Asset Recovery Specialist

Responsibilities

• Performs essential duties and responsibilities in the following areas which may include but are not limited to those listed and are subject to change.
• Adheres to the Credit Union's core values and Service Standards in conducting GreenState's mission and vision.
• Demonstrates a positive member service (internal and external) focus at all times.
• Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities.
• Safeguards confidentiality of member information.
• Supports a diverse and inclusive work environment.
• Reviews daily delinquency, repossession, recovery, deceased and loss mitigation queues.
• Completes all necessary follow-ups on accounts via telephone, electronic, and written correspondence.
• Contacts co-makers, co-borrowers and guarantors.
• Makes collection contacts to legal and/or recovery accounts as well as accounts where member is deceased and performs and tasks or duties to aid in collection of past due, charged off or overdrawn accounts.
• Makes determinations on Cease-and-Desist accounts.
• Completes loss mitigation reviews, including but not limited to gathering necessary documents and information from members to complete a full analysis.
• Orders property valuation and title search.
• Underwrites borrower’s income through review or applicable documentation.
• Completes all due diligence and follows up with members to get loan modifications agreements signed and closed.
• Works cooperatively with Collections Supervisor and SVP/Collections & Recoveries on loss mitigation reviews outside of delegated authority.
• Completes recommendation for charge off or foreclosure to Collections Supervisor including detailed analysis completed for the recommendation.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our legal department. And recommendation for charge off once assets are recovered and remarketed or efforts have been exhausted.
• Makes decisions on and possesses the approval authority to negotiate settlements within delegated operational areas and manages post charge-off recovery.
• Prepares and submits required information for short sale, abandonment, and settlement requests which are outside delegated authority limits.
• Represents the credit union as a witness in litigation proceedings on externally placed legal accounts, which may require travel.
• Refers members to financial counseling when necessary.
• Handles all matters regarding asset recovery including, but not limited to, determination of cost effectiveness within delegation of authority. Approval, assignment and monitoring of repossession in a timely manner. Recommendation and coordination of replevin action with our