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Bankruptcy Analyst II

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Description

The Bankruptcy Analyst II is responsible for ensuring the bankruptcy process is monitored and associated tasks are completed accurately and timely from the time of filing through to release in the servicing platform.  The successful candidate for this role is flexible in a fast paced environment, and handles a workload of active bankrupt accounts in Chapters 7, 11, 12, or 13, reviewing debtors’ bankruptcy petitions and schedules, business records, periodic financial reports and any proposed reorganization plan to determine financial viability of the debtor and to make sure Freedom Mortgage is protected.  They will be responsible for managing and resolving bankruptcy cases nationwide working to minimize revenue loss by identifying strategies to resolve delinquencies and handle all documentation, legal communication, and notification requirements according to U.S. Bankruptcy Code, investor, and state guidelines in addition to all other applicable laws and regulations.  Successful candidates will demonstrate keen attention to detail and the consistent and compliant application of laws, regulations, and internal policies.

 


Essential Job Functions:

  • Works with outside counsel to investigate and decide on appropriate courses of action, provide additional documentation, draft pencil ledgers, and approve Agreed Orders
  • Makes decisions on bankrupt accounts based on numerous variables including chapter, delinquency status, and debtor intent while meeting court specified deadlines
  • Analyzes court documents to determine status of bankruptcy and protect Freedom Mortgage’s interests
  • Ensures proper calculation of pre and post petition amounts due
  • Prepares required Proofs of Claims to be filed in the bankruptcy courts
  • Prepares required Notices of Payment Change
  • Prepares, sends, and follows up on reaffirmation agreements
  • Reconciles pre petition and post petition payments and balances
  • Performs periodic audits of customer charges and payments
  • Daily maintenance on bankrupt loans in the servicing platform ensuring correct status
  • Daily maintenance in bankruptcy software (PACER, BANKO, etc) to ensure proper follow-up on case status and document filing
  • Daily record retention
  • Reconciles trustee checks
  • Loads case information into the system of record
  • Remains current with bankruptcy laws as well as state and investor guidelines to best protect the interests of Freedom Mortgage
  • Ensures compliance with internal policies and controls, investor guidelines, and governmental regulations
  • Works with outside counsel, debtors, and debtor attorneys negotiating alternative payment schedules for delinquent accounts, coordinating loss mitigation efforts, or reaffirmation agreements
  • Compliance with Fair Debt Collection Practices Act (FDCPA)
  • Works in collaboration and partnership with other team members
  • Demonstrates in-depth knowledge of all bankruptcy chapters
  • Oversees department specific projects
  • Work with management to develop and implement new or revised processes and guidelines and realize process efficiencies and potential gaps created within Default Reporting department
  • Performs other related duties as assigned.

  Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

  Education and/or Experience:

High School diploma or equivalent required; three to five years of bankruptcy case management experience;  Possess the ability to work independently as a team player and adapt to a fluid work environment with changing regulations and processes. Detail oriented, excellent problem solving and organization skills. Working knowledge of Outlook, Word, Excel and Adobe Professional

 

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