Repossession Specialist
Lake Michigan Credit Union
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- Location
- Grand Rapids, MI
- Work style
- On-site
- Job type
- Full time
- Posted
- Oct 7
- 12 days ago
Career path
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About the company
Lake Michigan Credit Union
Banking · 1,001 to 5,000 employees
At LMCU, you'll find more than just a job - discover a fulfilling career where your contributions truly matter. Join our talented team at Lake Michigan Credit Union and discover the difference an employer who puts people first can make in your career and life.
What you'll do
- Contacts delinquent borrowers, collects payments, evaluates borrowers’ finances and collateral, and recommends loan workouts or repossession.
- Attends auctions, tracks collateral values, and informs management of underwriting trends.
What you need
- Requires two years of similar or related experience and prior credit union experience.
- Excellent written and verbal communication skills are required; bilingual Spanish is preferred.
Key skills
written communicationverbal communicationBilingual in Spanish
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Perks
- retirement savings options
- medical
- dental
- vision
- HSA match
- paid parental leave
- tuition reimbursement
See full description on company page, apply now
Read the full posting here
Primary Location: Grand Rapids, Michigan
Employee Status: Full-Time
Workplace Type: Fully On-Site
Who we are:
At LMCU, you'll find more than just a job - discover a fulfilling career where your contributions truly matter. Join our talented team at Lake Michigan Credit Union and discover the difference an employer who puts people first can make in your career and life.
About this position:
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.
What you’ll do:
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.
What You’ll Bring: You’ll like this position if you are...
Two years of similar or related experience.
Prior experience working for a credit union.
Excellent written and verbal communication skills.
Bilingual in Spanish preferred.
What you’ll get:
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@lmcu.org .
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 49501-2848.
LMCU is an Equal Opportunity Employer