Bankruptcy Specialist

Job Description

Job Description

About this opportunity

The Bankruptcy Specialist is responsible for the day-to-day administration and processing of mortgage servicing bankruptcy cases. This position manages a portfolio of Chapter 7, Chapter 11, Chapter 12, and Chapter 13 accounts, ensuring compliance with bankruptcy court requirements, investor guidelines, and mortgage servicing regulations.

The Bankruptcy Specialist performs case review, proof of claim preparation and filing, bankruptcy payment monitoring, plan review, discharge processing, and communication with attorneys, trustees, borrowers, and internal business partners. This role is hands-on and focused on ensuring all bankruptcy activities are completed accurately, timely, and in compliance with applicable regulations and investor requirements.

Key Responsibilities Bankruptcy Case Administration

Administer and process:

· Chapter 7 bankruptcy cases

· Chapter 11 bankruptcy cases

· Chapter 12 bankruptcy cases

· Chapter 13 bankruptcy cases

· Bankruptcy payment processing

· Post-petition payment monitoring

· Proof of Claim preparation and filing

· Plan review and analysis

· Discharge processing

· Reaffirmation agreement review

· Motion and pleading review

· Bankruptcy litigation support activities

Operational Responsibilities

· Review and board new bankruptcy filings upon receipt.

· Maintain accurate bankruptcy records within servicing systems.

· Prepare, file, and monitor Proofs of Claim.

· Review Chapter 13 plans and modifications for accuracy and investor compliance.

· Monitor trustee payments and apply bankruptcy-related transactions correctly.

· Track critical bankruptcy deadlines and ensure timely completion of required actions.

· Review bankruptcy notices, motions, objections, and other court documents.

· Coordinate with internal departments regarding loan status changes resulting from bankruptcy proceedings.

· Process loan treatment following dismissals, discharges, conversions, and case closings.

· Maintain documentation supporting bankruptcy activity and servicing decisions.

· Respond to bankruptcy-related inquiries from borrowers, trustees, attorneys, and internal stakeholders.

Case Monitoring and Payment Application

· Monitor Chapter 13 trustee payments and repayment plan performance.

· Review post-petition payment activity and identify delinquencies.

· Process repayment plan changes and modifications.

· Track cure payments and account reconciliations.

· Ensure bankruptcy transactions are accurately reflected within servicing systems.

· Identify and escalate servicing issues that may impact bankruptcy compliance.

Compliance Responsibilities

Ensure activities comply with:

· U.S. Bankruptcy Code

· Federal Rules of Bankruptcy Procedure

· CFPB Mortgage Servicing Rules

· RESPA (Regulation X)

· FDCPA

· Fair Credit Reporting Act (FCRA)

· Servicemembers Civil Relief Act (SCRA)

· FHA servicing requirements

· VA servicing requirements

· USDA servicing requirements

· Fannie Mae Servicing Guide

· Freddie Mac Seller/Servicer Guide

· Ginnie Mae requirements

· Applicable state and federal laws

Additional Compliance Duties

· Maintain compliance with court timelines and filing requirements.

· Escalate potential compliance concerns to management.

· Assist with audit and examination requests by gathering documentation and responding to inquiries.

· Participate in implementation of regulatory or investor guideline changes.

Cross-Functional Collaboration

Work closely with:

· Foreclosure

· Loss Mitigation

· Customer Service

· Collections

· Legal Department

· Compliance Department

· Investor Reporting

· Subservicers

Responsibilities include:

· Coordinating foreclosure holds and stay-related activities.

· Supporting loss mitigation efforts involving active bankruptcies.

· Assisting with servicing transfers involving bankruptcy accounts.

Providing case status updates and supporting documentation as needed

Location and Schedule

• This is a full-time, office-based position in a modern, cozy environment in our Troy, MI office.

• Our standard working hours are Monday to Friday, 9:00 AM to 6:00 PM, promoting a healthy work-life balance.

Skills & Qualifications Education

High School Diploma or GED required.

Associate's or Bachelor's Degree in Business, Finance, Legal Studies, or a related field preferred.

Experience

· 2-5 years of mortgage servicing bankruptcy experience preferred.

· Experience administering Chapter 7 and Chapter 13 bankruptcies.

· Experience preparing and filing Proofs of Claim.

· Knowledge of bankruptcy payment processing and plan monitoring.

· Familiarity with bankruptcy court documents and procedures.

· Experience working within mortgage servicing platforms.

Knowledge, Skills, and AbilitiesTechnical Knowledge

· Mortgage servicing operations

· Bankruptcy case administration

· Bankruptcy court procedures

· Investor bankruptcy requirements

· Mortgage servicing systems

· Document management systems

Analytical Skills

· Attention to detail

· Transaction research

· Account reconciliation

· Compliance review

· Problem solving

Communication Skills

· Professional communication with attorneys and trustees

· Written correspondence

· Internal case documentation

· Customer and stakeholder support

What We Offer | Career and Culture

• Company Culture: Inclusive, supportive company culture where you are not a number, but a voice that's heard and brings value.

• Growth Path: Defined paid training and clear pathways for career development.

• Benefits: Comprehensive benefits package including PTO, sick days, paid volunteer hours, medical, dental, vision insurance, and 401(k).

  Take the first step towards a rewarding career in the mortgage industry with AD Mortgage.

  Our Recruitment team will reach out to you shortly!

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We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.