Bankruptcy Officer II-Hybrid

Logix Federal Credit Union•Valencia, CA

2d•$28 - $42•Hybrid

About The Position

The Bankruptcy Officer II is responsible for providing the highest level of quality service to both members and co-workers. Under close supervision, duties relating to bankruptcies including all correspondence with courts, trustees, attorneys and members; tracking effected loans until discharge or dismissal and referring them to Loan Adjustors for future follow up, charge-off or continued collection efforts. Works with attorneys, schedule court dates and make appearances on behalf of the credit union for legal actions.

Requirements

4 Year / Bachelors Degree
Bachelors degree preferred.
2-4 years of experience
Experience in collections and repossession; using an on-line collections system and one year bankruptcy experience in a financial institution.
Must also possess a working knowledge of the legal aspects of collection, bankruptcy and repossession; knowledge of the laws and fundamentals of lending, plus loan collection concepts and practices; knowledge of the Fair Debt Collection Practices Act.
Must have working knowledge of the Microsoft suite of office products.
Use existing tools/processes to solve tasks/issues assigned to them.

Responsibilities

Update and log activity on accounts in bankruptcy through the delinquent loan recovery system.
Respond to attorney's requests for additional information on member accounts in bankruptcy.
Review and authorize payment for all bills relating to bankrupt legal activity.
Review and update delinquent recovery system on status of loans as it pertains to bankruptcy proceedings.
Request legal action and prepare forms required by attorney for legal referral as it pertains to bankruptcy proceedings.
Track loans involved in bankruptcies until discharged/dismissed and recommend either collection activity or charge-off and update in delinquent recovery system.
Reviews all accounts that have filed bankruptcy and recommends to Manager the appropriate action, which includes obtaining files, filing all claims, and coordinating with trustees.
Follow up bankruptcy notices with proper system coding and attempt to determine intentions for repayment from the attorney and/or member,
Verify accuracy of liens when reviewing bankruptcy filings.
Utilize Kelly Blue Book and Black Book to assist in determining collateral values when determining whether to object to offers of reaffirmation on vehicle loans.
Respond to telephone calls regarding inquiries when loans are in bankruptcy and /or have been discharged or dismissed.
Establish and maintain close follow up on those loans that are past due and submit for charge off as required.
Answer general collection questions from members and staff regarding loan payments.
Determine when to compromise and settle balances and when to refer loans for potential foreclosure or repossession proceedings.
Secure credit bureau reports as appropriate.
Work within their team and have a direct impact on themselves and their direct processes.