Collector

Job Description

Job Description

Salary : Position Purpose

Responsible for the control of late and / or delinquent loan accounts and pending late payment reminders. Make follow up telephone calls on delinquent loan accounts and maintain accurate records on delinquent loan accounts. Optimize collections on accounts while balancing the goodwill of members with the overall business interests of the credit union. Make the most of each contact by finding ways to resolve member issues and upsell credit union products. Look for ways to solve member issues in the long term and not just seek the short-term solution. Make recommendations on actions that should be taken if loan collateral is in jeopardy and recommend accounts that need to be sent to the attorney, reporting to the supervisor.

Essential Job Duties and Responsibilities

Monitor payments for late and / or delinquency status. Follow up on delinquent, high balance,

and overdue credit balance accounts by phone and / or letter. Ensure professional interactions with members.

Respond to telephone calls regarding payment notices and delinquent accounts.

Contact high balance and / or delinquent members by telephone and mail to identify the

reasons for balance or delinquency, and assist them in developing plans to bring accounts to a current

status. Develop workout plans and collect overdue accounts wherever possible.

Contact co-signers and references regarding status of delinquent accounts.

Maintain a detailed written record of all communications made regarding delinquency.

Update files and system accounts via the credit unions delinquent loan recovery system.

Secure credit bureau reports. Skip trace on loan accounts. Maintain accurate data for

repossession log, bankruptcy files, charge-off list, etc.

Research payroll deductions, stops, starts, and changes as they may affect the status of a loan repayment.

Assist members with delinquent real-estate loans to resolve delinquency.

Determine when to compromise and settle balances and when to initiate foreclosure or

repossession proceedings.

Determine when loan collateral should be repossessed, and serve as liaison with attorneys or

agencies in handling repossession of collateral.

File all claims, attend hearings, and coordinate with trustees for all bankruptcy filings. Follow all procedures in relation to bankrupt accounts.

Investigate and correct discrepancies in loan applications.

Prepare information needed or required by collection agency, and post receipts from collection agency. Correspond with attorneys regarding accounts that have been sent out for legal.

Complete all necessary reports.

Recommend loans and share for charge-off and charge-off according to CU policy.

Track property taxes due on mortgages and contact members to ensure property taxes are paid current.

All other duties as assigned.

We think Public Service Credit Union is an awesome place to work! As Fort Waynes oldest credit union, we have a long history and love for serving the Fort Wayne community!

Employee benefits

Medical, Dental and Vision insurance

Group life insurance

401(k) with employer match

Paid time off and paid holidays

Staff celebration, rewards, and incentives

Career development & more