Asset Recovery and Portfolio Manager

22 hours ago


Rockville, Minnesota, United States Lafayette Federal Credit Union Full time

We are seeking a highly skilled Asset Recovery and Portfolio Manager to join our dynamic team at Lafayette Federal Credit Union.

About Us

Lafayette Federal Credit Union is a leading financial institution in the Washington Metropolitan area, committed to serving our members with excellence. Our organization values diversity, inclusion, and community involvement, providing a unique work environment that fosters growth and development.

Job Summary

The Asset Recovery and Portfolio Manager will be responsible for monitoring loans in default, rehabilitating and selling credit union owned assets, and managing the process of loan extensions, modifications, and foreclosures. This role requires strong analytical and problem-solving skills, with attention to detail and excellent communication abilities.

Responsibilities
  • Manage the disposal of credit union owned assets, including rehabilitations, management, and resale of vehicles.
  • Assign accounts to foreclosure attorneys and repossession companies, documenting secured assets and completed foreclosures.
  • Process mortgage reinstatements and vehicle redemptions in accordance with federal and state guidelines.
  • Troubleshoot and resolve member inquiries in a timely and professional manner.
Requirements

To be successful in this role, you will need:

  • A high school diploma or equivalent, with a minimum of 3 years of experience in asset recovery or a related field.
  • Excellent analytical and problem-solving skills, with attention to detail and strong communication abilities.
  • Experience with consumer and mortgage asset recovery, with knowledge of federal and state regulations.
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