Alliant Credit Union · 16 hours ago
Lead Foreclosure, Default and Recovery Specialist
Chicago, IL
Full-time
Hybrid
Senior Level
$48K/yr - $74K/yr
5+ years expAlliant Credit Union is seeking a Lead Foreclosure, Default and Recovery Specialist to manage a portfolio of late-stage consumer and real estate accounts. The role involves working directly with members to resolve delinquency, utilizing innovative approaches to minimize loss and maximize recovery for the credit union.
Financial Services
Responsibilities
Utilize effective loss prevention techniques to collect on home equity accounts, consumer loans, including Auto, RV, secured, unsecured and credit cards
Review, analyze and propose subsequent actions for real estate secured accounts, including foreclosure ensuring adherence to applicable compliance and regulatory requirements
Prepare or execute legal documents and provide recommendations for initiating legal actions including replevins and suits
Ensure status updates with the attorney or vendor network to meet expectations and collaborate on innovative methods to locate units and or members
Coordinate with legal teams, third party collection agencies and repossession vendors to ensure that efforts and goals are achieved
Manage invoicing from repossession vendors and attorneys, ensuring accuracy and timely remittances
Ensure accurate understanding and proactive management of charged-off inventory, while addressing members' questions or concerns
Support with designing and implementing system enhancements, such as new reports, queues, views, while managing communication for successful project resolution
Engage with internal partners to accomplish department and organizational goals and participate in new innovative projects to improve efficient servicing operations and the success of the strategy
Document process improvements via training materials, procedures, and workflow. Act as subject matter expert and contact for complex escalations and skip tracing resolutions
Qualification
Required
Manage a portfolio of late-stage consumer and real estate accounts to minimize loss and maximize recovery to the credit union
Work directly with members to resolve delinquency or make recommendations for legal action through an attorney network or third-party vendors
Manage files placed with attorney network and use innovative approach to locate people and collateral such as different channels, resources or skip tracing
Utilize effective loss prevention techniques to collect on home equity accounts, consumer loans, including Auto, RV, secured, unsecured and credit cards
Review, analyze and propose subsequent actions for real estate secured accounts, including foreclosure ensuring adherence to applicable compliance and regulatory requirements
Prepare or execute legal documents and provide recommendations for initiating legal actions including replevins and suits
Ensure status updates with the attorney or vendor network to meet expectations and collaborate on innovative methods to locate units and or members
Coordinate with legal teams, third party collection agencies and repossession vendors to ensure that efforts and goals are achieved
Manage invoicing from repossession vendors and attorneys, ensuring accuracy and timely remittances
Ensure accurate understanding and proactive management of charged-off inventory, while addressing members' questions or concerns
Support with designing and implementing system enhancements, such as new reports, queues, views, while managing communication for successful project resolution
Engage with internal partners to accomplish department and organizational goals and participate in new innovative projects to improve efficient servicing operations and the success of the strategy
Document process improvements via training materials, procedures, and workflow
Act as subject matter expert and contact for complex escalations and skip tracing resolutions
Minimum - High School or Equivalent
5 Years Collections, loss mitigation, repossession, foreclosure or related
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act
Ensures compliance with all applicable state and federal laws, company procedures and policies
Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives
Preferred
4 Year Bachelors Degree in Business, Finance or Related
Benefits
Work from home up to 3 days a week
Paid parental leave
Employee discount programs
Time off including paid personal and sick days
11 paid holidays
Education reimbursement
Company
Alliant Credit Union
Alliant Credit Union is an Illinois-chartered credit union.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Mike Dobbins
Chief Executive Officer
Hector Crespo
SVP, Head of Marketing, Design, and Brand
Recent News
2026-01-06
Company data provided by crunchbase