Bankruptcy specialist

Description

Position at loanDepot

Position Summary :

Responsible for conducting day to day operations in assigned area(s) of focus in the loan servicing cycle related to bankruptcy administration.

Works with vendors to complete the bankruptcy process, while ensuring compliance with regulatory entities, statutory requirements, investor and insurance guidelines, and vendor adherence to contractual terms.

Responsibilities :

• Monitors and resolves bankruptcy matters with vendors to complete the bankruptcy process in a timely manner.
• Responsible for administering the bankruptcy notification process.
• Researches and responds to investor and regulatory audit requests.
• Conducts oversight of Outsource Asset Management vendors by using effective measurement of metrics.
• Maintains communication with all business units, most notably : Loss Mitigation, Default Services, General Counsel, attorneys and vendors.
• Monitors changes in statutory, regulatory, investor and insurer guidelines and requirements.
• Provides timely recognition and review of items that must be escalated to legal and proper departments; researches and resolves global and loan level issues.
• Monitors monthly, weekly and daily exception reports to ensure accuracy of production.
• Strives to achieve the highest net recovery possible by minimizing the expense of management, insuring effective timeline management.
• Responds to vendor intercoms.

Requirements :

• 5 years of Mortgage Servicing experience required.
• 3 years of administration and servicing loans within Bankruptcy required.
• MSP / Black Knight Experience required.
• Experience working within investor and insurer guidelines related to FNMA, FHLMC, GNMA, VA, FHA and USDA.
• High School Degree or equivalent required; Bachelor’s degree preferred.

Why work for #teamloanDepot :

• Aggressive compensation package based on experience and skill set.
• Inclusive, diverse and collaborative culture where people from all backgrounds can thrive.
• Work with other passionate, purposeful and customer-centric people.
• Extensive internal growth and professional development opportunities including tuition reimbursement.
• Comprehensive benefits package including Medical / Dental / Vision.
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions.

Last updated : 2024-05-21