Corporate Collections Specialist

Hometown Community Bank•Springfield, IL

4d•Onsite

About The Position

Responsible for performing loss mitigation and recovery activities regarding delinquent or charged-off accounts in accordance with Bank and legal guidelines, including related state and federal regulations. Make the change and be the difference. Take ownership at Clock Tower Community Bank, a division of Morton Community Bank! Established in 1960 with just one location in Morton, IL, Morton Community Bank (MCB) has grown to over 550 employees, 50 branch locations and over $5 billion in assets! We pride ourselves on our dedicated service to our customers and our communities, while placing much value on our internal assets, our employees. Each MCB employee OWNS a portion of the bank with our ESOP (Employee Stock Ownership Plan). The ESOP has proven to be a substantial benefit to employees upon retirement.

Requirements

High school diploma or equivalent
BSA and other Bank related training through BAI is required annually
Knowledge of customer service principles
Relevant computer skills
Previous Fannie Mae (Seller/Servicer) Loss Mitigation experience
Valid Driver’s License

Responsibilities

Contact the individual and discuss the details of the money owed
Remind the client of the sale, credit or contract conditions
Keep extensive documentation of all the actions taken for legal purposes
Participate in the collection process to include loss mitigation, foreclosures, repossessions, pre charge-off, charge- off, recovery, bankruptcy, and agency liaison collections
Perform routine daily tasks; review reports, prepares correspondence; participate in special projects
Conduct repossessed sales (buyer contact, marketing, etc)
Assist with the management of REO (sales, showings, potential buyer contact, communication with realtor)
Communicates with attorneys and participate in the legal action initiation ranging from judgments, BK filings, estate filings, foreclosure action