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Paralegal​/Foreclosure Coordinator - Private Lending

Job in Toms River, Ocean County, New Jersey, 08757, USA
Listing for: BD Capital
Full Time position
Listed on 2026-07-09
Job specializations:
  • Finance & Banking
    Loan Servicing, Regulatory Compliance Specialist
  • Law/Legal
    Loan Servicing, Regulatory Compliance Specialist
Salary/Wage Range or Industry Benchmark: 55000 - 75000 USD Yearly USD 55000.00 75000.00 YEAR
Job Description & How to Apply Below
Position: Paralegal / Foreclosure Coordinator - Private Lending

BD Capital is a private lending firm focused on providing flexible, asset-based financing solutions for real estate investors across the country. We specialize in bridge, construction, and rental property loans, supporting borrowers through acquisitions, refinances, and ground-up development projects.

Our platform is built around speed, transparency, and execution. We pride ourselves on moving quickly from term sheet to closing while maintaining disciplined underwriting and a consistent, scalable process. Our team works closely with borrowers and brokers to navigate complex deals, ensuring clear communication and a streamlined experience from start to finish.

At BD Capital, we are not just transaction-focused, we aim to build long‑term relationships with our clients by being a reliable capital partner across multiple projects. Internally, we emphasize collaboration, accountability, and continuous process improvement to support our growth and deliver a high level of service on every deal.

Position Summary

We are looking for a Paralegal who thrives in a fast‑paced, entrepreneurial growth environment. This individual will support our legal and asset‑management functions. This role is focused primarily on managing the legal aspects of defaulted loans — working closely with outside foreclosure counsel across multiple jurisdictions — while also supporting the broader lending operation with default loan documentation, lien position review, and collateral oversight.

The ideal candidate is organized, proactive, and comfortable operating in a fast‑paced, commercial lending environment.

Responsibilities Loan Documentation & Collateral Review
  • Track maturity dates, extension options, and loan modification terms across the active loan portfolio.
  • Assist with preparation of loan modification agreements, extension agreements, and forbearance documentation as directed by management or counsel.
Default Monitoring & Pre‑Foreclosure
  • Coordinate issuance of default notices, demand letters, and cure notices in accordance with loan documents and applicable state law.
  • Review and monitor tax liens, municipal liens, HOA liens, judgment liens, mechanic's liens, and other encumbrances impacting collateral recovery.
  • Evaluate collateral position and property condition in coordination with asset managers and outside counsel.
  • Assist in negotiating and documenting payoff agreements, deed‑in‑lieu transactions, and workout arrangements under attorney supervision.
Foreclosure Management
  • Serve as the primary internal point of contact for outside foreclosure counsel on all referred matters.
  • Refer defaulted loans to foreclosure counsel and provide all necessary loan file documentation, collateral information, and borrower data to initiate proceedings.
  • Track all foreclosure milestones including Verification of Mortgage, Complaint filing, Service of Process, Motions, Judgments, Sheriff Sale scheduling, foreclosure sales, deed recording, and post‑sale actions.
  • Review status reports and invoices from outside counsel; elevate issues and delays to management.
  • Coordinate with foreclosure counsel on judicial and non‑judicial foreclosure proceedings across multiple states.
  • Assist with preparation of credit bids, auction logistics, and post‑sale documentation.
  • Manage REO (real estate owned) matters following completed foreclosure, including coordination of deed preparation, title clearance, and property management handoff.
  • Prepare weekly foreclosure status reports and lead recurring default review meetings with Asset Management leadership and outside counsel.
Construction Loan Oversight Support
  • Coordinate with inspectors, title companies, and counsel on construction loan‑related title endorsements and lien waivers.
General Legal & Administrative
  • Maintain accurate and up‑to‑date status reports for all defaulted and referred loans.
  • Organize and maintain files, correspondence, and closing documentation.
  • Communicate professionally with borrowers, guarantors, outside counsel, title companies, and other third parties.
  • Assist management with special projects and legal research as needed.
  • Ad hoc projects, as assigned.
Qualifications
  • Working knowledge of judicial and…
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