Highly Experienced Collector for Distressed Loans
5 days ago
Bank Five Nine is seeking a highly skilled and motivated Senior Retail Loan Collector to join our team.
Job Description:This role offers great growth potential for the well-qualified and driven individual.
In this position, you will be proactively reaching out to customers who are at risk of missing payments to help them arrange their loan or delinquent tax payments. You will be managing and working to resolve cases involving long-term delinquent or distressed loans, as well as negotiating high-risk accounts that are over 90 days past due, all while following set timelines and meeting regulatory and investor requirements.
You will also collaborate closely with the servicing team to address any service-related questions or issues that come up. This position does not focus on loss mitigation efforts.
Key Responsibilities:- Review daily delinquency reports and contact customers regarding payments
- Follow up on missed payment arrangements and other borrower commitments directly with the customer and document the communication.
- Analyze the extent of the potential loss created by the troubled loan, identify the problems and provide meaningful input into the plan for resolving the problems.
- Create and track standard repayment agreements while maintaining focus on directed calling campaigns and skip tracing events.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
Requirements:- Bachelor's Degree or equivalent experience.
- A minimum of 2 years' experience in collections.
We estimate the salary for this role to be around $70,000 - $100,000 per year, depending on experience and qualifications.
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