Bankruptcy Analyst I
The Bankruptcy Analyst I 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. This position will perform activities related to bankrupt accounts including but not limited to processing new notices, discharges, Proof of Claim, Notice of Payment Change, Notice of Post-Petition Fee, Plan Review/Objection, preparing reaffirmation agreements, perform reconciliations, and case closures in a shared service environment.
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
Ensures proper calculation of pre and post-petition amounts due
Review and approves required Proofs of Claims to be filed in the bankruptcy courts
Review and approves required Notices of Payment Change
Review and approves required Plan Review/Objections
Review and approves required Post Petition Fee Notices
Prepares, sends, and follows up on reaffirmation agreements
Reconcile pre-petition and post-petition payments and balances
Performs periodic audits of customer charges and payments
Daily maintenance of 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 interest 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)
Work in collaboration and partnership with other team members
Other Related Duties:
Performs other related duties as assigned.