Retail Mortgage Collection Specialist

Position Summary

This position requires the specialist to make contact with delinquent borrowers by making daily collection calls, writing letters and/or sending emails in order to obtain the borrower’s current financial situation. Once their situation is known, the specialist will determine the appropriate remedy to bring their account current. These remedies include ACH payments, payment deferments, loan modifications, repossession, foreclosure, or litigation.

Duties & Responsibilities

• Review loan portfolios for past due accounts and other problems.
• Make collection calls and carefully document all customer conversations and repayment plans.
• Gather information from customers to identify possible workout situations.
• Collect and review necessary financial information from the borrower.
• Consider appropriate opportunities for deferments to bring customers current.
• Prepare loan modifications requests and present to Special Assets Manager for approval.
• Use Busey website for ACH payments as appropriate.
• Work towards exceeding all collection goals and objectives.
• Prepare and review various reports.
• Work with attorneys and other outside professionals, as needed.

Education & Experience

• Knowledge of strong oral and written communication skills.
• Ability to analyze and interpret numerical data.
• Implement new procedures and approaches to problems.
• Analyze and solve problems that require analysis based on precedent.
• Maintain visual attention and mental concentration for extended periods of time.
• Perform duties and make decisions under frequent time pressures.

Education and Training

• Requires High School diploma.
• Requires prior banking and collection experience.
• Requires knowledge of Microsoft Office.

Compensation & Benefits

• Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends.
• The role may be eligible for bonus or incentives based on company and individual performance.
• (Base Pay Range: $22 - $30/hour)

Benefits

• Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results.
• Your personal and professional well-being—now and in the years to come—are important to us.
• Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program.
• In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts.

EEO Statement

• Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent.
• A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence.

Unsolicited Resumes

• Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement").
• Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place.
• Any email or verbal contact with any Busey associate is inadequate to create a binding agreement.
• Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes.
• Busey respectfully requests no phone calls or emails.