National Bankruptcy Processor

 
Purpose
The National Bankruptcy Processor is responsible for protecting the client's interest by reviewing loans for possible legal action and taking all necessary actions to protect client's interest without individual requests from the client.
 
Specific Duties, Activities and Responsibilities

Proof of Claim: Specialist will prepare Proofs of Claim referrals for Ch 7, 11 and 13 loans. Specialist will determine the pre-petition arrears at the time of filing to be included in the Proof of Claim by using the client's system.
Specialist must prepare Proofs of Claims in accordance will all jurisdictional requirements and notify client of any amounts that cannot be included in the Proof of Claim and request system adjustments for same. Specialist must be able to recognize the difference between arrearage claims, principal balance claims and total debt claims. Ideal candidate will possess knowledge of the Proof of Claim changes resulting from bankruptcy rule
Amended Proof of Claim: Specialist will be required to amend the Proof of Claim on occasion. Reasons for amended claims include but are not limited to loan modifications, Consent Orders, and post-petition payments being rolled into the Confirmation Order. Specialist will be required to make sure any amendments to the claim are accurately set up in the client's system.
Transfer of Claim: Specialist will be required to refer and review Transfer of Claims for loans that client acquires that are in an active bankruptcy and for which the prior servicer has already filed a Proof of Claim. Specialist must ensure that the Proof of Claim filed by the prior servicer is correctly set up in client's system. Specialist must follow up to ensure that the Trustee adjusts their system to reflect that the client has acquired the loan. Any Transfer of Claims that are not updated in the Trustee's system will require contacting the Trustee's office to resolve.
Motions to Allow Late Claims: Specialist will be required to refer to local counsel a motion to allow late claim from time to time. Specialist may be required to provide local counsel with documentation for why the claim was not timely filed. Specialist must regularly monitor all Motions to Allow Late Claim until order entry.
Impediments: Specialist must review loans immediately upon receipt for any items needed to proceed with account adjustments or legal action. Specialist will refer to jurisdictional requirements to confirm what items are required to proceed with required legal action. Frequent follow up and escalation for impediments is required until resolution. Specialist will have to be comfortable reviewing prior servicer histories and escrow analyses.
Title Review: Specialist must be able to review mortgages, assignments, notes and allonges and determine any missing gaps in the chain of title.
ECF Mail/AACER: Specialist will be required to review electronic mail from the court. All mail must be thoroughly reviewed and notated in firm's system and client's system. Specialist must be able to determine and proceed with any action needed in response to court mail received.
Ensure local counsel has all necessary information to complete various notices and filings.
Move all non-active files quickly through to closing.
Review and interpret client systems and update data per client's expectations.
Regularly monitor reports that are generated in our system to ensure that files are handled smoothly and timely.
Regularly monitor reports that are generated by the client's system to ensure that files are handled smoothly and timely.
Participate in company-sponsored educational seminars.
Perform all other duties as assigned.

Job Requirements

High School Diploma required, Bachelor Degree preferred.
Two or more years of experience in the bankruptcy and/or Mortgage Servicing arena. Proven track record of dependability and punctuality required.
Usage of LPS is required; must be familiar with all Facets of LPS, including LPS Intercoms, LPS Reports, and LPS/ Client Directives.
Must possess basic understanding of the fundamentals of Chapter 7, 11, and 13 Bankruptcies.
Must be proficient with numbers and basic accounting.
Must be proficient in software tools including but not limited to Word, Excel, Outlook and the Internet.

General Competency Factors

Must be proficient in software tools, including but not limited to Word, Excel, Outlook, and the Internet.
Must possess strong written and verbal communications skills.
Must provide excellent customer service to internal and external customers
Identifies and solves issues in a timely manner.
Must be a team player and willing to help others in their department whenever necessary.
Must be extremely organized and be able to multi-task.
Conscientious with respect to work completion, deadlines, time management and attendance.
Takes initiative in face of obstacles and identifies what needs to be done and takes action.
Demonstrates commitment to Firm's vision, mission, and core values.
Analytical and detail oriented, while working at a fast pace and capable of multi-tasking.
Develops professional relationships and builds rapport with others.
Overall good work ethic and willingness to adapt to change.

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