Marine Credit Union · 13 hours ago
Loss Mitigation Specialist
La Crosse-Onalaska Area
Full-time
Onsite
New Grad, Entry LevelMarine Credit Union is seeking a Loss Mitigation Specialist to support the Loss Mitigation Department functions. The role involves performing tasks related to collections, generating and analyzing reports, and ensuring compliance with policies and regulations.
Financial Services
Responsibilities
Establish positive, productive, professional relationships with department teammates
Support collection activities with knowledge and process in assigned areas of specialty, including Bankruptcy, Foreclosure, Replevin Judgments and Repossession, Money Judgments and Garnishment, Preparation, listing & sale of Other Real Estate Owned (OREO), Loan Modification and TDR
Perform tasks related to the above areas as assigned
Send collection letters as requested, ensuring compliance and accuracy of all communication
Generate, analyze, and organize reports as requested on foreclosures, OREO properties, repossessions, loan charge off activity and others as required
Reconcile and balance monthly foreclosure and OREO GL transactions
Monitor reports to ensure loan collection techniques and risk mitigation efforts are effective and meeting standard
Review and process loan charge off requests as assigned
Perform skip trace searches as needed
Process requests for various Loss Mitigation functions
Review loan modification and mortgage foreclosure requests, gather additional documentation as requested, provide recommendations
Ensure data quality by updating system information in a timely and accurate manner
Engage in other tasks and projects as requested
Qualification
Required
High School Diploma or equivalent required
High level of experience and knowledge in multiple areas of collections and loss mitigation such as Bankruptcy, Foreclosure, Repossession, and Modifications
Knowledge of collection processes and familiarity with regulations impacting collection practices
Knowledge of effective collections practices and loan delinquency management
High attention to detail
Above average verbal and written communication skills
Strong planning, organization, and implementation skills
Strong problem-solving skills
Knowledge of lending and underwriting to align with Marine Credit Union lending and collections practices
Above average computer skills, including MS-Office and loan origination software
Collections and delinquency management experience, including judgment and garnishment
Experience working in a process-oriented environment with importance placed on attention to detail
A record of success in meeting set, external goals
Long periods of sitting, talking, and listening are required
Use of a motor vehicle
Lifting 15 pounds
Use of a computer and a telephone are also required
Preferred
College Degree in Business Administration, Marketing, Sales or Finance desired
Previous Consumer and/or Real Estate Lending experience preferred
Company
Marine Credit Union
Marine Credit Union is built on the strong belief that members are more than a credit score and committed to providing financial services.
Founded in 1949
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Darrick Weeks
President/ CEO
Joe Liethen CPA
Chief Financial Officer
Recent News
2022-08-24
American Banker
2022-01-13
2022-01-10
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