Asset Recovery Paralegal

REV Career•Summerville, SC

13d

About The Position

The Asset Recovery Paralegal supports REV Federal Credit Union’s legal recovery efforts involving small claims judgments, claim and delivery actions, collection litigation, and collateral recovery. The role helps ensure legal actions are completed accurately and on time, in compliance with applicable laws, regulations, and court requirements. It works with members, attorneys, court personnel, and internal teams to recover delinquent debts and mitigate losses. The position coordinates collection, litigation, and recovery matters; manages deadlines; prepares, reviews, and files court and county-office documents; and maintains records and case files. It evaluates loan documentation before proceedings, prepares legal referral packages, monitors attorney-assigned accounts, and files small claims actions to obtain judgments when appropriate. It also supports loss mitigation through repayment agreements and referrals for additional review, documents activities in Keystone / Fusion, prepares reports, processes delinquent loan payments as needed, and provides backup support for specified department functions.

Requirements

Associate's degree or an equivalent combination of education and relevant work experience.
At least two years of experience in collections litigation, claim and delivery actions, or related legal recovery functions.
Working knowledge of collection and judgment processes from default through final resolution.
Proficiency in Microsoft Office Suite, including Excel, Word, and Outlook.
Strong organizational skills and ability to manage multiple priorities and deadlines simultaneously.
Excellent verbal, written, and interpersonal communication skills.
Ability to maintain confidentiality and exercise sound judgment.
Strong analytical and problem-solving abilities.
Knowledge of legal terminology, regulatory compliance, and risk management principles.
Ability to work effectively in a fast-paced environment with competing priorities.
Proven ability to manage time effectively and consistently meet deadlines.

Responsibilities

Organizes and coordinates collection, litigation, and recovery matters.
Communicates professionally with members, attorneys, and court personnel.
Manages litigation matters and deadlines.
Prepares, reviews, and files documents with courts and county offices.
Provides administrative support to the Asset Recovery Department.
Reviews and routes legal correspondence and documentation to the appropriate party for approval and action.
Works with members and internal and external counsel to complete required documents within court deadlines.
Maintains accurate records and case files for legal recovery activities.
Reviews loans assigned to legal counsel to ensure the process is completed efficiently and within applicable state timelines.
Evaluates loan files to ensure required notices and documentation are provided before proceedings begin.
Prepares legal referral packages and forwards them to designated legal counsel.
Monitors attorney-assigned accounts to ensure legal actions progress efficiently and within state-mandated timelines.
Files Small Claims Court actions to obtain judgments when appropriate.
Maintains accurate records of expenses in the appropriate general ledger accounts.
Works with members to identify loss mitigation opportunities when appropriate.
Establishes and monitors repayment agreements based on members’ financial ability to repay outstanding debt.
Refers accounts requiring additional loss mitigation review or approval to management.
Updates Keystone / Fusion to document, track, and monitor actions, communications, deadlines, and outcomes.
Prepares departmental reports as requested by Senior Management and completes required monthly reports accurately and on time.
Supports and upholds REV FCU standards and values, follows its Code of Ethics, and safeguards confidential information.
Cooperates and communicates professionally with associates to support efficient operations and member service.
Communicates ideas and suggestions to improve REV FCU’s profitability and efficiency.
Processes delinquent loan payments as needed.
Maintains an organized work area and scans pertinent documentation.
Provides backup support for the charge-off and negative share specialist and loss mitigation specialist as needed.
Performs other duties as assigned by management or as needed.