Bankruptcy Specialist jobs in Illinois
Bankruptcy Specialist is responsible for the documentation and filing of loan bankruptcy materials with the appropriate attorneys. Ensures full compliance with loan bankruptcy regulations. Being a Bankruptcy Specialist monitors accounts throughout the loan bankruptcy process and contacts appropriate party when necessary. Verifies the bankruptcy is secured and acquires a copy of the proposed Chapter 13 Plan on all secured accounts. Additionally, Bankruptcy Specialist captures Chapter 7 reaffirmation agreements to management for approval. Distributes account balances and interest rates to the secured and unsecured balances. Stays current with changing state specific bankruptcy laws. Typically requires a bachelor's degree or its equivalent. Typically reports to a supervisor. The Bankruptcy Specialist works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Bankruptcy Specialist typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Bankruptcy Specialist jobs
Bankruptcy Specialist
- Servbank
-
Oswego, IL
FULL_TIME
-
Description
The Bankruptcy Specialist is responsible for an assigned caseload of mortgage loans under the management of Default Servicing due to Bankruptcy Case Filing. Responsibility includes but is not limited to ensuring proper adherence to investors and insurers’ timeframes and policies & procedures to minimize risk, limit loan related expenses, and to preserve and protect collateral. All employees of Servbank. are expected to provide quality customer service and maintain high ethical standards when serving our clients.
About Servbank
Founded in 1994, Servbank is a banking institution with local roots and national reach. We were built on a foundation of community-orientation, which ensures that no matter who we serve, we do so with the human touch that marks the gold standard of service. We work with individuals, businesses, and communities, so that whether you’re a student, a homeowner, a small business owner, or a community leader, we can help you fulfill your goals. Come create excellence with Servbank.
Duties And Responsibilities- Manage pipeline of Active Bankruptcy loans from each case filing through final closing case or any additional requirements from Servbank. Documenting all loan-level efforts into the Bankruptcy Workstations in MSP.
- Review and provide designated counsel all documentation necessary to effectively manage the bankruptcy process to ensure all accounts are being managed according to investor and insurer timelines.
- Coordinates with our attorneys, defaulted borrowers' attorneys and/or trustees to maximize efficiency and timeliness of resolutions through completed bankruptcy plans, coordinating the filing of motions for relief, etc.
- Prepares relevant legal documents for execution by management, including Proofs of Claim, affidavits, etc.
- Maintains a thorough working knowledge of all bankruptcy requirements of all investors and insurers, as well as state and federal guideline updates. Attends training sessions as required.
- Review incoming expense invoices for accuracy and compliance with the established fees schedules of the Investors and/or Insurers.
- Performs such other duties as may be assigned by Default Management.
Position Qualifications- 5 Years of working knowledge of the bankruptcy processes and workflows
- Understanding of the mortgage servicing process and industry.
- Knowledge of CHFA/FHA, GNMA, FNMA, FHLMC, MI and various other investor/insurer bankruptcy requirements.
- Excellent oral and written communication skills
- Microsoft Office proficiency (Word processing and spreadsheets, data entry, PC input, etc.)
- Ability to work independently
- Goal-oriented
- High School diploma and/or some college
- Combination of education and experience in Collection call center/customer service/mortgage servicing environment
- Paralegal experience is a plus
We’re an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. - 9 Days Ago
Bankruptcy Specialist (Roster)
- U.S. Department of the Treasury
-
Springfield, IL
FULL_TIME
- DutiesWHAT IS THE SMALL BUSINESS SELF EMPLOYED (SBSE)DIVISION?A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisionsVacancies Will Be Filled In The ...
- 9 Days Ago
Bankruptcy Specialist (Roster)
- U.S. Department of the Treasury
-
Chicago, IL
FULL_TIME
- DutiesWHAT IS THE SMALL BUSINESS SELF EMPLOYED (SBSE)DIVISION?A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisionsVacancies Will Be Filled In The ...
- Just Posted
Bankruptcy Specialist (Register) (Direct Hire)
- U.S. Department of the Treasury
-
Springfield, IL
PART_TIME
- DutiesWHAT IS THE SMALL BUSINESS SELF EMPLOYED (SBSE) DIVISION?A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisionsVacancies will be filled in the...
- 9 Days Ago
Bankruptcy Specialist (9 Month Roster)
- U.S. Department of the Treasury
-
Springfield, IL
FULL_TIME
- DutiesWHAT IS THE SMALL BUSINESS SELF EMPLOYED (SBSE)DIVISION?A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisionsVacancies Will Be Filled In The ...
- 10 Days Ago
WAREHOUSE Inventory Specialist
- Warehouse Inventory Specialist
-
University Park, IL
FULL_TIME
- Your Role: This position is responsible for limiting company product loss by recovering misplaced inventory and ensuring data is correct in the warehouse management system. Process & research returned...
- 1 Month Ago
Bankruptcy Specialist jobs at Popular Companies
Assistant Manager
- Dovenmuehle
-
Lake Zurich, IL
- Assistant Manager Full time; Exempt Location; Lake Zurich, IL, US Department: Claims ***On-Site in Lake Zurich, IL*** Do...
- 6/11/2024 12:00:00 AM
Legal Conflicts Specialist, REMOTE (CA ONLY)
- Plona Partners
-
Tampa, FL
- Position: Conflicts Analyst Firm: AmLaw50 Location: California Remote Compensation: $60,000 - $78,000 Job Description: I...
- 6/11/2024 12:00:00 AM
Legal Conflicts Specialist, REMOTE (CA ONLY)
- Plona Partners
-
Charlotte, NC
- Position: Conflicts Analyst Firm: AmLaw50 Location: California Remote Compensation: $60,000 - $78,000 Job Description: I...
- 6/11/2024 12:00:00 AM
Bankruptcy Specialist
- Workway, Inc.
-
San Diego, CA
- Job Description Job Description Workway is a professional staffing firm, working with organizations across the country t...
- 6/11/2024 12:00:00 AM
Legal Conflicts Specialist, REMOTE (CA ONLY)
- Plona Partners
-
North Philadelphia, PA
- Position: Conflicts Analyst Firm: AmLaw50 Location: California Remote Compensation: $60,000 - $78,000 Job Description: I...
- 6/11/2024 12:00:00 AM
Legal Conflicts Specialist, REMOTE (CA ONLY)
- Plona Partners
-
Atlanta, GA
- Position: Conflicts Analyst Firm: AmLaw50 Location: California Remote Compensation: $60,000 - $78,000 Job Description: I...
- 6/11/2024 12:00:00 AM
Legal Conflicts Specialist, REMOTE (CA ONLY)
- Plona Partners
-
Dallas, TX
- Position: Conflicts Analyst Firm: AmLaw50 Location: California Remote Compensation: $60,000 - $78,000 Job Description: I...
- 6/11/2024 12:00:00 AM
Litigation Support Specialist
- Mitchell Martin Inc.
-
Des Moines, IA
- Litigation & Bankruptcy Specialist Contract to Hire Location: Wayne, PA or Des Moines, IO - Hybrid 2 days onsite As a Li...
- 6/7/2024 12:00:00 AM
About Illinois
Illinois (/ˌɪlɪˈnɔɪ/ (listen) IL-ih-NOY) is a state in the Midwestern and Great Lakes region of the United States. It has the fifth largest gross domestic product (GDP),
the sixth largest population, and the 25th largest land area of all U.S. states. Illinois is often noted as a microcosm of the entire United States. With Chicago in northeastern Illinois, small industrial cities and immense agricultural productivity in the north and center of the state, and natural resources such as coal, timber, and petroleum in the south, Illinois has a diverse economic base, and is a major transportation hu...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Bankruptcy Specialist jobs
$40,202 to $50,816
Most Popular Cities in Illinois for Bankruptcy Specialist Jobs
What does a Bankruptcy Specialist do?
Bankruptcy Specialist in Galveston, TX
The Bankruptcy Specialist is responsible for developing a work relationship with Bankruptcy Courts, Counsel, and the Board of Trustees.
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Bankruptcy Specialist in Benton Harbor, MI
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