Mortgage Collector

Assess the risk of mortgage lending activity, and offset risk by ensuring the recovery of funds using collection letters, calls, and skip tracing to resolve delinquent mortgage accounts and mitigate losses in order to contribute to the financial soundness of UNFCU. This position is expected to be hybrid. NYC Salary Range - $60,770 - $65,000 annually; compensation is commensurate to geographic location.Ensure you read the information regarding this opportunity thoroughly before making an application.Regardless of seniority or role, uphold UNFCU's mission, core values, and guiding principles by providing an exceptional service experience to colleagues and members alike through consistent demonstration of our service excellence behaviors.Work accounts in the assigned queue in LMS to reduce mortgage delinquency and apply funds to delinquent accounts; determine need for loss mitigation and make appropriate recommendations to managerUtilize online collection systems to document all collection efforts and telephone calls; remove credit limits or place blocks on Visa accounts, lines of credit, and other revolving loansComply with CFPB regulations related to mortgage collectionsAnalyze member account portfolios and prioritize delinquent accounts; recommend accounts to be referred to attorneys and monitor collection activity; monitor payroll allocationsOversee and coordinate all investor delinquency reporting to FNMA, FHLB, and Freddie Mac Negotiate and make recommendations regarding loan workouts, deferments, and payment reductions; advise members on financial and debt management, instruct members on how to regain financial soundness while reducing debt, maintain good credit history, and explain the implications of bankruptcy filingHigh school diploma or equivalent with some college coursework completed 4 years of collections experience in a financial institution collecting on Mortgage products and HELOCStrong written and verbal communication skillsKnowledge of loss mitigation and delinquency managementKnowledge of applicable federal and state regulations and lawsProficiency in Microsoft Office Good negotiation skills and creativity in reducing lossesAbility to organize work and set prioritiesAbility to manage relationships at all levels throughout the organization and with credit union membersAbility to interpret documents and make sound decisions within limits of authority 

Created: 2025-03-03