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GTC Collections

Summary Responsible to monitor and report upon defaults and collection processes. The GTC Collections will work with legal counsel in all four processes (collection, default, foreclosure, and property management) until the borrower cures the default or the property is sold and bondholders paid.

Essential Duties and Responsibilitiesinclude the following:

  • Monitor actions of late paying issuers;
  • Monitor cure and pay dates;
  • Gather the necessary account detail required by legal counsel to be used in default and acceleration letters;
  • Work with issuers as it relates to work-out plans;
  • Work closely with attorney s offices regarding forbearance agreements, reinstatement agreements, bankruptcies and foreclosures;
  • Order appraisals and phase-one reports prior to foreclosure;
  • Engage state-specific attorneys and realtors for foreclosed properties;
  • Manage foreclosed properties;
  • Negotiate purchase contracts by working with the title company and attorney s foreclosing on the sale of the property;
  • Prepare Board reports;
  • Update reports used by internal departments;
  • Prepare bondholder letters;
  • Monitor annual compliance requirements;
  • Respond to inquiries via phone and e-mail from bondholders, broker/dealers, brokers and attorneys.
  • Other work related duties as assigned.

Qualificationsto perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Must have the ability to write routine reports and correspondence;
  • Must be proactive at all times;
  • Must have the ability to speak effectively before groups of customers or co-workers;
  • Must have the ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form;
  • Must have the ability to deal with problems involving several concrete variables in standardized situations;
  • Must have thoroughness, professionalism, neatness, organizational and follow-up skills as well as the ability to pay close attention to details;
  • Must be proficient in Microsoft Office applications, Internet, e-mail and have a working knowledge of accounting software; and
  • Must pass credit and background screening process.

Education and/or Experience

  • Associate's degree (AAS) or equivalent from two-year college or technical school, required;
  • Six months to one year related experience; and/or equivalent combination of education and experience.


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