Lafayette Federal Credit Union
Lafayette Federal Credit Union has earned the 2025 Top Workplaces award from USA Today! Our organization is growing, and we are seeking top-notch individuals to provide support to our members.
Do you have experience with the maintenance of severely delinquent accounts? Do you have experience reviewing the members overall financial condition and compensating factors? If so, then Lafayette Federal may have the perfect opportunity for you! We are currently seeking a
Loss Mitigation Specialist
to join our dynamic team! About Us : Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by Newsweek’s America’s Best Bank’s list, we’ve received a 5-star rating from Bauer financial, and we’ve also ranked #12 in S&P Global’ s Top Performing Credit Union’s in 2022 for the second year in a row! Our Culture : Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. About The Role : We are seeking a smart, organized, and resourceful professional to assist the Asset Recovery department with the overall maintenance of severely delinquent accounts to include reviewing and recommending loans for extension and/or workouts. Requirements : A day in the life of a
Loss Mitigation Specialist
will include: Responsible for reviewing and preparing all files for the Loss Mitigation Committee. Responsible for monitoring all accounts under an approved modification or workout to ensure the borrower is complying with agreed upon action steps. Review all third-party debt management cases. Responsible for all follow up calls and memos with respect to financial needs cases. Ensures quality control by reviewing such items as vendor invoices, recovery, SCRA and EOscar reports. Serves as a back up to the Bankruptcy Specialist by maintaining bankrupt accounts. Our Ideal Candidate Will : Provide all members with professional support, accurate information, and friendly service. Ensure all data entry for loans are made with minimal, non-recurring errors. Adhere to Lafayette Federal’s Service Standards Policy. Maintain confidentiality at all times. Maintain a dependable record of attendance and timeliness. Ensure that consumer and mortgage collection queues are followed. Top Benefits Or Perks : Joining Lafayette Federal comes with perks to support you in your personal and professional journey. We Provide Employees With a Generous Benefits Package Including : Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan) Fully funded deductible (HMO Plan) 401k employer matching contribution Income protection with life insurance, short and long-term disability Paid time off, holiday leave & birthday leave Educational assistance Commuter benefits program and more! Pay: $52,621 - $57,849 annually, depending on experience and qualifications. Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer. EOE/AA/DISABILITY/VETERAN
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Loss Mitigation Specialist
to join our dynamic team! About Us : Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by Newsweek’s America’s Best Bank’s list, we’ve received a 5-star rating from Bauer financial, and we’ve also ranked #12 in S&P Global’ s Top Performing Credit Union’s in 2022 for the second year in a row! Our Culture : Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. About The Role : We are seeking a smart, organized, and resourceful professional to assist the Asset Recovery department with the overall maintenance of severely delinquent accounts to include reviewing and recommending loans for extension and/or workouts. Requirements : A day in the life of a
Loss Mitigation Specialist
will include: Responsible for reviewing and preparing all files for the Loss Mitigation Committee. Responsible for monitoring all accounts under an approved modification or workout to ensure the borrower is complying with agreed upon action steps. Review all third-party debt management cases. Responsible for all follow up calls and memos with respect to financial needs cases. Ensures quality control by reviewing such items as vendor invoices, recovery, SCRA and EOscar reports. Serves as a back up to the Bankruptcy Specialist by maintaining bankrupt accounts. Our Ideal Candidate Will : Provide all members with professional support, accurate information, and friendly service. Ensure all data entry for loans are made with minimal, non-recurring errors. Adhere to Lafayette Federal’s Service Standards Policy. Maintain confidentiality at all times. Maintain a dependable record of attendance and timeliness. Ensure that consumer and mortgage collection queues are followed. Top Benefits Or Perks : Joining Lafayette Federal comes with perks to support you in your personal and professional journey. We Provide Employees With a Generous Benefits Package Including : Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan) Fully funded deductible (HMO Plan) 401k employer matching contribution Income protection with life insurance, short and long-term disability Paid time off, holiday leave & birthday leave Educational assistance Commuter benefits program and more! Pay: $52,621 - $57,849 annually, depending on experience and qualifications. Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer. EOE/AA/DISABILITY/VETERAN
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