Bankruptcy Specialist
Description
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:
- Proof of claims, escrow, and post petition notices experience is required.
- Responds to vendor intercoms, investor and regulatory audit requests, and administering the bankruptcy notification process.
- Monitors monthly, weekly and daily exception reports to ensure accuracy of production.
- Conducts oversight of Outsource Asset Management vendors by using effective measurement of metrics.
- Maintains communication with all business units: Loss Mitigation, Default Services, General Counsel, attorneys and vendors.
- Provides updates and review of all items that must be escalated to legal or partnering departments.
- Monitors and resolves bankruptcy matters with vendors to complete the bankruptcy process within the specified time constraints.
Requirements:
- 5+ years of Mortgage Servicing experience required.
- 3+ years of administration and servicing loans within Bankruptcy required.
- MSP/Black Knight Experience required.
- LoanSphere servicing system experience preferred.
- 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.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.