This job post is no longer available
This job post is no longer available
Visit more jobsConsumer Bankruptcy Specialist at Valley Bank
Job Description
The Consumer Bankruptcy Specialist will be responsible for managing, maintaining and monitoring all Bankruptcy referrals for Valley Consumer Loans.
Responsibilities include but are not limited to:
• Review all incoming bankruptcy petitions/filings/motions and perform necessary research to ensure that related accounts are properly coded and segregated from general account population.
• Make recommendations to Management regarding a course of action to protect the Bank's interests.
• Review all files to ensure full compliance with investor and bank guidelines as well as Federal bankruptcy regulations.
• Assign files to 3rd party legal counsel with instructions on handling.
• Prepare payoff and pre-petition arrears figures and work with outside counsel on court filings including filing Proof of Claims, Reaffirmation Agreements and Motions for Relief from the Automatic Stay.
• Order and review monthly property inspections for accounts in bankruptcy and review for accuracy.
• Prepare, maintain and monitor weekly and monthly reports for investors and Bank Management.
• Monitor attorney efforts to ensure filing timelines are being adhered to pursuant to Bank, Investor and Federal bankruptcy guidelines.
• Review and process invoices from attorneys and 3rd party vendors.
• Ensure that bankruptcy accounts are being properly reported to the appropriate credit reporting agencies.
• Keep abreast of all changes to regulatory and investor requirements relating to bankruptcy and adjust policies and procedures as warranted.
Responsibilities include but are not limited to:
• Review all incoming bankruptcy petitions/filings/motions and perform necessary research to ensure that related accounts are properly coded and segregated from general account population.
• Make recommendations to Management regarding a course of action to protect the Bank's interests.
• Review all files to ensure full compliance with investor and bank guidelines as well as Federal bankruptcy regulations.
• Assign files to 3rd party legal counsel with instructions on handling.
• Prepare payoff and pre-petition arrears figures and work with outside counsel on court filings including filing Proof of Claims, Reaffirmation Agreements and Motions for Relief from the Automatic Stay.
• Order and review monthly property inspections for accounts in bankruptcy and review for accuracy.
• Prepare, maintain and monitor weekly and monthly reports for investors and Bank Management.
• Monitor attorney efforts to ensure filing timelines are being adhered to pursuant to Bank, Investor and Federal bankruptcy guidelines.
• Review and process invoices from attorneys and 3rd party vendors.
• Ensure that bankruptcy accounts are being properly reported to the appropriate credit reporting agencies.
• Keep abreast of all changes to regulatory and investor requirements relating to bankruptcy and adjust policies and procedures as warranted.
Job Responsibilities
- The Consumer Bankruptcy Specialist will be responsible for managing, maintaining and monitoring all Bankruptcy referrals for Valley Consumer Loans
- Review all incoming bankruptcy petitions/filings/motions and perform necessary research to ensure that related accounts are properly coded and segregated from general account population
- Make recommendations to Management regarding a course of action to protect the Bank's interests
- Review all files to ensure full compliance with investor and bank guidelines as well as Federal bankruptcy regulations
- Assign files to 3rd party legal counsel with instructions on handling
- Prepare payoff and pre-petition arrears figures and work with outside counsel on court filings including filing Proof of Claims, Reaffirmation Agreements and Motions for Relief from the Automatic Stay
- Order and review monthly property inspections for accounts in bankruptcy and review for accuracy
- Prepare, maintain and monitor weekly and monthly reports for investors and Bank Management
- Monitor attorney efforts to ensure filing timelines are being adhered to pursuant to Bank, Investor and Federal bankruptcy guidelines
- Review and process invoices from attorneys and 3rd party vendors
- Ensure that bankruptcy accounts are being properly reported to the appropriate credit reporting agencies
- Keep abreast of all changes to regulatory and investor requirements relating to bankruptcy and adjust policies and procedures as warranted