Default Loan Servicing Specialist - Bankruptcy

First American; Fort Mill (SC); On-site; USD 29,000 - 39,000; Full time

Job summary

First American in Fort Mill, SC is seeking a Bankruptcy Specialist to service mortgage accounts and ensure bankruptcy activities comply with state and federal laws and investor guidelines.

You will review files, manage proceedings with mortgagors, attorneys, and investors, monitor time frames, and follow up on all outstanding requests. The role requires 3+ years of related experience and a high school diploma. Proficiency with MSP/LoanSphere and MS Office is preferred.

Qualifications

• High School diploma or equivalent.
• Minimum 3+ years of bankruptcy-related experience.
• Strong knowledge of bankruptcy processes and timelines.
• Experience with GSE/government guidelines is preferred.
• MSP and LoanSphere experience preferred.

Responsibilities

• Service mortgage accounts in bankruptcy in compliance with laws and guidelines.
• Review files to ensure bankruptcy time frames are met.
• Manage bankruptcy proceedings with mortgagors, attorneys, investors, and trustees.
• Monitor bankruptcy records and system activities throughout the process.
• Follow up on outstanding requests from internal and external partners.
• Audit accounts for expense compliance and proper system entry.
• Research loans with questionable items and ensure proper handling.
• Maintain key controls through exception reporting to minimize risk.

Skills

Bankruptcy knowledge

Attention to detail

Verbal and written communication

GSE experience

Government experience

MSP experience

LoanSphere experience

MS Office usage

Education

High School diploma or equivalent

Tools

Windows OS

MS Word

MS Excel

MS Outlook

Internet

Job description

Who We Are

ServiceMac is a new sub-servicing entity backed by some of the leading practitioners of the mortgage servicing industry. ServiceMac is focused on providing superior technology, products, and services for the mortgage and real estate industries backed by highly personalized service and support. Through continuous innovation and acquisition, our offerings comprise of personalized solutions that span the mortgage continuum and enhance security, compliance, customer satisfaction, and profitability. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For® list for eleven consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all.

What We Do

Service mortgage accounts to ensure all bankruptcy and related default activities follow all state and federal laws. Perform a variety of bankruptcy tasks within timelines and workflow processes on files. Processes are managed in accordance with established work rules, goals & objectives to improve timeline and attorney performance.

Essential Functions

• Service mortgage accounts to ensure all bankruptcy activities are processed in compliance with all state and federal laws while maintaining compliance with Investor, Insurer, Agency, and company guidelines
• Conduct a complete review of files to ensure all bankruptcy time frames have been met
• Manage bankruptcy proceedings on assigned cases by interacting and instructing various parties such as mortgagors, attorneys, investors, insurers, trustees, appraisers, and any other party involved with bankruptcy
• Monitor activities by reviewing bankruptcy proceedings, records, and time frames, in addition to working all system/ database activities throughout the bankruptcy process
• Diligently follow up on all outstanding requests and telephone calls from internal and external partners
• Audit accounts for expense compliance and ensure proper application to system of record
• Perform required research on loans with questionable items such as the application of payments, proper notification, and any other situation that may arise
• Diligently follow up on all outstanding requests and telephone calls from internal and external partners
• Manage exception reporting used as key controls for minimizing risk

Knowledge and Skills/Technology Used

• Working knowledge of fundamental concepts, practices and procedures of bankruptcy
• Good verbal and written communication skills
• Extreme attention to detail and ability to adhere to strict guidelines and procedures
• GSE and Government experience preferred
• MSP and LoanSphere experience preferred
• Working knowledge of computer software programs to include Windows, Microsoft Word and Excel, Internet and Microsoft Outlook experience preferred

Typical Education

High School diploma or equivalent

Typical Range of Experience

3+ years of directly related experience

Pay Range

$21.24 - $28.30 Hourly

This hiring range is a reasonable estimate of the base pay range for this position at the time of posting. Pay is based on a number of factors which may include job-related knowledge, skills, experience, business requirements and geographic location.

What We Offer

By choice, we don't simply accept individuality - we embrace it, we support it, and we thrive on it! Our People First culture is inclusive for all employees - not just because it's the right thing to do, but because it's the key to our success. We are proud to foster an authentic and inclusive workplace For All. You are free and encouraged to bring your entire, unique self to work. First American is an equal opportunity employer in every sense of the term. Based on eligibility, First American offers a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave and other great benefits like an employee stock purchase plan. Our people are the foundation of First American's success and that is the reason we put them first. This philosophy has cultivated a culture of happy employees who are highly engaged, passionate about their work and leave each day feeling they have made a difference.

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