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Chapter 13 Rep For Bankruptcy Department in Lake Zurich, IL at Dovenmuehle

Date Posted: 10/18/2018

Job Snapshot

Job Description


Coordinate and expedite the handling of the bankruptcy in accordance with FHA, VA, PMI, Fannie Mae, Freddie Mac, and private investor guidelines, state laws and the Federal Bankruptcy code.

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

  • Monitor the bankruptcy attorneys to ensure that the file is being worked timely.
  • Monitor the POC is an acceptable plan is entered and approved within guidelines.
  • Supplies the outsourcing firm with information necessary to properly conduct the bankruptcy action.
  • Monitor the preparation and execution of all documents related to the bankruptcy action.
  • Monitors the assigned bankruptcy loans to ensure that the bankruptcy is handled within Fannie Mae, Freddie Mac, FHA, VA, PMI, and private investor guidelines.
  • Handles debtor attorney inquires.
  • Update MSP with all related information.
  • Respond to internal requests for status timely.
  • When payoff funds are received, prepare the Cash doc to provide the Cash department with instruction on how to apply the funds.
  • When payoff funds are received launch final invoice process in LPS Desktop to ensure attorney has been paid in full.
  • When payoff funds are received sent a task to advise the property preservation department that inspections and preservation work should be stopped.
  • Actively works the bankruptcy reports to ensure the bankruptcy is within required guidelines.
  • Handles “special” inquiries on loans in bankruptcy.
  • Maintains a professional attitude and atmosphere within the department.
  • Perform all responsibilities and duties deemed other duties as assigned.

Job Requirements

Job requirements:

  • Excellent Math skills
  • Basic EXCEL skills, good verbal and written communication skills.
  • Bankruptcy laws; Financial background; Mortgage Servicing; and/or MSP are helpful.
  • Works well in a fast paced environment; Must be self-motivated; works well without direct supervision and detail oriented.