SCRA Specialist I - Navy Federal Credit Union

Overview



To review and process requests for interest rate reduction under the Service member Civil Relief Act (SCRA) qualifications. Serve members by answering SCRA inquiries and questions pertaining to Navy Federal lending products via internal and external communication platforms including private and federal educational loans. Create and execute daily, weekly and monthly reporting to Executive and Senior leadership. Level I: Work under moderate supervision.



Responsibilities




+ Prepare, research, and process requests from members applying for the interest rate reductions under the SCRA


+ Validate receipt of members' military documents and active duty information on documentation


+ Determine acceptability of active duty documents and eligibility of lending accounts; evaluate SCRA requests against federal guidelines to determine approval/disapproval of document for SCRA


+ Audit and adjust Navy Federal Mortgages, Consumer Loans, Credit Cards and Checking Lines of Credit (CLOCs) for qualifying members of SCRA


+ Perform complex debt account transactions and adjustments, using several NFCU subsystems, to process interstate and minimum monthly payments changes and adjustments


+ Complete rate, amortizing, and billing adjustments on eligible accounts at both initiation and release from SCRA coverage


+ Reimburse (if applicable) accounts for overpaid interest due to retro-active SCRA adjustments using applicable lending systems and JVS


+ Submit reimbursement requests to investors monthly and quarterly (i.e., Fannie Mae, Ginnie Mae and Freddie Mac); monitor and insure reimbursements are received by investors


+ Conduct mandatory quarterly and monthly analysis and investigate SCRA Investor mortgages (Fannie Mae, Ginnie Mae, and Freddie Mac) to confirm compliance with investor regulations


+ Regularly monitor and review SCRA account activity and follow up with members when orders near expiration date to determine continued eligibility


+ Place members into the SCRA database, process extensions and release letters


+ Review/analyze Navy Federal Accounts under SCRA protection for reporting purposes


+ Perform monthly and quarterly audits on Navy Federal mortgage accounts


+ Respond/investigate/research/resolve internal audit findings


+ Review and process approved and declined SCRA coverage from Service Partners


+ Counsel internal partners and external members regarding Navy Federal's policy regarding compliance with the SCRA


+ Advise members of SCRA requirements and applicable Navy Federal rules and regulations


+ Research and investigate military documents to make decisions supporting Navy Federal's policy in compliance with the SCRA and complex questions regarding eligibility


+ Research and respond to CFPB and BB complaints


+ Serve as subject matter expert regarding Navy Federal policies regarding the extension of SCRA protection


+ Performs other related duties as assigned




Qualifications




+ Familiarity with financial institution and lending practices, principles and regulations


+ Experience in member/customer service preferably in a call center/retail banking/financial institution


+ Familiarity with financial transaction/processing related responsibilities


+ Ability to work independently and in a team environment


+ Experience in managing multiple priorities independently and/or in a team environment to achieve goals


+ Effective skill interacting with staff, management, vendors, members diplomatically & tactfully


+ Effective verbal and written communication skills


+ Effective skill navigating multiple screens and PC applications and adapting to new technologies


+ Effective skill performing mathematical calculations and working accurately with numbers


+ Effective word processing and spreadsheet software skills


+ Ability to work effectively and efficiently with automated systems


+ Effective skill maintaining accuracy with attention to detail and meeting deadlines


+ Effective skill reviewing documents for errors, inconsistencies or missing information


+ Effective research, analytical, and problem solving skills


+ Effective skill following, interpreting and applying guidelines, procedures, practices, regulations


+ Effective skill exercising initiative and using good judgment to make sound decisions


+ Effective organizational, planning and time management skills



Desired Qualifications



+ Basic skill in interpreting, understanding military orders and government documentation


+ Familiarity with NFCU products, services, programs, policies and procedures


+ Exposure to SCRA database functions and applying interest/payment adjustments for consumer loans & credit cards


+ Exposure to utilizing lending systems


+ Familiarity with SCRA rules and regulations



Hours: Monday - Friday, 11:00AM - 7:30PM


Locations: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Dr Pensacola, FL 32526 | 141 Security Dr. Winchester, VA 22602 | 11270 St Johns Industrial Parkway South, Jacksonville, FL 32246



About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.



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• Fortune Best Workplaces for Millennials™ 2023



• Fortune Best Workplaces for Women ™ 2023



• Fortune 100 Best Companies to Work For® 2024



• Military Times 2023 Best for Vets Employers



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• Ripplematch Campus Forward Award - Excellence in Early Career Hiring



• Yello and WayUp Top 100 Internship Programs



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Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability



Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.



Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position



Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.



REQNUMBER: 21143-OTHLOC-100005807416314