Collections Specialist 1 Legal
Collections Specialist 1 Legal
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Salary Not Disclosed
1 Vacancy
Job Description
About MTC Federal Credit Union: At MTC Federal Credit Union we are dedicated to providing exceptional financial services to our members. Our mission is to enhance the financial wellbeing of our community through innovative solutions and personalized service. We are looking for a passionate and dedicated Collections Specialist 1 Legal to join our team and help us achieve our goals.
Role Overview: As a Collections Specialist 1 Legal you will play a crucial role in preserving the assets of MTC Federal Credit Union by controlling delinquent accounts collecting delinquent loan payments and counseling members. You will utilize all available resources to reduce delinquencies and prevent chargeoffs repossessions and foreclosures. Under general supervision you will contact holders of delinquent loans to resolve their status and prepare regular reports and summaries of delinquent account activity.
Key Responsibilities:
Compliance: Ensure adherence to all laws statutes rules and regulations governing credit unions including the Bank Secrecy Act US Patriot Act and Fair Debt Collections Practices Act.
Member Interaction: Contact delinquent accounts by phone and mail advise and counsel members on necessary actions and strategies for debt repayment and help create custom payment plans.
Financial Analysis: Analyze the financial situation of delinquent borrowers and make recommendations for repossession or legal submission when necessary.
Record Keeping: Maintain accurate files and reports on all collections activity including payments received on pastdue accounts and tracking open legal cases.
Correspondence: Prepare necessary correspondence for delinquent accounts requiring special handling.
Continuous Learning: Stay current on collection process knowledge and trends in loan underwriting and complete ongoing education and compliance training.
Collaboration: Work with internal members to provide the highest levels of member service and demonstrate enthusiastic support of the corporate mission vision core values and brand.
Why Join MTC Federal Credit Union
Impact: Make a difference in the financial wellbeing of our members.
Growth: Opportunities for professional development and career advancement.
Community: Be part of a supportive and collaborative team.
If you are passionate about helping others and have the skills and experience we are looking for we encourage you to apply for the Collections Specialist 1 Legal position at MTC Federal Credit Union. Join us in making a positive impact on our community!
Experience: One to three years of similar or related experience.
Education: A twoyear college degree completion of a specialized certification or licensing specialized training courses conducted by vendors or jobspecific skills acquired through an apprenticeship program.
Required Experience:
Unclear Seniority
Employment Type
Full Time
