lmcu
Repossession Specialist
At a Glance
- Location
- Grand Rapids, Michigan, United States
- Employment
- Full time
- Posted
- 2026-07-07
Benefits & Perks
yees: comprehensive health coverage including medical (with prescription),
Requirements
Two years of similar or related experience.
Prior experience working for a credit union.
Excellent written and verbal communication skills.
Responsibilities
LMCU is looking for a Repossession Specialist who will be responsible for preserving the Credit Union’s assets by controlling delinquent loan accounts, collecting delinquent loan payments and/or recovering collateral.
Contacts delinquent accounts by phone and mail; takes appropriate action to bring current or seize LMCU collateral.
Analyzes financial situation of delinquent borrowers and values the collateral in which LMCU holds a secured interest.
Provides recommendations to management for either Loan Work Out with Members or that collateral needs to be repossessed.
Attends auctions as needed to ensure LMCU is getting the most value on all repossessed collateral and maintains accurate reports showing all existing LMCU collateral with proper PVGL amounts.
Informs management of trends in loan underwriting contributing to delinquent/charged off loans.
About the Company
At LMCU, you'll find more than just a job - discover a fulfilling career where your contributions truly matter. Join our talented team at Lake Michigan Credit Union and discover the difference an employer who puts people first can make in your career and life.