Collateral Management Specialist
San Diego, CA Operations
Job Type

Our ideal candidate is someone who is excited to become a part of an awesome, fast-growing team and must display these three top (required) skills:

1. Process Driven

2. Self Motivated

3. Organizational Skills

General Position Summary:

Collateral Management Specialist is responsible for tracking, researching, recording, and scanning of all collateral documents in accordance with company policies and philosophy. The types of accounts include, but are not limited to auto, consumer and solar.


  • Medical, FSA & HSA, Dental, Vision + More!
  • 401k - 100% vested once you start contributing. Generous company match!
  • Regular employee health, wellness & engagement activities!
  • Pet Insurance, because fur babies are important to us too!

About Vervent: 

As one of the pre-eminent Lending as a Service (LaaS) companies, Vervent sets the global standard for outperformance by delivering superior expertise, future-built technology, and meaningful services. We support our industry-leading partners with primary strategic services including Loan & Lease Servicing, Call Center Services, Backup Servicing/Capital Markets Support, Credit Card Servicing, and Card Marketing & Customer Acquisition. Vervent empowers companies to accelerate business, drive compliance, and maximize service.

If you’re interested in reviewing the full job description, continue reading below…

Primary Responsibilities:

  • Verify state and send appropriate right to cure a letter at appropriate days past due
  • Update all appropriate system fields
  • Update account related system fields and document the account
  • Verify all repossession transport and miscellaneous fees to include on the notice of intent
  • Issue legal notice of intent letter within 48 hours specific to the individual state.
  • Handle all redemption and reinstatement calls and return the collateral if necessary
  • Update notice of intent to sell date in host system and vendor system
  • Arrange, ensure and monitor transport to appropriate auto auction
  • Collect, review and analyze auction condition report and compare to condition report from the repossession agent and question any discrepancies
  • Handle any damage claim resulting from the repossession or auction
  • Prepare and set floor value using current MMR values and current auction vehicle condition report
  • Research and provide auction feedback with any necessary needed items prior to sale date
  • Post sales proceeds to the account and update appropriate system status codes
  • Send deficiency balance letter with a full breakdown of fees on two-page document to all borrowers on the loan.


Position Requirements

  • High school diploma or equivalent.
  • Detail oriented, with good organizational skills.
  • Ability to prioritize multiple tasks.
  • Excellent verbal and written skills to effectively communicate in the English language.
  • Ability to work independently, and as a team member, while using discretion in decision making and sound judgement in problem solving.
  • Ability to maintain a high level of confidentiality.
  • Ability to work well under deadlines.
  • Proficient PC skills, with the ability to learn new software.
  • Previous experience with repossessions preferred.

Physical Requirements

The work is of an intellectual nature. While performing the functions of this job, the employee is required to stand and sit for prolonged periods. Specific vision abilities required include close and medium distance vision and the ability to adjust focus. Must be able to hear normal sounds, distinguish sound as voice and communicate through human speech. This position requires the ability to operate a keyboard, computer mouse, telephone, fax, copier, writing tools, and other standard office equipment. On an occasion, an employee will be asked to lift items weighing up to 35 lbs.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.


$15.87 - $21.15/hour