Asset Recovery Paralegal

Position Purpose

The Asset Recovery Paralegal is responsible for supporting legal recovery efforts related to small claims judgments, claim and delivery actions, collection litigation, and collateral recovery. This position ensures legal actions are completed in a timely and accurate manner while maintaining compliance with applicable laws, regulations, and court requirements. The role works closely with members, attorneys, and court personnel to facilitate the recovery of delinquent debts and mitigate losses to REV Federal Credit Union.                                          

Duties & Responsibilities

Assumes Responsibility for Operational Leadership and Branch Support:

• Organizes and coordinates a high volume of collection, litigation, and recovery matters


• Communicates professionally with members, attorneys, and court personnel


• Manages litigation and deadlines


• Prepares, reviews, and files necessary documents with the court and county offices


• Serves as an administrative support resource for the Asset Recovery Department


• Ensures all legal correspondence and documentation received by Asset Recovery is reviewed and routed to the appropriate party for approval and action


• Prepares, receives, and reviews documentation and works closely with members and internal and external counsel to ensure that all required documents are completed within the deadlines set by the court


• Maintains accurate records and case files for all legal recovery activities


• Diligently reviews loans assigned to legal counsel to ensure that the process is being completed efficiently so that it is completed within the allowable state timeline 

Legal Recovery:

• Evaluates loan files to ensure all required notices and documentation have been provided prior to initiating proceedings


• Prepares legal referral packages and forwards them to designated legal counsel


• Monitors accounts assigned to attorneys to ensure legal actions progress efficiently and within state-mandated timelines


• Files actions through Small Claims Court to obtain judgments when appropriate


• Maintains complete and accurate records of all expenses within the appropriate general ledger accounts 

Loss Mitigation and Member Assistance:

• Works collaboratively with members to identify loss mitigation opportunities when appropriate


• Establishes and monitors repayment agreements based on a member's financial ability to repay


• outstanding debt


• Refers accounts requiring additional loss mitigation review or approval to management

Reporting and System Maintenance:

• Updates Keystone / Fusion to ensure all actions, communications, deadlines, and outcomes are properly documented, tracked, and monitored


• Prepares departmental reports as requested by Senior Management


• Completes required monthly reports accurately and within established deadlines

Team Accountabilities:

• Supports and upholds REV FCU standards and values


• Adheres to the REV FCU Code of Ethics and ensures that confidential information is safeguarded


• Maintains a high level of cooperation and professionalism with all associates to support efficient operations and exceptional member service


• Communicates new ideas and suggestions that will improve profitability and efficiency for REV FCU overall operation


• Processes payments for delinquent loan payments as needed


• Maintains neat and organized work area and scans all pertinent documentation


• Assists as a backup for the charge-off and negative share specialist and loss mitigation specialist as needed


• Performs other duties as assigned by management and as needed

Skills & Qualifications

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities 

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)