AltaOne Federal Credit Union is seeking a Loss Mitigation Specialist to help maintain a financially sound loan portfolio through early delinquency control. The role involves interviewing customers, counseling them on their financial obligations, and recommending actions for delinquent accounts.
Responsibilities
- Interview customers to determine reason for delinquency. Take appropriate action to resolve the account (could include loan modifications or loan workouts). Counsel customers concerning their financial obligations, advises of options and solicits agreement of payments
- Respond to customer inquiries by phone and in person (could include, but not limited to: requests to transport our collateral out of country, CPI claims, GAP and other dealer sold insurances, NADA values, address updates)
- Recommend further action as deemed necessary (i.e. repossession, legal action, foreclosure, referral to collection agency). Demonstrates judgment and discretion within the framework of all applicable regulations and policies
- Ensure customer files are kept updated and complete, and all required documents are filed (includes completion of adverse action forms)
- Monitor and process loan payoff information and provide this communication to dealerships, insurance companies and all appropriate parties in an accurate and timely manner
- Assist other departments and branches with transactions as needed. Provide support for the collections department and branch managers in fulfilling customer requests and merchant verifications
- Researches and analyzes data on past due loan accounts, non-sufficient return items and negative share balances, and claims of fraudulent account activity
- Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control
Skills
- Six months to two years of similar or related experience, including time spent in preparatory positions
- A high school degree or GED is required
- Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control
- Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs
- Sits more than 6 hours a day
- Must be capable of climbing / descending stairs in emergency situation
- Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator
- Must be able to routinely perform work on computer, sitting for an average of 6-8 hours per day, when necessary
- Must be able to work extended hours whenever required or requested by management
- Must be capable of regular, reliable and timely attendance
- Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team
- Must be able to read and carry out various written instructions and follow oral instructions
- Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics
- Must be able to speak clearly and deliver information in a logical and understandable sequence
- Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public
- Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace
- Must be able to effectively handle multiple, simultaneous, and changing priorities
- Must be capable of exercising highest level of discretion on both internal and external confidential matters
- Bilingual Preferred (English/Spanish)
Company Overview
AltaOne Federal Credit Union offers financial services, loans and support both for member businesses and individuals. It was founded in 1947, and is headquartered in Ridgecrest, California, USA, with a workforce of 201-500 employees. Its website is https://altaone.org/.
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