A professional who coordinates activities to collect delinquent commercial loans. Responsibilities include:

• 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.