Job Description

Job Category: Residential Servicing
:
POSITION SUMMARY:
As a Bankruptcy Specialist, you will manage loans in active bankruptcy status, ensuring accuracy, compliance, and timely execution of all related processes. Key responsibilities include reviewing and updating bankruptcy records, preparing legal documents, reconciling account ledgers, and ensuring adherence to bankruptcy plans and service-level agreements (SLAs). This role requires strong expertise in bankruptcy payment application and a comprehensive understanding of the bankruptcy life cycle. You will report directly to the Bankruptcy Team Lead and collaborate with colleagues across all levels of the organization. Your attention to detail and subject-matter knowledge will be critical in safeguarding the integrity and accuracy of bankruptcy accounts.
JOB FUNCTION AND RESPONSIBILITIES:

• Accurately prepare account ledgers for bankruptcy accounts, ensuring all payments are applied per the BK plan and comply with strict deadlines to meet SLAs.
• Receive and update bankruptcy information daily.
• Prepare and file Proofs of Claim with bankruptcy courts by scheduled deadlines.
• Prepare Notices of Final Cure with bankruptcy courts by schedules deadlines.
• Document all bankruptcy accounts accurately per policy and procedures.
• Work closely with bankruptcy counsel, litigation counsel, and foreclosure teams for proper account treatment.
• Complete the assigned bankruptcy activities to ensure all accounts are handled properly.
• Ensure all bankruptcy procedures and documentation adhere to relevant legal and regulatory requirements.
• Ensure department and company goals and standards are achieved.
• Maintain a high level of customer service and communication with other departments.
• Identify, analyze, and resolve issues related to bankruptcy accounts promptly and effectively, utilizing strong problem-solving skills.
• Assist in training junior team members on bankruptcy processes and best practices, fostering a collaborative and knowledgeable team environment.
• Continuously seek opportunities to enhance bankruptcy procedures and workflows, contributing to the overall efficiency and effectiveness of the team.
• Perform closing reviews per requirements and complete account adjustments as needed.
• Perform other duties as assigned.

QUALIFICATION:

• Understanding of bankruptcy procedures is essential.
• Prior experience with bankruptcy payment application and preparing account ledgers for bankruptcy accounts is preferred.
• Ability to analyze large amounts of data from diverse sources daily to deliver recommendations and results.
• Ability to prioritize tasks effectively.
• Ability to focus on short and long-term plans and goals.
• Negotiation skills are a plus.
• Skilled at identifying and recommending solutions.
• Ability to work independently.
• Strong verbal and written communication skills.
• Ability to adapt quickly to unstructured and ambiguous situations.
• Detail-oriented and able to see the big picture.

WORK SCHEDULE OR TRAVEL REQUIREMENTS:
India Night Shift
About Us:
Ocwen Financial Solutions Private Limited is a wholly-owned subsidiary of Onity Group Inc., a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.
PHH Mortgage is one of the largest servicers in the United States, focused on delivering a variety of servicing and lending programs. Liberty is one of the largest reverse mortgage lenders in the U.S., dedicated to education and providing loans that help customers meet their personal and financial needs. Onity Group Inc. and its subsidiaries are committed to helping homeowners and delivering exceptional service and value to customers, clients and investors.
At Onity Group Inc., we consistently deliver on our commitments to customers, clients, investors and colleagues through caring service, integrity and creative solutions. This Service Excellence philosophy is embraced by meeting service standards we call CARE, which stands for Caring, Accurate, Responsive and Empowered. We expect all employees to interact and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our CARE standards.
Onity Group Inc. is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity, Equity & Inclusion ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know. Visit for details.

Skills Required