Job Details

Legal Staff Paralegal in Southington, CT

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Company name

Webster Financial Corporation

Organization Type


Job Type

Legal Staff

Practice Area


Years of Experience

2-4 yrs required


Southington, CT

Date Last Verified

Jan 24,2018

Posted on

Jan 02,2018

16 hits


Bankruptcy Specialist The candidate will manage a portfolio of consumer Bankruptcy loans, taking timely and appropriate actions in accordance with Bank policy and procedure and Investor/Insurer Guidelines, as applicable. Will file timely, accurate Proofs of Claim, monitor payments and case activity, consulting with assigned counsel as necessary to protect the interest of the Bank. Monitor daily Service of Process activity for bankruptcy related notices. Promptly code loans on ALS, MSP and PM, as bankruptcy milestones occur. Strategically action Chapter 7, 11, 12 and 13 accounts in accordance with federal and state law, bank policy and investor/insurer guidelines as appropriate. Ensure Investor and Insurer delinquency reporting. Ensure accurate and timely Credit Bureau Reporting for loans in bankruptcy. Assign legal counsel as required by investor, insurer or bank policy. Provide accurate data and ensure timely filing of Proofs of Claims, Motions for Relief or other filings necessary to protect the Bank's asset. Prepare accurate and timely communications to the borrower, debtor's counsel and the bankruptcy court as required by internal policy and procedure, regulation and/ or Investor and Insurer guidelines. Monitor proposed debtor plans, ensuring that tour debt is accurately reflected and that the system of record is updated as appropriate. Where applicable, make accurate and timely recommendations for changes to the accrual, charge off or Troubled Debt Restructure status of the loans. Manage documentation to ensure files are properly organized and scanned to ONBASE for long term retention following applicable milestones in the bankruptcy process. Prepare documents for periodic audits, exams or reviews by internal of external parties. Assist R & R Operations Manager with other projects and initiatives as required. Should preferably have 2-4 years of related experience working with bankruptcy cases. Prior experience as in Consumer Collections, Loss Mitigation or as a Legal Specialist/Paralegal preferred. Experience with the ALS and or MSP core lending applications and the Black Knight Loan Sphere (aka Process Management) system preferred. Will consider other experience through which knowledge of GSE and Insurer guidelines, bankruptcy/foreclosure rules was gained. Must have knowledge of consumer loan default servicing activities. Should have knowledge of federal rules, varying practices by jurisdiction, Investor and Insurer guidelines for loans in bankruptcy. Excellent written and verbal communication skills are required. Must have proficiency working with numbers and detailed documentation. Must be PC and Microsoft Office proficient.

Additional info

Requisition : 17-2091

Company info

Hiring Coordinator
Webster Financial Corporation
359 Queen St
Southington, CT 06489