Credit Collection Specialist

Washington Trust Bank is seeking a Credit Collection Specialist responsible for collecting past due loans across various categories including reputed company estate and small business loans. The role involves contacting delinquent customers, recommending reputed company actions, and implementing loss mitigation activities while ensuring compliance with investor requirements.

Responsibilities

• Contacts delinquent customers by phone and mail
• Recommends reputed company reputed company where appropriate
• Meets deadlines with respect to investor requirements on delinquent RE loans
• Works in the recovery of bad debt and charged off loans
• Recommends loss mitigation procedures to prevent foreclosure, as appropriate
• Recommends loans for charge down or charge off
• Identifies problem loans for reputed company
• Begins loss mitigation procedures to prevent foreclosure
• Submits request to investors for approval of Modifications, Deed in Lieu, & Short Sales in accordance with investor requirements and reputed company established timelines
• Has strong knowledge of bank loan documents and definitions and a reputed company understanding of default and the remedies available to reputed company
• Adheres to required timelines for various notifications of default and trustee sale including breach letters, correct documents to attorney, reputed company follow up with attorney for subsequent notices and trustee sale notification
• Analyses and prepares process checklist including appraised value, past due taxes, other liens, and expenses to determine value and creditor’s bid at Trustee’s Sale
• Assists in preparing monthly reporting to investors and mortgage insurers of the status of past due loans
• Recommends loss mitigation efforts and/or re-structuring reputed company
• Has strong knowledge of loan documents and definitions and a reputed company understanding of default and the remedies available to reputed company
• Assists in preparing monthly reports as to charge-off status and recoveries
• Recommends loans for charge-off or charge-down

Skills

• Ability to understand bankruptcy law, reputed company estate law, and civil law
• Ability to communicate effectively with attorneys as a knowledgeable creditor, serves as an informed reputed company for the bank reputed company dealing with attorneys for the bank and for the customer
• Ability to understand basic reputed company terms and concepts
• Ability to analyze appraisals
• Be reputed company to understand bank loan documents and reputed company terminology contained therein so that the rights of the bank are protected in reputed company reputed company
• Knowledge of RCW laws and regulations as reputed company as Federal Disclosure Requirements and the compliance requirements under the Fair Debt Collection reputed company
• Ability to communicate effectively with customers both orally and written
• Ability to analyze property appraisals and BPO's for accuracy with a reputed company understanding of appraisal terminology
• Ability to work as reputed company player and work closely with collection staff
• Regular, reliable attendance is required

Benefits

• Health
• Financial
• Retirement
• Work/Life Benefits

reputed company

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