National Bankruptcy Processor

Purpose The National Bankruptcy Processor is responsible for protecting the client’s interest by reviewing loans for possible legal action and taking all necessary actions to protect client’s interest without individual requests from the client. Specific Duties, Activities and Responsibilities Motions for Relief: Specialist will prepare referrals for Motions for Relief and assist firm with any figures and documents required to proceed with the necessary legal action. Specialist will be required to review delinquent accounts and case disposition to determine appropriate action to take. Accounts must be audited and a ledger must be prepared to ensure all funds were received and applied correctly. Loan must be reviewed until the Motion is resolved. If a Stipulation is negotiated, specialist will be required to monitor compliance with the Stipulation and refer additional legal action as necessary. Impediments: Specialist must review loans immediately upon receipt for any items needed to proceed with account adjustments or legal action. Specialist will refer to jurisdictional requirements to confirm what items are required to proceed with required legal action. Frequent follow up and escalation for impediments is required until resolution. Specialist will have to be comfortable reviewing prior servicer histories and escrow analyses. Title Review: Specialist must be able to review mortgages, assignments, notes and allonges and determine any missing gaps in the chain of title. ECF M