Collections Specialist
MIT•Lexington, MA
About The Position
COLLECTIONS SPECIALIST , MIT Federal Credit Union (MITFCU), initiates collection activities on retail loans: including auto loans, home equity loans, mortgage loans, student loans, overdraft privilege and negative share accounts in accordance with MIT Federal Credit Union policies and applicable collection laws; and performs all functions, within scope of authority and expertise to provide the highest level of service and responsiveness to the members of the MIT Federal Credit Union. The full job description is available, here .
Requirements
- Two years of experience in collections with knowledge of general credit union/banking operations
- Three years of experience in a credit union/bank
- Experience in auto repossession and handling delinquent real estate loans
- Familiarity with real estate investor collection and modification requirements
- Be and remain bondable
- Working knowledge on collecting past due accounts
- Related collection and bankruptcy laws
- RESPA servicing delinquent mortgage loans and loss mitigation
- Collecting on inhouse Fannie Mae, Freddie Mac, Ginnie Mae, and FHA loans
- Familiar with skip tracing and other collection resources, and collection systems
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What This Job Offers
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
