Service auto loan accounts less than 30 days delinquent and document all collection activities utilizing loan servicing software.
Follow and ensure compliance with all company policies and procedures as well as the Fair Debt Collection Practices Act (FDCPA).
Negotiate payment arrangements with borrowers, including offering suggestions, proposing alternative payment methods, and establishing payment procedures.
Assist borrowers in devising a strategy to allow them to keep their vehicle while meeting the obligations of the loan.
Accurately and professionally document account information and collection activities.
Utilize skip tracing tools and reference sources to identify and locate delinquent borrowers.
Perform other duties as assigned.
Requirements
1+ year(s) of experience in the collections field, preferably in the subprime consumer lending industry.
Effective communication, negotiation, and problem-solving skills.
Ability to read, interpret and apply federal, state, and local collections regulations.
Ability to interact with customers in a professional, tactful, and sensitive manner.
Ability to thrive in a fast-paced work environment and to work independently and as part of a team.
Available to work a flexible work schedule and overtime as needed.
High School Diploma or GED.
Experience documenting collection activities using loan servicing software.
Experience utilizing skip tracing tools and reference sources to locate delinquent borrowers.