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

Date Posted: 6/29/2018

Job Snapshot

Job Description


DOVENMUEHLE CAREER FAIR ** Friday, July 13, 2018 10 am – 3 pm ** Kemper Lake Business Park,
1 Corporate Drive (Building 1), Lake Zurich, IL 60047 **- Watch for Signs!

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

Responsibilities include, but are not limited to, the following:

  • 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

Job requirements:

  • 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