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Bankruptcy Representative (MFR) in Lake Zurich, IL at Dovenmuehle

Date Posted: 5/23/2018

Job Snapshot

Job Description

Coordinate and expedite the referral of delinquent bankruptcy accounts to counsel.


Responsibilities:


  • Review reports for delinquent bankruptcy accounts.

  • Perform pencil ledgers on account to determine if they are delinquent.

  • Apply funds held in suspense.

  • Refer file for MFR once it has become delinquent.

  • Monitor bankruptcy attorneys to ensure that the file is being worked timely.

  • Work with counsel to obtain necessary information and documentation to timely move the file forward.

  • Monitor the preparation and execution of all documents related to the Motion for Relief.

  • Monitors the assigned bankruptcy loans to ensure that the bankruptcy is handled within Fannie Mae, Freddie Mac, FHA, VA, PMI, and private investor guidelines.

  • Update MSP with all related information.

  • Respond to internal requests for status timely.

  • Actively work the bankruptcy reports to ensure we are referring bankruptcy matters within required guidelines.

  • Handles “special” inquiries on loans that are in the MFR process.

  • When funds are received on a file with an active MFR inquire of counsel as to whether or not the funds may be posted.

  • Review and approve terms for Agreed Orders on MFR’s to ensure the arrears are brought current within client’s guidelines.

  • Handle Objections to MFR’s and ensure counsel is provided with everything needed to properly handle the objection.

  • Maintains a professional attitude and atmosphere within the department.

  • Perform all responsibilities and other duties as assigned.

Job Requirements

EXPERIENCE:


  • Good with numbers and math

  • General PC skills, basic EXCEL skills

  • Excellent verbal and written communication skills

  • Works well in a fast paced environment;

  • Must be self-motivated; works well without direct supervision and detail oriented

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