Demo

Recovery Specialist

Lafayette Federal Credit Union
Lafayette Federal Credit Union Salary
Rockville, MD Full Time
POSTED ON 3/26/2025
AVAILABLE BEFORE 5/26/2025

Description

NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID.Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions. 

 Join Lafayette Federal Credit Union, a proud recipient of USA Today's Top Workplaces of 2024 award! We are expanding and looking for exceptional talent to support our members and contribute to our reputation as an employer of choice. Be a key player in our mission to become the premier financial partner for our community. Your skills and dedication are essential to our success. 

  • Are you a smart, organized, and resourceful professional?
  • Do you have excellent attention to detail?
  • Do you have experience with consumer and mortgage asset recovery?

If so, then Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Recovery Specialist to join our dynamic team!


About us:

  

Our Difference: What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! In addition to our Top Workplaces recognition by USA Today, we have also been recognized nationally by (1) Newsweek’s America’s Best Bank’s list, (2) we’ve received a 5-star rating from Bauer financial, and (3) we’ve also received national recognition by S&P Global’ s Top Performing Credit Union’s!


Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community.


Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.

Requirements

About the role:

We are seeking a smart, organized, and resourceful professional to assist the Default Prevention and Recovery department in monitoring loans that are in default in the credit union loan portfolio as well as all tasks related to rehabilitation and sale of credit union owned assets (i.e. repossessions & REOs) to include valuation, insurance, utilities, release/recordings, purchase agreements, rental agreements, payment of insurance and taxes providing support services in managing the process of loan extensions, loan modifications and foreclosures. Our ideal candidate will maintain professionalism, confidentiality, and friendly service to our external members and internally amongst the staff. Accuracy, attention to detail, and time management are essential characteristics to be successful in this role.


A day in the life of a Recovery Specialist will include:

  • Managing the process for disposing of any assets owned by the credit union, to include rehabilitations, management, and resale of vehicles, (boats, RV’s etc.)
  • Assigning accounts to foreclosure attorneys and repossession companies; voluntary, involuntary, abandoned, and impounded assets.
  • Notifying corresponding departments and documenting once assets have been secured and/or foreclosure has been completed.
  • Processing mortgage reinstatements and vehicle redemptions according federal and state guidelines. Assisting in activities related to loss mitigation to include loan extensions, loan modifications and foreclosures.
  • Troubleshooting and resolving member and internal inquiries in a timely, friendly, and professional manner. Ensuring all written and verbal member correspondence and all related information are documented and/or scanned accurately and timely into the Collections system.

Top benefits or perks:


Joining Lafayette Federal comes with perks to support you in your personal and professional journey.

We provide employees with a generous benefits package including:

  • Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
  • Fully funded deductible (HMO Plan)
  • 401k employer matching contribution
  • Income protection with life insurance, short and long-term disability
  • Paid time off, holiday leave & birthday leave
  • Educational assistance
  • Commuter benefits program and more!

 Pay: $52,621 - $56,000 annually (or $25.30 - 27.59/hr) depending on experience and qualifications. 


Location:

We are headquartered in the heart of Rockville, MD where career growth meets urban vitality. Experience the perfect balance of professional opportunity and a lively community, creating a unique environment for success and fulfillment. Some traveling is required for this position.


The job posting highlights the most critical responsibilities and requirements of the job. It is not all-inclusive. There may be additional duties, responsibilities, and qualifications for this job.


*Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer

*EOE/AA/DISABILITY/VETERAN

Salary : $52,621 - $56,000

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

What is the career path for a Recovery Specialist?

Sign up to receive alerts about other jobs on the Recovery Specialist career path by checking the boxes next to the positions that interest you.
Income Estimation: 
$95,171 - $112,687
Income Estimation: 
$53,749 - $70,310
Income Estimation: 
$108,352 - $127,941
Income Estimation: 
$41,106 - $55,997
Income Estimation: 
$49,730 - $59,304
Income Estimation: 
$47,608 - $62,417
Income Estimation: 
$50,682 - $63,955
Income Estimation: 
$55,827 - $76,090
Income Estimation: 
$78,288 - $115,184
Income Estimation: 
$104,460 - $141,187
Income Estimation: 
$89,006 - $132,618
Income Estimation: 
$47,608 - $62,417
Income Estimation: 
$57,413 - $74,551
Income Estimation: 
$64,534 - $93,877
Income Estimation: 
$55,019 - $71,101
Income Estimation: 
$34,543 - $46,922
Income Estimation: 
$43,327 - $52,128
Income Estimation: 
$41,106 - $55,997
Income Estimation: 
$35,762 - $48,637
Income Estimation: 
$46,990 - $59,829

Sign up to receive alerts about other jobs with skills like those required for the Recovery Specialist.

Click the checkbox next to the jobs that you are interested in.

  • Compliance Management Skill

    • Income Estimation: $53,435 - $68,530
    • Income Estimation: $52,572 - $80,236
  • Investigations Skill

    • Income Estimation: $52,680 - $66,005
    • Income Estimation: $59,793 - $89,166
View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

Job openings at Lafayette Federal Credit Union

Lafayette Federal Credit Union
Hired Organization Address Rockville, MD Full Time
Description NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID. Please note that we are exclu...
Lafayette Federal Credit Union
Hired Organization Address Rockville, MD Full Time
NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID. Please note that we are exclusively consi...

Not the job you're looking for? Here are some other Recovery Specialist jobs in the Rockville, MD area that may be a better fit.

Patient Recovery Specialist

Home Recovery-Home Aid, Montgomery, MD

Recovery Specialist

RSI ENTERPRISES INC, Herndon, VA

AI Assistant is available now!

Feel free to start your new journey!