Loss Mitigation Specialist at OE Federal Credit Union

Livermore, California, United States -

Full Time

Start Date

Immediate

Expiry Date

05 Aug, 26

Salary

30.03

Posted On

07 May, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Loss Mitigation, Loan Modification, Financial Analysis, Regulatory Compliance, Credit Bureau Dispute Resolution, Risk Assessment, Interpersonal Communication, Time Management, Critical Thinking, Problem Solving, Microsoft Word, Microsoft Excel, Microsoft Outlook, Bankruptcy Law, FCRA, RESPA

Industry

Financial Services

Description

Overview Join the Best “UNION” Credit Union Around! In 1964, OE Federal Credit Union opened its doors to serve union members with a simple goal of providing a better alternative to banks. A credit union is more than a financial institution. We are a community, a family. Our teams are our greatest asset, we are energetic, dynamic, and passionate about assisting our members with financial wellness. Built on a foundation of union pride, OE Federal is a 1.5 billion company and the country’s largest labor-based credit union serving more than 115,000 members nationwide! Our People Make the Difference! Are you looking to take on a dynamic and challenging role? OE Federal is seeking to hire a Loss Mitigation Specialist! Your Purpose You will be responsible for member outreach to help borrowers with repayment solutions. Assisting members by presenting options for collateral retention such as forbearance and consumer loan deferral in accordance with the Credit Union Policies. What You'll Do To succeed in this position, you must be able to satisfactorily perform common, uncommon and complex occurrences of each of the following under general supervision from your manager: Administer correspondence with members, both verbally and in writing, to obtain required documentation for loss mitigation review. Execute on the Credit Union’s loss mitigation strategies through early intervention outreach to real estate loans and other products as assigned. Analyze the member’s situation and collateral risk to identify alternative solutions, including repayment plans, loan modifications, short sales, forbearance plans and deed- in-lieu agreements. Analyze loan application, financial documentation, credit report, property profile, note, and other loan documents to ensure the credit union’s position is secured before proceeding with legal action. Handle complex loan delinquency issues due to death and bankruptcy. Investigate and respond to credit bureau disputes submitted through direct and indirect channels. Maintain Credit Dispute logs to ensure compliance with regulatory requirements. Provide accurate written correspondence to members based on dispute outcome. Collaborate seamlessly with colleagues across departments and branches to deliver optimal and efficient service to our members. Uphold a standard of professionalism actively fostering positive relationships internally and externally. Develop and maintain a comprehensive understanding of the credit union’s products and services, ensuring compliance with applicable Federal and State laws, Credit Union banking regulations, and OE Federal Credit Union’s policies and procedures and current promotions. Perform other related duties as assigned. The Ideal Candidate Will Possess High School Diploma/GED and minimum 1 year of work experience in a similar role required. Working knowledge and understanding of RESPA, Bankruptcy Law, and FCRA required. Knowledge of credit union collection laws and regulations required. Excellent interpersonal, verbal and written communication skills required. Excellent attention to detail, time management, critical thinking and problem-solving skills required. Proficiency with Microsoft Word, Excel and Outlook required. Salary Range: $28.28 - $30.03/hour OE Federal Credit Union offers competitive compensation. The offered salary considers experience, education, training, internal peer equity, job location and other business considerations when extending an offer. The salary outlined is based on working in Livermore, California. The salary range will adjust to the applicant's work location. In addition to competitive salaries: We Offer Superior Benefits We emphasize a work/life balance Premium pay for bilingual skills (English/Spanish) Medical, dental and vision benefits that cover the employee, spouse and dependents Retiree medical benefits A defined benefit Pension Plan with employer contributions of $3.50/hour Life Insurance/AD&D 11 ½ Paid Holidays per year 17 days of Paid Time Off (PTO) to start A 401(k) plan Employee loan discounts Casual dress code Find your team, find your fit! If you think this job is the right fit for you, fill out our on-line application. Our application is pretty simple - upload your resume and answer a few job-related questions. When you have completed the application, your information will be sent to our recruiting team. OE Federal Credit Union partners with TQC to support our recruiting and hiring needs. TQC is a talent and acquisition firm acting as an extension of our HR team. When applying for a role with OE Federal, you may be contacted by TQC.

Responsibilities

Responsible for member outreach to provide repayment solutions and collateral retention options such as forbearance and loan deferrals. Analyzes financial documentation and collateral risk to mitigate losses and manages complex delinquency issues including bankruptcy and death.