Logix Federal Credit Union
Repossessions Specialist Senior-Hybrid
Logix Federal Credit Union, Santa Clarita, California, United States, 91382
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Repossessions Specialist Senior-Hybrid
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Logix Federal Credit Union Continue with Google Continue with Google 1 week ago Be among the first 25 applicants Join to apply for the
Repossessions Specialist Senior-Hybrid
role at
Logix Federal Credit Union 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.
Responsibilities
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.
Qualifications
Education
Min/Preferred: Preferred Education Level: 4 Year / Bachelors Degree Description: Bachelor's Degree preferred.
Experience
Minimum Years of Experience: 5 Preferred Years of Experience: Comments: Five years of collections or repossessions experience Thorough understanding of repossession process and related laws & regulations.
Knowledge, Skills & Ability
Working knowledge of the Microsoft suite of office products with advanced skill in MS Excel Working knowledge of collateral sale regulations & guidelines Experience with repossession agencies auctions, attorneys, private investigators and outside vendors in handling repossession of collateral. Strong analytical skills. Thorough knowledge of vehicle and product market trends via various resources such as Edmunds, Kelly Blue Book, Black Book, Automotive News, National Automobile Dealers Association, or other publications and services. Ability to independently manage a significant number of projects and assignments concurrently in a fast paced, deadline drive environment. Ability to perform physical inspections and occasionally lift and carry up to 40 plus pounds, climb on ladders, stoop and bend, traverse on gravel and uneven surfaces. Ability to travel to off-site locations, as necessary. Demonstrated ability to conduct successful investigations to locate collateral and/or debtors, including a working knowledge of repossession and skip-tracing regulations & guidelines. Working knowledge of asset recovery and investigative systems such as Lexis-Nexus, Accurant, TLO, or other related technology/systems. Must remain current in Federal Debt Collection Practices Act. Own and solve complex tasks that are part of a large project and lead small projects on their own.
Disclaimer
Logix Federal Credit Union is an equal opportunity employer that does not discriminate in employment opportunities or practices on the basis of race, religion, color, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other status protected by law.
Pay Range
USD $30.02 - USD $45.02 /Hr.
Seniority level
Seniority level
Mid-Senior level Employment type
Employment type
Full-time Job function
Job function
Information Technology Industries
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Repossessions Specialist Senior-Hybrid
role at
Logix Federal Credit Union Continue with Google Continue with Google 1 week ago Be among the first 25 applicants Join to apply for the
Repossessions Specialist Senior-Hybrid
role at
Logix Federal Credit Union 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.
Responsibilities
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.
Qualifications
Education
Min/Preferred: Preferred Education Level: 4 Year / Bachelors Degree Description: Bachelor's Degree preferred.
Experience
Minimum Years of Experience: 5 Preferred Years of Experience: Comments: Five years of collections or repossessions experience Thorough understanding of repossession process and related laws & regulations.
Knowledge, Skills & Ability
Working knowledge of the Microsoft suite of office products with advanced skill in MS Excel Working knowledge of collateral sale regulations & guidelines Experience with repossession agencies auctions, attorneys, private investigators and outside vendors in handling repossession of collateral. Strong analytical skills. Thorough knowledge of vehicle and product market trends via various resources such as Edmunds, Kelly Blue Book, Black Book, Automotive News, National Automobile Dealers Association, or other publications and services. Ability to independently manage a significant number of projects and assignments concurrently in a fast paced, deadline drive environment. Ability to perform physical inspections and occasionally lift and carry up to 40 plus pounds, climb on ladders, stoop and bend, traverse on gravel and uneven surfaces. Ability to travel to off-site locations, as necessary. Demonstrated ability to conduct successful investigations to locate collateral and/or debtors, including a working knowledge of repossession and skip-tracing regulations & guidelines. Working knowledge of asset recovery and investigative systems such as Lexis-Nexus, Accurant, TLO, or other related technology/systems. Must remain current in Federal Debt Collection Practices Act. Own and solve complex tasks that are part of a large project and lead small projects on their own.
Disclaimer
Logix Federal Credit Union is an equal opportunity employer that does not discriminate in employment opportunities or practices on the basis of race, religion, color, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other status protected by law.
Pay Range
USD $30.02 - USD $45.02 /Hr.
Seniority level
Seniority level
Mid-Senior level Employment type
Employment type
Full-time Job function
Job function
Information Technology Industries
Banking Referrals increase your chances of interviewing at Logix Federal Credit Union by 2x Sign in to set job alerts for Senior roles.
Continue with Google Continue with Google Continue with Google Continue with Google Senior/Executive Director, Head of Quality
Westlake Village, CA $210,000 - $280,000 4 weeks ago Burbank, CA $150,000 - $200,000 6 hours ago Senior Director, Brand Management & Product Marketing
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Los Angeles, CA $99,200 - $118,000 3 weeks ago Universal City, CA $50,000.00 - $60,000.00 1 week ago Calabasas, CA $135,000.00 - $155,000.00 3 weeks ago Burbank, CA $119,700.00 - $222,300.00 1 week ago Executive Assistant, Marketing Strategy & Franchise Management (Disney Branded Television)
Burbank, CA $58,700.00 - $78,600.00 1 day ago Burbank, CA $77,350.00 - $143,650.00 1 week ago Senior Manager, Global Media Supply Chain
Burbank, CA $110,000.00 - $120,000.00 3 weeks ago VP, Digital Strategy, Entertainment - Versant
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Calabasas, CA $120,000.00 - $150,000.00 1 week ago Director, Marketing Center of Excellence (CoE)
Westlake Village, CA $175,000.00 - $215,000.00 1 week ago Westlake Village, CA $175,000.00 - $215,000.00 1 week ago Senior Manager, Production Technology Strategic Sourcing
Burbank, CA $109,900.00 - $204,100.00 1 week ago Santa Clarita, CA $141,000.00 - $225,000.00 3 weeks ago Simi Valley, CA $120,000.00 - $150,000.00 2 days ago Burbank, CA $135,000.00 - $145,000.00 1 week ago Westlake Village, CA $185,000.00 - $210,000.00 1 week ago Burbank, CA $95,550.00 - $177,450.00 1 month ago Universal City, CA $65,000.00 - $80,000.00 6 days ago Agoura Hills, CA $90,000 - $100,000 6 days ago Senior Director, Global Process Owner, Record to Report (R2R)
Universal City, CA $150,000 - $185,000 1 week ago Santa Clarita, CA $72,800 - $138,300 1 month ago Senior Vice President, Digital Product and Delivery Governance
Agoura Hills, CA $150,000 - $250,000 1 week ago Westlake Village, CA $175,000 - $215,000 1 week ago Were unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #J-18808-Ljbffr