Bankruptcy Specialist III (On-Site)

Newrez; Houston (TX); On-site; USD 70,000 - 95,000; Full time

Benefits offered by this job

Medical insurance

401(k) match

Parental leave

Tuition reimbursement

Employee loan program

Emergency fund

Job summary

Newrez in Houston is seeking a Bankruptcy Case Manager III to manage complex bankruptcy accounts and higher caseloads. You will review and update bankruptcy information daily, researching cases using PACER, AIS, and trustee sites to ensure accuracy.

You will file Transfers of Claim by deadlines, track pre- and post-petition payments, and work with counsel and other teams to maximize recovery while maintaining compliance.

Qualifications

• Bachelor’s Degree preferred or extensive industry and related experience.
• 5+ years of mortgage bankruptcy experience.
• Excellent verbal and written communication skills.
• Ability to multi-task in an environment of frequently changing priorities by maintaining a daily work list.
• Excellent computer and internet skills.
• Intermediate Microsoft Excel skills.

Responsibilities

• Handle complex bankruptcy accounts or increased caseloads.
• Receive, update and review bankruptcy information daily.
• Research accounts using PACER, AIS, trustee sites and internal systems.
• Prepare and file Transfers of Claim with the bankruptcy courts by scheduled deadline.
• Ensure that pre- and post-petition payment tracking is set up correctly in the ILS system.
• Receive and document all systems as to bankruptcy correspondence pertaining to the collateral.
• Monitor accounts for payments per the bankruptcy plan including trustee and post-petition payments.
• Identify issues that qualify for legal action including plan objections and motions for relief.
• Work with Bankruptcy Litigation, Foreclosure and Loss Mitigation teams for proper treatment.
• Perform discharge reviews to determine lien release requirements and adjustments.
• Assist on special projects as assigned.
• Create complex court documents using ILS/court fill-in documents by deadlines.
• Quality audits on Selected Bankruptcy Processes with feedback to BCMs.

Skills

Verbal & written communication

Multi-tasking

Attention to detail

Computer skills

Education

Bachelor’s Degree or equivalent experience

Tools

Microsoft Excel

Job description

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

Primary Function

The Bankruptcy Case Manager III must be organized and detail-oriented to handle complex bankruptcy accounts or an increased caseload and has mastered all bankruptcy processes with an ability to audit these processes and provide process guidance to less seasoned BCM. Through analysis, review, and referral, accounts will be statused and monitored to ensure maximum recovery within the parameters of the bankruptcy case.

Principal Duties

• Ability to take more complex bankruptcy accounts or handle increased caseloads.
• Receive, update and review bankruptcy information daily.
• Research accounts using PACER (bankruptcy database), AIS, trustee sites and other outside systems as well as internal systems.
• Prepare and file Transfers of Claim with the bankruptcy courts by scheduled deadline.
• Ensure that pre-and post-petition payment tracking is set up correctly in the ILS system.
• Receive and document all systems as to any bankruptcy correspondence received pertaining to the collateral.
• Monitor accounts for payments in accordance with the bankruptcy plan to include trustee and post-petition payments.
• Contact trustee, debtor’s attorney, or debtor (when appropriate) to facilitate timely pre and post-petition payments.
• Identify any issues that qualify for any legal action to include plan objections, claim objections, motions for relief and adversaries.
• Work closely with the Bankruptcy Litigation and Foreclosure and Loss Mitigation teams to ensure proper treatment of our account in the bankruptcy case.
• Perform discharge reviews to determine any lien release requirements, accounting adjustments, and/or collection restrictions that are appropriate post-bankruptcy.
• Assist on any special projects assigned by management.
• Create selected complex court documents using ILS and/or court fill-in documents by scheduled deadline providing control and quality over a process area.
• Perform quality audits on Selected Bankruptcy Processes providing feedback on errors to management and guidance on correction to BCMs.
• Performs related duties as assigned by supervisor.

Education And Experience Requirements

• Bachelor’s Degree preferred or extensive industry and related experience.
• 5+ years of experience in Mortgage bankruptcy.

Knowledge, Skill and Ability Requirements

• Excellent verbal and written communication skills.
• Ability to multi-task in an environment of frequently changing priorities by maintaining a daily work list in addition to special projects.
• Excellent work ethic and exceptional attention to detail.
• Excellent computer and internet skills.
• Intermediate Microsoft Excel skills.

Additional Information

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits

We offer benefits, programs, and perks that support you in every aspect of your life.

• Medical, dental, and vision insurance
• Health Savings Account with employer contribution
• 401(k) Retirement plan with employer match
• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave
• Adoption Assistance
• Tuition & Certification reimbursement
• Employee Mortgage Loan Program
• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW

Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.

• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)
• Matching Gifts Program - dollar-for-dollar up to $1,000
• Access to grants, nonprofit resources, and volunteer opportunities
• More than $6,000,000 donated since 2020
• 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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