Consumer Loan Collection/Recovery Rep. jobs in Lowell, MA

Consumer Loan Collection/Recovery Rep. is responsible for contacting "bad debt" customers to collect payments and settle accounts. Initiates account settlements pre-approved by a supervisor. Being a Consumer Loan Collection/Recovery Rep. requires a high school diploma or its equivalent. Typically reports to a supervisor. The Consumer Loan Collection/Recovery Rep. may require 0-1 year of general work experience. Possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. (Copyright 2024 Salary.com)

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Loan Servicing Rep
  • JEANNE DARC CREDIT UNION
  • Lowell, MA OTHER
  • Job Details

    Job Location:    Headquarters - Lowell, MA
    Position Type:    Full Time
    Salary Range:    $17.15 - $25.73 Hourly

    Description

    Jeanne D'Arc Credit Union offers competitive wages, excellent benefits, a pleasant working environment, and the opportunity for career growth and advancement. We count on our valued workforce to be professional, provide exceptional member service, and help our members make smart financial choices.

    Come join our team as aLoan Servicing Representative, where under the direction of the Loan Servicing Officer, you will demonstrate a broad knowledge of loan products, collateral types, borrowing entities, and loan servicing activities and is able to perform various duties related to the ongoing servicing and maintenance of all loan products. Quality of the work produced and level of productivity is within the acceptable range for the department and corresponds to the level of experience; adheres to established policies and procedures. Supports the Credit Unions’ Core Value and Ultimate Goal and the departments focus on service, quality, efficiency, and teamwork.

    ESSENTIAL DUTIES AND RESPONSIBILITIES

    • Assist with the timely perfection, renewal, and release of various collateral, including, but not limited to, titled vehicles, UCC-1 financing statements, mortgage security agreements, assignments of lease and rents. Maintain exception reports, VINTEK system, and Miser system for monitoring, record-keeping, and audit purposes.
    • Prepare discharges of real estate collateral on all real estate loans that have been paid in full so that our security interest in the property is released. Prepare subordination documentation in order to maintain our lien position in pledged collateral.
    • Process payments of flood insurance, vehicle insurance, real estate property insurance, and private mortgage insurance; work with third-party vendors to coordinate renewal, cancellation, and force placement of insurance; maintain flood insurance records to ensure compliance with the requirements of the Flood Disaster Protect in Act.
    • Perform new indirect auto loan activities, including set up of new accounts on the miser system, review of required documentation for completeness, reconcile and process new loan funds, and submit dealer invoices for early payoff rebates.
    • Set up and maintain Miser loan data information in accordance with appropriate new loan modification, loan workout, renewal, or charge-off documentation; prepare necessary modification documentation in accordance with approved modification requirements.
    • Perform the review of new loans to ensure appropriate documentation has been obtained and that the loan has been correctly set up on the Miser system. Prepare files, screenprints, and preliminary checklists and assist with resolving exceptions.
    • Review internal file maintenance journals and various exception reports to ensure the appropriateness of transactions, that the corresponding supporting documentation has been obtained, and to identify and correct exceptions for data integrity purposes.
    • Coordinate payoff quotes at the request of members, attorneys, and other financial institutions; reconcile and process payoff funds upon receipt to ensure appropriate closure of the account.
    • Process a variety of loans transactions including payments, payoffs, advances, charge-offs, adjustments, corrections.
    • Respond to internal and external loan-related member questions & research.
    • Participate in department projects and in the development of department procedures.
    • Performs all other duties as assigned.

    Qualifications


    Experience:

    One year of related experience is required.

    Education:

    High school diploma or equivalent required or an equivalent combination of education and experience.

    Interpersonal Skills:

    Position requires personal contact with others inside and outside the Credit Union, thus requiring a high degree of confidentiality, discretion, diplomacy, and tact in communication. Builds relationships and fosters positive interactions with Credit Union team members, members, and vendors by demonstrating friendly, helpful, and efficient service. Good written and verbal communication skills are required, including communicating clearly and concisely. Patience, active listening, and sound judgment are required. Must have the ability to understand and communicate products, services, and regulations.

  • 1 Month Ago

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Consumer Safety Inspector
  • USDA Food Safety and Inspection Service
  • Lowell, MA FULL_TIME
  • Duties YOU WILL/MAY: Ensure that regulated establishments produce a safe product by executing appropriate inspection methods, determining non-compliance with regulatory requirements, documenting nonco...
  • 1 Month Ago

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Senior Commercial Loan Officer
  • Lowell Five Bank
  • Tewksbury, MA FULL_TIME
  • ABOUT LOWELL FIVE With nearly $1.7 billion in assets, over 200 employees, and 15 banking center locations throughout the Merrimack Valley and Southern New Hampshire, Lowell Five is honored to play a v...
  • 5 Days Ago

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Loan Servicing Representative
  • KBW Financial Staffing & Recruiting
  • Lowell, MA FULL_TIME
  • We are seeking a Loan Servicing Coordinator for our Lowell based client. The loan servicing coordinator is responsible for all Bank loans being properly entered, updated, and maintenance both electron...
  • 1 Month Ago

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Commercial Loan Officer-Corporate Banking
  • Rockland Trust
  • Burlington, MA FULL_TIME
  • We offer an extensive and highly supportive branch network, competitive products and pricing and exceptionally strong local operational support to help you achieve your business development objectives...
  • 1 Month Ago

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Assistant Student Loan Manager - Financial Aid
  • UMass Lowell
  • Lowell, MA FULL_TIME
  • General Summary: The Assistant Student Loan Manager is responsible for the processing of all private educational loan programs and Federal Direct Plus Parent/Grad Loans processed through the Financial...
  • Just Posted

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0 Consumer Loan Collection/Recovery Rep. jobs found in Lowell, MA area

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Float Phlebotomist/Patient Service Technician
  • Labcorp
  • Lowell, MA
  • At Labcorp we have a passion in helping people live happy and healthy lives. Every day we provide vital information that...
  • 3/29/2024 12:00:00 AM

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Patient Care Coordinator - Department 401>
  • Bridgewell
  • Lowell, MA
  • Bridgewell - BCS Lowell [Medical Office Assistant / Scheduler] As a Patient Care Coordinator at Bridgewell, you'll: Be r...
  • 3/28/2024 12:00:00 AM

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Customer Support Associate (Work From Home)>
  • Fanatics
  • Lowell, MA
  • [Customer Service / Remote] - Anywhere in U.S. / Up to $25 per hour / EST hours - As a Customer Support Associate you'll...
  • 3/26/2024 12:00:00 AM

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Customer Support Associate (Work From Home)>
  • Fanatics
  • Dracut, MA
  • [Customer Service / Remote] - Anywhere in U.S. / Up to $25 per hour / EST hours - As a Customer Support Associate you'll...
  • 3/26/2024 12:00:00 AM

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Customer Support Associate (Work From Home)>
  • Fanatics
  • Chelmsford, MA
  • [Customer Service / Remote] - Anywhere in U.S. / Up to $25 per hour / EST hours - As a Customer Support Associate you'll...
  • 3/26/2024 12:00:00 AM

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Customer Support Associate (Work From Home)>
  • Fanatics
  • Tewksbury, MA
  • [Customer Service / Remote] - Anywhere in U.S. / Up to $25 per hour / EST hours - As a Customer Support Associate you'll...
  • 3/26/2024 12:00:00 AM

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Customer Support Associate (Work From Home)>
  • Fanatics
  • Andover, MA
  • [Customer Service / Remote] - Anywhere in U.S. / Up to $25 per hour / EST hours - As a Customer Support Associate you'll...
  • 3/26/2024 12:00:00 AM

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Mobile Associate - Retail Sales
  • Metropcs
  • Lowell, MA
  • **Retail** **Mobile Associate Retail Sales** At T-Mobile, we strongly encourage everyone, including people of color, vet...
  • 3/25/2024 12:00:00 AM

Lowell is a city in the U.S. Commonwealth of Massachusetts. Located in Middlesex County, Lowell (along with Cambridge) was a county seat until Massachusetts disbanded county government in 1999. With an estimated population of 109,945 in 2014, it is the fourth-largest city in Massachusetts, and the second-largest in the Boston metropolitan statistical area. The city is also part of a smaller Massachusetts statistical area called Greater Lowell, as well as New England's Merrimack Valley region. Incorporated in 1826 to serve as a mill town, Lowell was named after Francis Cabot Lowell, a local fi...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Collection/Recovery Rep. jobs
$36,865 to $50,070
Lowell, Massachusetts area prices
were up 1.6% from a year ago

Consumer Loan Collection/Recovery Rep. in Santa Barbara, CA
After a federal tax rate of 12% has been taken out, Consumer Loan Collection/Recovery Rep.
December 16, 2019