Loan Loss Mitigation Specialist at Centra Credit Union in Columbus, Indiana

Job Description:

Thank you for your interest in a career with Centra.  A career at Centra Credit Union is more than a job; it is an opportunity to make a meaningful impact in our Members’ financial lives and our communities.  Centra was established in 1940 and is headquartered in Columbus, Indiana.  Centra is ranked among the top five largest credit unions in Indiana and among the most financially sound institutions in the United States.  Centra serves Membership throughout central and southern Indiana as well as other areas like Jamestown, NY, and Whitakers, NC.  Centra Team Members enjoy excellent benefits, an atmosphere that fosters family and work-life integration, a heritage of strong values, a high level of Team Member engagement in the achievement of results, and the opportunity for growth with the Centra Family.  Credit Unions are Not for Profit, Not for Charity, But for Service.  If these are the things that matter to you then please read on, we look forward to hearing from you. 

Centra Credit Union has an exciting opportunity for a Loan Loss Mitigation Specialist assists Members in financial distress by utilizing various products and services that provides solution for the Members to meet their financial obligation with Centra. This position is responsible for reviewing and processing Member requests for items like skip-a-pay and deferments and works proactively to engage with Members to assist with solutions. Solutions could include loan modification or a work out loan. This position will also assist with repossession and foreclosure administration, along with managing repayment programs for negative balances, deficiency balances and charge offs. 

The minimum starting wage for this position is $25.65 per hour.

ESSENTIAL FUNCTION:  This position may be required to perform additional duties as requested. Reasonable accommodations may be made to enable individuals with disabilities to perform. 

• Engages with Members to offer solutions that are tailored to them and ensures the Credit Union is receiving loan repayment.


• Administers and actively works in asset recovery management for repossessed vehicles offered to all Members who meet the criteria.


• Administers deferment management for consumer ad mortgage loans to work with Members within a set of specific criteria for longer term deferments of 60-90 days.


• Administers loan modifications when a deferment does not fit the need in order to product the Credit Union and the Member.


• Arranges repayment loan offers such as negative balanced repayment loans, repossession deficiency repayment loans and charge-off loan repayment loan offers.


• Monitors the foreclosure process to the end once a mortgage loan has been assigned for foreclosure.


• Ensures all new bankruptcies are properly reported, documented, and set up in core systems.

EDUCATION & EXPERIENCE – (Equivalent combination of Education & Experience will be considered.)

High School Diploma or General Education Diploma (GED)

Three years to five years of similar or related experience, including preparatory experience.

Centra is an Equal Opportunity Employer.

Education

• High School or Equivalent or better


• 3-5 years related experience or better


• Equivalent combination education & experience or better

See job description