Manages a portfolio of bankruptcy loans according to investor, state, government agency and bankruptcy code guideline
Mitigates loss and legal risk to the company and to investors by accurately managing the bankruptcy process and obtaining relief from bankruptcy on non-performing loans
Verifies new filings, follow up for payments, POC's, Motions and applicable court documents
Determines bankruptcy status, utilizing internal department applications, and moving loans to the next stage in the process
Closes loans out of bankruptcy to ensure that the company's interests are protected as well as processes are continued appropriately and timely upon termination of the stay
Monitors the posting of payments to ensure all cash items are applied per the requirements above and per the terms of loan documents
Responds timely to phone calls, written correspondence from all parties involved in the bankruptcy process including attorneys, court appointed trustees, and internal associates
Reads and interprets all legal documents-pleadings motions, dockets, loan documents etc., as well as borrower trustee, investor and attorney correspondence
Verifies critical dates and reviews electronic court docket for updated case status
Determines when attorney action, advise or interpretation is needed while following department and RESPA guidelines
Performs special projects as necessary
Specific Requirements (items are required unless noted otherwise):
Ability to multi-task and shift priorities accordingly
Ability to perform in a fast-paced, high volume production environment
Demonstrate effective organizational skills
Ability to adapt to change easily
Background in Mortgage Banking/Real Estate, Insurance or high volume office environment
Demonstrate an attention to detail, clearly convey thoughts/ideas
Ability to read and interpret numbers, balance/reconcile funds and understand payment amounts
Display decision making
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