Repossessions and Recoveries - Bankruptcy Litigation Spclst

Golden 1 Credit Union•Sacramento, CA

2d•Hybrid

About The Position

This role is for a Bankruptcy Litigation Specialist at Golden 1 Credit Union. The specialist will be responsible for managing delinquent loans and accounts within the bankruptcy and litigation framework. This involves ensuring compliance with legal requirements, minimizing losses, and protecting the Credit Union's interests. The position requires strong analytical skills, attention to detail, and effective communication with members, attorneys, and trustees.

Requirements

Bachelor’s Degree in related field or equivalent work experience required
5+ years with Bankruptcy, Legal Settlements, loss mitigation, or related field (i.e. underwriting, credit etc.) with banks, savings and loans, credit unions or other finance companies required
Knowledge of all duties of a Member Care Rep I, II, Escalations Rep, and Member Care Support II functions.
Knowledge of the charge off accounts, repossession, reinstatement, expulsion, redemption request and proof of claim process.
Maintain a thorough understanding of state, federal laws and regulations related to credit union compliance including SCRA, FDCPA, TCPA, FCRA, BSA, Bankruptcy statutes, Proof of Claims Process, Wage Garnishments, Small claims, Legal Stipulation agreements, and anti-money laundering laws appropriate to the position.

Responsibilities

Research and respond to inquiries from members and other Golden 1 departments and branches on delinquent loans and account problems.
Monitor compliance of credit union policies and Fair Debt Collection Practices.
File proof of claims, establish and maintain bankruptcy plan trackers, monitor stipulated judgments to ensure payments are received as agreed.
Update account files by indicating the date(s) payment(s).
Make recommendations to file motion for relief of stay, review motions to value and ensure the liens are reconvened per statute or regulation.
Review and recommend objection to Bankruptcy plans as needed to ensure Golden 1 recoverable are within statute.
Document account summaries on all actions taken, to assess the need for escalated Member Care efforts.
Recommend and prepare accounts for legal action based on account conditions and recovery strategies set by Member Care.
Contact members, Trustees, and Attorneys by phone demonstrating a high level of negotiation skills to generate acceptable repayment plans that meet the needs of both the Credit Union and member.
Monitor and track approved attorney referral accounts for civil action.
Represent Golden 1 during legal proceedings.
Assist Management in preparing monthly reports and month end statistics for Senior Management for Member Care Department.
Support department goals by meeting performance standards in all areas of the collection process.
Perform other duties as assigned.