Bankruptcy Coordinator

Duration: 3-4 months with possible extension/conversion

This individual will be reporting directly to the Bankruptcy Supervisor and Manager who reports to the Senior Vice President of Default Management. He/she will be responsible for monitoring residential and potentially some commercial bankruptcies (Chapters 7, 11, 12, and 13) from a creditor/component servicer perspective, hiring counsel to file proof of claims and motions for relief and any other bankruptcy documents. This position also includes monitoring various reports on a daily, weekly and monthly basis to ensure all events are worked pursuant to investor guidelines. He/she will identify, prioritize, research and track key bankruptcy processes, which will require interaction with outside counsel on a daily basis. 
Essential Duties and Responsibilities 
• Monitor status of all bankruptcy cases assigned to ensure all KPI’s (Key Performance Indicators) are met. 
• Ensure the timely referral and filing of proofs of claims and requesting motions for reliefs and ensuring they are filed timely to remain in compliance with Investor. 
• Review proof of claim and motion for relief reports on a weekly basis to ensure filed in accordance with investor guidelines. 
• Communicate with local counsel daily to ensure that all events/issues that they are responsible for are being attended to in a timely manner. 
• Responsible for bankruptcy plan review to identify treatment of lien and refer to counsel. 
• Provide posting instructions on bankruptcy payments. 
• Ensure payment change notifications are filed within 21 days of the effective date of payment change. 
• Respond to Notice to Cure and Deem Current Matters timely and any other time sensitive pleadings to prevent losses to the company. 
• Verify if a demand letter is required upon closing of the bankruptcy. 
• Interact with Asset Management when a customer is seeking court approval for a loan modification. 
• Seek Investor(FHLMC) approval as required in a timely manner 
• Ensure management and investor is aware when debtor intends to substantially reduce our debt or claim amount (cram down/motion for valuations). 
• Respond to incoming customer calls regarding bankruptcy. 
• Handle preliminary bankruptcy related research on customer disputes. 
• Process invoices for payments weekly. 
• Special projects as assigned by management. 
Skills/Knowledge Requirements: 
• Strong analytical and problem-solving skills 
• Ability to work independently and be a self starter. 
• Ability to meet deadlines and maintain focus under pressure. 
• Ability to interface with multiple departments, scope out projects and interface with IT/LPS Desktop/FHLMC to enhance reporting capabilities. 
• Strong oral and written communication skills. 
• Strong research and audit skills. 
• Willingness and aptitude to learn new tasks 
• Basic accounting/mathematics knowledge to complete a reconciliation/breakdown of payments and fees due on the loan. 
• Willingness and ability to work in a fast paced environment and to handle a large volume of cases/loans. 
• Ability to maintain confidentiality and ensure borrower(s) loan information is secure. 
• Professional demeanor and appearance. 
Education/Experience Requirements: 
• Proven success in taking business needs and translating to reporting deliverables. 
• 1 to 2 years experience in a reporting environment. 
• 1 to 2 years bankruptcy paralegal or bankruptcy servicing experience. 
• 1 to 2 years of Accounts Receivable/Payable or related experience. 
• Basic familiarity with the Federal Bankruptcy Code. 
• Basic familiarity with Aacer Monitoring. 
• Knowledge/experience with MSP/ LPS Desktop. 
• Proficiency in MS Excel, MS Word and MS Outlook. 
• Basic knowledge of FHLMC servicing guidelines and systems a plus. 
• Basic familiarity of Foreclosure(Judicial/Non Judicial) process a plus 

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