Legal Recovery & Repossession Specialist
Location:
Las Vegas, NV
Description:
Legal Recovery & Repossession Specialist Full Time (40 Hours) Monday - Friday - 8 am-5 pm (Rotating Saturdays) Cimarron 8275 W Flamingo RD Las Vegas NV 89147 PURPOSE: The primary purpose of this position is to assist Silver State Schools Credit Union to live out its Mission, "Excellent Member Service and Financial Solutions - For Life," while "Placing People over Profit" and providing outstanding service to both external and internal members. • To deliver service in alignment with our Service Commitments:• I will earn respect and build trust by acting with integrity in every situation. • I will understand my role in supporting the team to achieve our purpose.• I will focus on people over products and build lasting relationships.• I will take ownership and accept responsibility.• I will treat my coworkers with the same high standards as I treat my member.• I will continuously look for ways to improve myself, my credit union, and my community.• I will accept there is no "they." We are one working toward the same mission.• I will commit to the core values.• Meet all established service goals. SUMMARY: As a Legal Recovery & Repossession Specialist the main objective is to minimize, reduce and eliminate company losses. This position is responsible for providing support and assistance to the Credit Resolutions Department and Manager. Handles all aspects of loss recovery, while using negotiation skills to obtain loan and share pay offs, post charge off pay offs settlements, skip locate, small claims and civil litigation collecting, vehicle repossessions and remarketing. Works to ensure the credit union minimizes losses onrecovered vehicles and maximize the recovery on post-charge off loans. Evaluates market conditions and recommends changes to write down procedures when necessary. ESSENTIAL DUTIES AND RESPONSIBILITIES: include the following but are not limited to. Other duties may be assigned as needed.• Maintain phone and all other member communication availability consistent with credit resolution expectation and process; availability should be as such where abandoned or refused calls are minimal• Abide by Credit Resolution phone etiquette and monitoring expectation • Collect on all active loans, charged off loans, negative shares and charged off negative shares• Works toward prompt recovery through negotiations with attorney and/or through civil/small claims court or replevin to obtain a court ordered judgment• Directs legal counsel in court complaints and post judgment actions including garnishments, supplemental orders and execution• Directs and assists legal counsel in court proceedings. Appears in court in a professional manner as necessary• Handles and oversees all legal proceedings• Monitors all attorney accounts to insure documents and legal proceedings are filed and followed up by legal counsel in a timely manner• Bankruptcy & Litigation knowledge and experience• Loss Mitigation knowledge and experience• Monitors loans to insure there is sufficient leverage to protect all loan products and the Credit Union's best interest• Performs recovery collections efforts in accordance with Credit Union policies and procedures and ensures they are legally compliant• Works towards prompt recovery of charged off accounts through negotiation or settlement• Maintain monthly charge off recovery balance sheet and submit to leadership monthly• Validate proper payment application with the Loan Servicing Department and that the correct GL's have been utilized• Knowledge of federal and state collection laws• Negotiate and entertain best settlement and payment plans that will bring the credit union the most receivables• Monitor status and follow up on all monthly repayment plans• Responsible for meeting departmental production, quality, efficiency, and time-driven goals • Attend all SSSCU judicial, small claims and legal court hearings• Complete post judgment collections by way of bank levy, writ of execution, property and personal lien filing and all other post judgment collection methods• Organize and keep management abreast of all hearing by way of electronic calendar tracking • Maintain electronic chronological records of facts, information developed/taken and ensure all retention of related records as required per the Credit Resolution expectation as it pertains to this role• Provide financial counseling and assistance to members experiencing financial difficulties• Keep all pertinent information regarding repossession recovery and legal cases saved electronically - hard copies to be saved if a regulatory requirement• Work and collect on all repossession and charged off queues• Skip trace on all members where the credit union does not have the most up to date information • Follow up on all insurance claims as it relates to repossessions and charged off loans• Assign loans for repossession • Repossession rehabilitation and remarketing as it pertains to the Credit Resolutions expectation as it relates to this role• Ascertain what loans could bring the credit union a return by utilizing the legal process • Advise members of alternative means to work out deficient loan balances. Schedule recovery agents to secure automobiles, assist with any skip tracing.• Accurately track repossessions to ensure that members are provided all required legal notices, remedies, and options electronically• Satisfy all liens when required.• Coordinate and communicate with recovery agents to secure the credit union's collateral.• Partner with all 3rd party agencies monitoring monthly payment collections, payment plans, reporting and best practice• Make sound recommendations to management on expenses that may be necessary to optimize the sale price prior to liquidation.• Cost and fees - reviewing and reconciling fees and costs associated with all legal, skip tracing, repossession, and remarketing costs. A schedule of costs should be saved in the Credit Resolutions procedure and expectation as it relates to this role • Investigate and manage services providers to ensure that they are properly licensed, bonded and/or insured to perform required tasks. Establish a reasonable valuation for collateral and assign to the appropriate channel to liquidate.• Determine potential losses, prepare a summary of the potential loss, update Leadership Team monthly.• QC all requests for payment by service providers confirm actual work is to be completed/being completed and complete with the necessary information from which to pay outstanding invoices in a timely manner.• Report to the Credit Resolutions Manager in a timely manner, all activities as it relates to auto repossessions and recoveries. Recommends and preparesreinstatement requests on a case-by-case basis.• Cross train in additional collection specialty areas, i.e., Foreclosure specialist and Bankruptcy specialist duties• Maintain, review, update and create departmental procedures as they relate to this role• Maintain a monthly excel balance sheet with daily/monthly/YTD payment totals calculated• Perform related and unrelated duties as required; other job responsibilities requested by management may be assigned • Other duties as assigned by Management. EDUCATION and/or EXPERIENCE: • High school diploma. Additional business training is strongly preferred.• Three to four years of collections experience with a full-service financial institution• High-level knowledge of automobile and real estate lending preferred• Collection Certification is strongly preferred *ONLY FULLY COMPLETED APPLICATIONS WILL BE CONSIDERED***SEE RESUME ON APPLICATIONS WILL NOT BE CONSIDERED**SILVER STATE SCHOOLS CREDIT UNION IS AN EQUAL OPPORTUNITY EMPLOYER (EOE)DRUG-FREE WORKPLACE
Company:
Silver State Schools Credit Union
Industry:
Legal
Posted:
April 15 on ApplicantPro, TalentPlusHire
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More About this Listing: Legal Recovery & Repossession Specialist
Legal Recovery & Repossession Specialist is a Jobs Legal Recovery Repossession Job at Silver State Schools Credit Union located in Las Vegas NV. Find other listings like Legal Recovery & Repossession Specialist by searching Oodle for Jobs Legal Recovery Repossession Jobs.
Legal Recovery & Repossession Specialist is a Jobs Legal Recovery Repossession Job at Silver State Schools Credit Union located in Las Vegas NV. Find other listings like Legal Recovery & Repossession Specialist by searching Oodle for Jobs Legal Recovery Repossession Jobs.