Opportunity Description
Primary Location: Grand Rapids, Michigan | Employee Status: Full-Time | Workplace Type: Fully On-Site
About this position
Lake Michigan Credit Union (LMCU) is looking for a Repossession Specialist who will be responsible for preserving the Credit Union’s assets by controlling delinquent loan accounts, collecting delinquent loan payments and/or recovering collateral.
What you’ll do
- Contact delinquent accounts by phone and mail; take appropriate action to bring current or seize LMCU collateral.
- Analyze the financial situation of delinquent borrowers and value the collateral in which LMCU holds a secured interest.
- Provide recommendations to management for either a loan work‑out with members or repossession of collateral.
- Attend auctions as needed to ensure LMCU is getting the most value on all repossessed collateral and maintain accurate reports showing all existing LMCU collateral with proper PVGL amounts.
- Inf...
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