Repossessions Specialist Senior-Hybrid

The Senior Repossessions Specialist assigns delinquent secured loans for repossession both in and out of state, follows up on repossession assignments and determines vehicle condition and value. Also, schedules collateral for sale and approves sale amount as well as responsible for sending out all necessary legal notices throughout the repossession process. Acts as resource for Loan Adjustors on impound vehicles, wrecked vehicles, insurance claims, and all vehicle seizures. Also contacts members with delinquent loans via written and verbal communications to make arrangements for their obligations. Conducts investigations to locate missing collateral and recommends and prepares accounts for charge off, for assignment to private investigators and for possible legal action.

Performs all consumer loan collection activities.
• Processes lien releases as accounts are paid off or collateral is exchanged.
• Serves as liaison with repossession agencies, auctions, attorneys, private investigators and outside vendors in handling repossession of collateral.
• Conducts investigations to locate debtors and/or collateral.
• Reviews and analyzes accounts approved for repossession, including but not limited to, payment history, verification of delinquency, notification to all parties, etc.
• Oversees and is responsible for loans from the approval to repossess through repossession and sale of collateral, including, but not limited to, all legal notification, verification of proceeds, and release of title.
• Acts as a resource for Loan Resolution in problem solving involving vehicles with regard to insurance matters, lien sale situation, impound, seizures and any other circumstances concerning collateral at risk to the Credit Union.
• Performs fieldwork that requires off-site visits to local auctions, branch offices, vendor sites, and other localities to conduct investigations or to inspect repossessed assets.
• Performs physical inspections by maneuvering in, around, above and beneath repossessed assets to evaluate operability and overall condition.
• Ensures that all monies (insurance refunds, extended warranty refunds, payment of claims and repossession costs, sale proceeds and all other eligible proceeds) have been received and applied prior to closing repossession file.
• Itemizes and collects any personal effects from repossessed assets and returns to appropriate parties, as necessary.
• Performs market studies by analyzing data to assess overall value of repossessed properties and recommends pricing for resale.
• Assists in maintaining statistics on sale of vehicles.
• Attends court proceedings and testifies as a witness on behalf of Credit Union.
• Remains current on laws and regulations as they pertain to repossession, sale of collateral, skip- tracing and all collection matters.
• Works with peers and leadership from different functions and has an impact across the department.