• Auto Repossession and Remarketing Coordinator

    Location US-MD-Upper Marlboro
    Posted Date 4 months ago(7/17/2018 3:47 PM)
    Job ID
    Monday thru Friday 8:00am-4:30pm
    USD $42,500.00/Yr.
    USD $62,500.00/Yr.
  • Overview



     As one of the largest credit unions in the region and top performing in the nation, NASA Federal Credit Union members enjoy banking with an organization that's well established, financially sound and thrives on technology. With a strong heritage to serving the needs of individuals in the science, technology and engineering fields, the credit union philosophy of People Helping People has always been a priority.


    As a Repossession Remarketing and Legal Coordinator you will be in a position that requires a thorough knowledge of the Credit Union collection policies and procedures and specific knowledge of state and local repossession, legal and force placed insurance laws. A Repossession Remarketing/Legal Coordinator may have all or portions of the following duties: Coordinate and Facilitate the Repossession process, Work with Vendors to ensure proper dealings with repossessed assets, and ensure that steps taken throughout are in line with legislatively compliant regulations.


    We offer a generous full-time benefit package:

    • Competitive compensation commensurate w/experience: $42,500-$62,500
    • 401(k) match to 5% of earnings – immediate enrollment and 100% vesting
    • Choice of two health plans – 80% employer contribution
    • Dental – 85% employer contribution
    • Life Insurance – no cost
    • Long-term Disability Insurance – no cost
    • Employee Assistance Program – no cost
    • Paid vacation
    • Paid sick time
    • 10 Paid holidays
    • Profit Sharing eligible


    • Remains cognizant of and adheres to Credit Union policies and procedures, and regulations pertaining to the Bank
    • Secrecy Act
    • Maintains professional relationships with vendors and ensures they adhere to specific standards & guidelines.
    • Manages Repossession and Remarketing process
    • Places vehicles for repossession with approved agencies
    • Follows appropriate state guidelines on repossession of vehicles - Including proper notification
    • Monitor the progression of the repossession status with assigned repossession agency
    • Skip trace as necessary or use outside agencies when appropriate
    • Manage return vehicle process
    • Determines transportation logistics
    • Coordinates inspection & title conversion process
    • Manages online & physical auction sales
    • Sets floor price for vehicle based on condition of vehicle and current market trends
    • Negotiates “if bids” and approves final sales price within established authority
    • Allocates/Processes proceeds of sale
    • Manages the Collateral Protection Insurance (CPI) program
    • Works with CPI vendor on claims with collateral protection insurance
    • Files loss and collateral skip claims
    • Review claims and adjuster reports for accuracy
    • Process claim payments & send disposition letters
    • Maintains assigned Legal matters
    • Prepares files for referral to attorneys
    • Recommends judgment collection remedies
    • Attends court hearings, mediation and settlement conferences
    • Review settlement requests and negotiate payment plans
    • Allocate/Process payments
    • Review legal invoices and prepare for approval


    • Associate's degree (A. A.) or equivalent preferred. 
    • Must have direct relevant Collections experience.
    • Requires a basic understanding of bankruptcy law and its relation to auto repossessions. 
    • Must have current knowledge of state collections laws.




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