| Job Title |
Commercial Loan Collection Officer |
| Job Description |
Coordinates Activities To Collect Delinquent Commercial Loans:
Reviews Files Of Commercial Loans In Default To Determine
Collateral Held By Bank. Writes Letter To Customer To Demand
Payment Of Loan Balance. Calls Or Visits Customer To Determine
If Repayment Plan Can Be Established. Computes Repayment
Schedule, Using Calculator. Determines If Status Of Customer's
Financial Position Prevents Repayment Of Loan And Justifies
Re-classifying Loan As Non-revenue Producing. Initiates
Collateral Liquidation When Customer Does Not Repay Loan.
Petitions Court To Transfer Title And Deeds Of Collateral To
Bank. Coordinates Maintenance And Repairs To Property.
Coordinates Activities To Maintain Income Flow Related To Seized
Assets, Such As Notifying Renters To Mail Payments To Financial
Institution. Calls Real Estate Broker To Initiate Sale Of Real
Estate. Calls Auctioneer Or Liquidation Specialist To Sell
Specified Property, Such As Machines, Equipment, And Inventory
At Public Auction. Specifies Changes To Bank Records On Value Of
Loan. May Testify At Legal Proceedings.
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