Loan Operations Specialist II - Collateral Services

About this Role

This position exists to release the bank's lien position on collateral pledged to all commercial and consumer loans. This position also processes/researches inquiries requesting releases of loans acquired through acquisitions and purged loans.

In this Role You Will

• Verify the information in loan file matches with the closed loan report and the Signature system.
• Maintain close contact with the Client Services group to ensure documented instructions are followed.
• Prior to executing the release documents, review contractual obligations of borrower as it pertains to the release of collateral, verifying loan(s) are properly satisfied.
• Complete appropriate state-specific documentation and forwards release document(s) as instructed by lender, branch, title companies, etc.
• Ensure that all lien(s) are released within compliance timeframes.
• Update Signature system and file tracking system.
• Build, update and clear ticklers/exceptions in tracking system as appropriate.
• Scan recorded documents into Imaging system.
• Review insurance certificates and updates and/or build ticklers/exceptions in the tracking system.
• Apply knowledge of all laws, compliance, regulations, First Bank credit policies and bank procedures governing timely release of paid loan collateral.
• Work closely with the Collateral Management Supervisor on special projects.

Qualifications, Competencies and Skills

Qualifications

Associate's degree (A.A) or equivalent from two-year college or technical school

Five to seven years previous banking experience, with a minimum of two years in bank operations; or equivalent combination of educations and experience

PC proficiency in Word and Excel required

Two year's management experience, required

NCP and AAP certificates preferred