Default Servicing and Asset Recovery Manager

4 weeks ago

Mumbai, Maharashtra, India 2coms Full time

About the Role

We are seeking a skilled Default Servicing and Asset Recovery Manager to join our team at 2coms. In this role, you will be responsible for handling various aspects of default servicing and management for our client's US Consumer Loan business.

This position involves working closely with the client's systems and processes to ensure accurate and timely updates related to bankruptcy, legal invoices, document management, repossession, judgment rescheduling, and lawsuit management. The ideal candidate should have experience in loan servicing, customer interaction, and legal procedures associated with loan defaults.

Key Responsibilities:

  • Collaborate with legal teams, recovery agencies, and stakeholders to resolve defaulted accounts.
  • Support the collections process by reviewing accounts and providing recommendations for collection strategies.
  • Work with repossession teams to recover assets (e.g., for auto-secured loans) as needed.
  • Track borrower bankruptcy filings and update account statuses.
  • Assist in preparing necessary documentation for legal proceedings related to default loans.
  • Ensure all system records are accurately updated to reflect the latest status of default accounts.
  • Maintain proper documentation for all account actions and communications.
  • Generate reports on default loan statuses, settlements, and recovery efforts.
  • Ensure compliance with relevant regulations and internal policies in all default servicing activities.

Salary: $70,000 - $100,000 per year

Required Skills and Qualifications:

  • Fundamental understanding of loan delinquency, foreclosure, bankruptcy processes, and recovery strategies.
  • Efficiently manage a portfolio of default loans, ensuring timely follow-ups and actions.
  • Experience working with loan management systems to update and track defaulted loan accounts.
  • Strong attention to detail and accuracy.
  • Excellent communication skills, both written and verbal.
  • Ability to work independently and manage loan portfolios.
  • Strong organizational and time management skills.
  • Flexible working hours required to accommodate different time zones of the employer.
  • Applies analytical skills to quickly and efficiently resolve any customer issues.
  • Maintain high-quality customer service standards.
  • Meet productivity and quality targets.
  • Collaborate with internal teams and external agencies to resolve account issues.

About Us

At 2coms, we value innovation and excellence in all aspects of our business. Our commitment to delivering exceptional results has earned us a reputation as a trusted partner in the industry.

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