Bankruptcy Specialist Resume Samples

Description :

1. Responsible for servicing accounts where the customer has filed bankruptcy to determine the appropriate actions concerning HSBC Mortgage Services lien.
2. Conducted full account reviews based on bankruptcy law, and noting bankruptcy status, recent activity in court docket, customer intent, in order to prevent financial loss to the company.
3. Prepared appropriate forms and ensure complete documentation and compliance within established guidelines; notify appropriate Manager of unique situations.
4. Managed timelines involved with Chapter 7 and Chapter 13 accounts, including motions for relief, dismissals, discharges and commencement of foreclosure.
5. Completed inbound and outbound attorney contact and customer contact where allowed to solicit and negotiate reaffirmation agreements in Chapter 7 bankruptcies.
6. Obtained financial statements and make recommendations for account modifications to ensure the ability of customer to maintain their mortgage accounts.
7. Completed account analysis and made recommendations for charge-off, including review of lien position, fraud review and appraisal analysis.

Experience

2-5 Years

Level

Junior

Education

Bachelor Of Science

Description :

1. Responsible for auditing and evaluating mortgage accounts that have recently discharged from bankruptcy to ensure accuracy of the active loan status that may prevent company losses.
2. Analyzing payment history to account for cashiering and payment processing errors.
3. Reconciling outstanding bankruptcy fees and cost.
4. Collecting and reading over the bankruptcy and mortgage documents relevant to the discharge audit to access inaccuracies.
5. Manually formatting payment histories to account for the loans current payment with trustee.
6. Debriefing and responding to the bankruptcy attorney regarding activities on the loan and in the bankruptcy that affects the mortgage such as motions, orders, objections and responses on the court docket.
7. Assessing if the loan is to be released to foreclosure, as a delinquent account or an active current loan status.
8. Reviewing and responding to the Bankruptcy Trustees pre discharge reviews, Trustees Notice of Final Cure filings and Motions filed to deem mortgage accounts current to prevent write offs.

Experience

5-7 Years

Level

Executive

Education

Bachelor Of Science

Description :

1. Handle and maintain bankruptcy portfolios and matters ass assigned while mitigating loss and legal risk for the company's clients by accurately managing the bankruptcy process.
2. Refer new Chapter 7, 11, 13 bankruptcies to legal counsel for Proof of claims -Review mortgage loans for delinquency and refer for a motion for relief when needed.
3. Work electronic case monitoring files, proof of claims, and amended claims.
4. Promptly determine when attorney action is required.
5. Answer calls from debtors and counsel to assist with any inquiries that they may have.
6. Prepare affidavits and declarations for different jurisdictions to be filed by legal counsel.
7. Plan Discharge Auditor -Perform acquisition audits for mortgage servicer to confirm the accuracy of all financial balances that were acquired and transferred from the prior servicer; seeking restitution of any unresolved balances, as required.
8. Perform bankruptcy discharge audits upon completion of the bankruptcy process, per client guidelines.

Experience

10+ Years

Level

Senior

Education

Diploma

Description :

1. Worked with external attorneys' offices to resolve outstanding requests for Relief of Stay in the Motion for Relief process.
2. Verified the accuracy of payment histories and the system of record in the bankruptcy and makes corrections as needed including creation of GEMs, having fees written off, balancing suspense on the system, and sending loans to release when needed.
3. Identified potential issues as they arose through communication with counsel and brought them forward to superiors.
4. Worked diligently and quickly with the attorney's until we had a resolution for all questions and concerns they may have in regards to our line of business.
5. Aided co-workers by answering their questions and providing a critical eye as needed to accurately read the systems of record and convey the records to the attorneys.
6. Created pay histories of three different varieties depending on the type of loan and what the attorney required.
7. Stepped in to help as needed in other areas of the team.

Experience

10+ Years

Level

Senior

Education

BA

Description :

1. Responsible for a group of medium to high-level risk bankrupt accounts and applying bankruptcy code and general collection law requirements.
2. Focused on chapter 13 bankruptcy accounts. Partnered with second level review for ensuring accuracy.
3. Performed in-depth account analysis on fees and payment history, verified both foreclosure and bankruptcy fees followed bankruptcy stay laws to ensure compliance and created ledgers for accounts documenting loan history during bankruptcy.
4. Reached out to attorneys for loans requiring further research into specifics surrounding individual cases to escalate releases.
5. Provided recommendations for misapplied charges and fees, including reversals and write offs following bankruptcy code.
6. Performed classifications of transactions, added pre-petition and post-petition due dates and verified payment amounts due.
7. Finished with near-perfect scores on both operational production performance and quality risk management.

Experience

2-5 Years

Level

Junior

Education

Bachelor Of Science

Description :

1. Worked on three member team to handle bankruptcy filings for real estate, telecom and other major companies in the East Coast, Midwest and West Coast.
2. Monitored 300 accounts from inception to final decree.
3. Managed large volume of communications; reviewed and responded to verbal and written inquiries from attorneys; prepared and filed Notices of Appearance; and handled inbound calls from customers.
4. Utilized PACER to review debtors' schedules, Statement of Affairs and other pertinent documents.
5. Highly instrumental in time management; effectively met 100% of recording, filing and equipment repossession deadlines.
6. Successfully monitored Chapter 11 and 13, and collections activity; included manual mail handling and diligent follow-up on delinquent accounts including telephone calls and written correspondence.
7. Proved highly efficient in prioritizing documents and key items related to cases and filings.
8. Instrumental in helping to resolve preference claims.

Experience

2-5 Years

Level

Executive

Education

Certificate In Paralegal

Description :

1. Responsible for handling retail product loans when a customer has filed a Chapter 7, 11, 12, or 13 bankruptcy.
2. Supported a portfolio in excess of 1000 accounts with a bankrupt status, both secured and unsecured loans.
3. Determined the cost effectiveness to attorney assign on new filings, ie Reaffirmation agreements, Motion for Relief from Stay, Objections to a Chapter 13 plan, etc.
4. Maintained correspondence with the attorneys to ensure Key's interest in the collateral is pursued to the degree necessary.
5. Drafted written and verbal responses to the OCC, Executive Inquiries and customer complaints.
6. Monitored for payments, repossessions, and surrendered home on secured loans during the active bankruptcy.
7. Pursued secured collateral after the bankruptcy discharged via letters and phone calls.
8. Reviewed all incoming correspondence for Chapter 13 plans, adversary proceedings, notices of foreclosure, trustee disbursements, and letters from attorneys.

Experience

7-10 Years

Level

Junior

Education

Diploma In Business

Description :

1. Review and monitor active Chapter 13 cases for potential future payments and reduction of balance.
2. Review and monitor active Chapter 7 cases to negotiate with customer's attorney via phone, mails reaffirmation agreements and modifications, and provides recommendation for the recovery of vehicles after dismissal of cases.
3. Review e-mails sent by the Bankruptcy Court dealing with new filings, motions by customer's attorneys, and motions set forth by the courts.
4. Prepare proof of claims, and motions for relief, if accounts become delinquent.
5. Monitor and follow-up on plan confirmation, dismissal of bankruptcy and discharge of debt.
6. Process all bankruptcy accounts in accordance with policies, procedures and processes, which include processing payments and loan modification paperwork when plan treatment is verified.
7. Code bankruptcy accounts appropriately within computer system.
8. Handle approximately 70 or more incoming calls daily.

Experience

7-10 Years

Level

Consultant

Education

Realtor In Real Estate

Description :

1. Preparing and assigning loan files to an attorney to institute legal action and to protect the company and client's interest on loans that have been impaired by a bankruptcy filing.
2. 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.
3. Monitoring the performance of the outside counsel handling the legal process on the bankruptcy.
4. Monitoring the assigned bankruptcy loans to ensure that the bankruptcy is handled within Fannie Mae, Freddie Mac, FHA, VA, state, and investor guidelines.
5. Ensuring that the proof of claim is filed correctly and that an acceptable plan is entered and approved within the required guidelines.
6. Preparing or delegating preparation of all correspondence for assigned accounts.
7. Processing the file when the bankruptcy has been dismissed, stay lifted or the loan has reinstated.

Experience

7-10 Years

Level

Management

Education

Housing Counseling

Description :

1. Manage a large portfolio, evaluate current bankruptcy mortgage accounts chapter 7, 11 and 13 to determine if they are within the qualifying criteria for motion for relief.
2. Monitor accounts frequently for payment delinquency.
3. Review amended plans after confirmation to make sure that our client is still covered for arrearage and on-going post petition payments.
4. Prepare and send out motion for relief, objection to plan to local counsel and monitor court changes on the docket.
5. Respond timely to local counsel emails regarding documents needed in order to proceed with litigation, prepare Affidavits.
6. Handle inbound calls from Clients, Debtors, Debtors' Attorney, and Trustee and respond to local counsel emails regarding documents needed to proceed with litigation.
7. Prepare pay logs and ledger balancing when applicable.
8. Systems used consist of LPS, NDC, Radar, Mainframe, LSAMS, AS400, Citrix, Vendorscape, Fortracs and Fiserv.

Experience

10+ Years

Level

Senior

Education

General Business

Description :

1. Reviews and completes bankruptcy documents ensuring accurate factual information such as name, title, state, and country Performs timely follow-up with attorneys and bankruptcy trustees.
2. Ensures that follow-up for hearings, discharges and other critical steps such as request referrals on delinquent bankruptcies, etc.
3. Maintains a production tracking sheet, including updating systems to reflect document completion.
4. Maintains up-to-date accounting ledgers to ensure the discharge process is accurate.
5. Performs administrative tasks, including Default tracking work queue for loan set up and completing document copy requests received by attorneys Receives, processes negotiates, and secures bankruptcy documents on debtors in bankruptcy.
6. Verifies and completes proper filings of proof of claims, reaffirmation agreements and motions as needed.
7. Receives, processes negotiates, and secures payments on debtors in bankruptcy.

Experience

2-5 Years

Level

Junior

Education

Bachelor's

Description :

1. Managed CitiFinancial and OneMain Financial bankruptcy portfolios ensuring strict compliance to rules and regulations.
2. Negotiated with attorneys and trustees over cases, loan modifications, proof of claims, pay outs, subordination agreements, amended plans, modified plans as well as prepetition and post petition arrears.
3. Provided professional and courteous customer service in dealing with internal and external conflict resolutions.
4. Case management of accounts submitted for litigation such as motions for relief, objections, and adversary proceedings.
5. Managed Bankrupt accounts with the upmost attention to detail following Bankruptcy Law and Citi procedures.
6. Reviewed AACER, National Data Center, Websphere, Site-X, File-Net, AS400, MAESTRO, DRI, Symphony, CACS.
7. Conducted research on bankruptcy matter to assist outside council, respond to court or attorney inquiries, and review trustee payments via remedy.

Experience

2-5 Years

Level

Junior

Education

Diploma