Repossession Specialist

Primary

Location:

Grand Rapids, Michigan

Employee Status:
Full-Time

Workplace Type:
Fully On-Site

LMCU is looking for a Repossession Specialist who will be responsible for preserving the Credit Union's assets by controlling delinquent loan accounts, collecting delinquent loan payments and/or recovering collateral.

• Contacts delinquent accounts by phone and mail; takes appropriate action to bring current or seize LMCU collateral.
• Analyzes financial situation of delinquent borrowers and values the collateral in which LMCU holds a secured interest. Provides recommendations to management for either Loan Work Out with Members or that collateral needs to be repossessed.
• Attends auctions as needed to ensure LMCU is getting the most value on all repossessed collateral and maintains accurate reports showing all existing LMCU collateral with proper PVGL amounts.
• Informs management of trends in loan underwriting contributing to delinquent/charged off loans.
• Ensures that LMCU is obtaining a minimum of 90% of all PVGL amounts for all repossessed collateral.

• Two years of similar or related experience.
• Prior experience working for a credit union.
• Excellent written and verbal communication skills.

• All Employees: weekly pay and retirement savings options.
• Full Time Employees: comprehensive health coverage including medical (with prescription), dental, vision, HSA match, paid parental leave, and tuition reimbursement.

To see a full list of our benefit offerings, check out this helpful guide!

Have additional questions about the role? Email the Talent Acquisition Team at:
Careers.

If you lack access to the internet or require an accommodation in the application process, please send your resume via mail to P.O. BOX 2848, Grand Rapids, MI .

LMCU is an Equal Opportunity Employer.