-Manages loss situations though loan workout negotiations for member hardship and trouble debt restructuring requests.
-Coordinates revised loan terms/structure with lending department.
-Provides extensive loss analysis and recommendations related to all aspects of loss mitigation in support of departmental vision and current business objectives.
-Responsible for outbound pro-active pursuit of loss mitigation cases from servicers and answering and processing inbound calls.
-Serves as a back up to the Real Estate and Consumer Loan Underwriters.
-Recommends appropriate resolutions on recovery loans including negotiating settlements, short sales, and repayment plans.
-Heavily monitors loans in Bankruptcy, Foreclosure, & REO to ensure timely progression and minimize losses to the Credit Union.
-Performs additional duties as required.
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