Loan Servicing Representative

Posted 10hrs ago

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Job Description

Remote loan servicing representative collecting delinquent auto-loan payments for Exeter Finance. Arranging payment solutions, documenting accounts, and reducing delinquency.

Responsibilities:

  • Assist with recovery efforts on accounts 5 to 80 days delinquent
  • Answer customer inquiries about daily interest accrual, payment schedules, due date changes, account status, payment options, and collection actions
  • Contact customers by phone to collect overdue payments and arrange payment solutions
  • Document customer interactions and account activities using collection software and systems
  • Review delinquent accounts, determine collection strategies, identify at-risk accounts, and escalate complex cases or disputes
  • Monitor payment trends and proactively engage customers showing signs of financial difficulty
  • Reduce delinquency while meeting collection targets and resolution-rate goals
  • Collaborate with legal, customer service, and other internal teams
  • Ensure compliance with company guidelines, the Fair Debt Collection Practices Act (FDCPA), and relevant regulations

Requirements:

  • High school diploma or equivalent
  • 0–3 years of relevant work experience
  • Previous experience in collections, customer service, or a related field
  • Strong negotiation skills
  • Advanced knowledge of collections processes, payment systems, and applicable collections laws and regulations
  • Excellent verbal and written communication skills
  • Strong organizational skills and ability to manage and prioritize a large portfolio of accounts
  • Proficiency with collection software and systems and basic office software such as MS Office
  • Ability to handle difficult or complex customer situations with professionalism, empathy, and problem-solving skills
  • Ability to work independently with minimal supervision and collaboratively as a team member
  • Strong attention to detail and accurate documentation and tracking of account status
  • Goal-oriented approach focused on meeting or exceeding performance targets
  • Ability to maintain composure in high-pressure situations and resolve customer disputes or complaints efficiently

Benefits:

  • Monthly bonus
  • Remote work arrangement