Concord Servicing

Compensation

Full Description

Concord Servicing is a leading loan-servicing company with more than three decades of experience delivering high-quality solutions for originators, lenders, and capital providers across consumer and commercial markets. In June 2025, we welcomed Orion First, a market-leading third-party servicer specializing in commercial loan and lease portfolios, to the Concord family. This integration positions us to offer a full-scope servicing platform: from consumer to commercial, from origination through payments, collections, data analytics, backup servicing, and business intelligence. Our Mission We exist to deliver exceptional servicing outcomes for our clients and borrowers by combining deep domain expertise, robust technology platforms, and a steadfast focus on compliance, risk management, and client service. With this expanded platform, we aim to be the go-to partner across the credit lifecycle for both consumer-finance and commercial/lease portfolios. About the Role The position is responsible for managing commercial accounts that are more than 90 days past due. Primary duties include developing and executing collection strategies to achieve full payment, negotiate cash settlements, or establish structured payment plans. The role requires effective use of collection and negotiation techniques, sound judgment, and adherence to internal policies and procedures. Key Responsibilities Review and develop collection strategies for accounts over 90 days past due, focusing on full payments, cash settlements, or appropriate payment plans. Utilize effective collection and negotiation techniques to mitigate losses prior to charge-off and litigation. Negotiate forbearance and restructure agreements; refer cases requiring legal action to the Asset & Litigation specialist. Timely refer repossession of leased equipment and provide input for final equipment sales to the Asset & Litigation specialist. Assist in the litigation process to ensure timely filing of lawsuits. Manage bankruptcies by filing timely proofs of claim and communicating with debtors' counsel and Bankruptcy Trustees. Conduct asset searches and skip tracing as necessary. Document collection efforts and account strategies in CMARS and maintain organized correspondence files. Keep management updated on significant developments related to account activities. Ensure compliance with internal policies and utilize outside collection agencies when appropriate. Maintain accurate records and provide timely updates for management reporting. Perform other assigned duties as needed. Proven negotiation and communication skills Considerable knowledge of the FTC Fair Debt Collection Practices Act Proven collection skills and knowledge of standard collection practices Skill in the use of various software applications including but not limited to MS Word and Excel, CMARS, IFS LeaseWorks, Credit Bureaus, Accurint and others. Experience in working with attorneys in successful collections litigation Ability to prioritize and organize work efficiently Identify and make recommendations to implement improved processes Good oral and written skills with the ability to influence and attain closure on collection issues. Strong research abilities demonstrating effective skip tracing and asset search techniques with a desire to resolve issues timely. Able to manage multiple priorities, act decisively in all problem resolution areas and perform under pressure. Health Care Plan (Medical, Dental & Vision) Retirement Plan (401k, IRA) Life Insurance (Basic, Voluntary & AD&D) Paid Time Off (Vacation, Sick & Public Holidays) Family Leave (Maternity, Paternity) Short-Term & Long-Term Disability Wellness Resources