b1BANK
Loan Collateral Specialist
b1BANK, Lake Charles, Louisiana, us, 70612
SUMMARY
The Collateral Specialist is responsible for maintaining the integrity of the bank's collateral records and ensuring that all liens are perfected and required document to perfect the bank's lien are properly filed in safekeeping. The Collateral Specialist is also responsible for the safekeeping and timely filing of original loan documents which the bank is required to have in their possession.
SPECIFIC JOB DUTIESInput of on-going collateral maintenance (i.e., collateral descriptions, values, etc.) for the accuracy of the bank's collateral recordsReview supporting documentation for collateral to ensure accurate collateral records, including, but not limited to:
Lien searches and real estate title documents, to ensure bank's collateral position is perfected in accordance with various state lawsFlood determinations and applicable flood insurance, to ensure compliance with bank policy and applicable regulations;Environmental due diligence documents, to ensure policy requirements are met; andReal estate appraisals and reviews, to ensure policy and regulatory requirements are met.
Input, review, and clearing of collateral document tracking ticklersReview collateral documents received for accuracy and completenessInput, review, and clearing of collateral re-inscription and continuation ticklersProcess collateral re-inscriptions and continuations as required by state and federal lawsProcess and release of collateral and update the collateral record on the bank's core systems for closed loans & released collateralReview and record original mortgages, deeds of trusts, modifications, and UCC filingsPerform post-closing UCC searches to determine the bank's lien positionReview vehicle title documents for accuracy prior to sending to the bank's titling vendorMonitor the bank's Electronic Lien System for new liens placed on titled vehiclesReview collateral documentation to ensure any existing errors or deficiencies are correctedEngage and work with outside counsel, as neededMaintain the bank's loan and collateral vault
Timely filing of new loan and collateral documentsTimely removal of paid loan and released collateral documents
Research, review, understand, and differentiate between various stats laws regarding collateral perfectionImaging of original collateral documents revived via mail (i.e., recorded mortgages, UCC filing confirmations, lien releases, etc.)Work closely with the Collateral Protection Department on property tax tracking and payment of delinquent property taxesJOB REQUIREMENTS
Associate degree or bachelor's degree in a Business or Finance related field with 1 (one) year loan documentation and collateral experience; or 2 (two) years of loan documentation and collateral experienceKnowledge of real estate documents (Title Opinions, Title Insurance Documents, Mortgages, Appraisals, etc.)Knowledge of UCC rules and regulationsKnowledge of other departments, as they relate to loan operationsStrong interpersonal communicationStrong organizational and time management skillsStrong computer, keyboard, and software application (Microsoft Word and Excel) skills
Equal Opportunity Employer/Veterans/Disabled
The Collateral Specialist is responsible for maintaining the integrity of the bank's collateral records and ensuring that all liens are perfected and required document to perfect the bank's lien are properly filed in safekeeping. The Collateral Specialist is also responsible for the safekeeping and timely filing of original loan documents which the bank is required to have in their possession.
SPECIFIC JOB DUTIESInput of on-going collateral maintenance (i.e., collateral descriptions, values, etc.) for the accuracy of the bank's collateral recordsReview supporting documentation for collateral to ensure accurate collateral records, including, but not limited to:
Lien searches and real estate title documents, to ensure bank's collateral position is perfected in accordance with various state lawsFlood determinations and applicable flood insurance, to ensure compliance with bank policy and applicable regulations;Environmental due diligence documents, to ensure policy requirements are met; andReal estate appraisals and reviews, to ensure policy and regulatory requirements are met.
Input, review, and clearing of collateral document tracking ticklersReview collateral documents received for accuracy and completenessInput, review, and clearing of collateral re-inscription and continuation ticklersProcess collateral re-inscriptions and continuations as required by state and federal lawsProcess and release of collateral and update the collateral record on the bank's core systems for closed loans & released collateralReview and record original mortgages, deeds of trusts, modifications, and UCC filingsPerform post-closing UCC searches to determine the bank's lien positionReview vehicle title documents for accuracy prior to sending to the bank's titling vendorMonitor the bank's Electronic Lien System for new liens placed on titled vehiclesReview collateral documentation to ensure any existing errors or deficiencies are correctedEngage and work with outside counsel, as neededMaintain the bank's loan and collateral vault
Timely filing of new loan and collateral documentsTimely removal of paid loan and released collateral documents
Research, review, understand, and differentiate between various stats laws regarding collateral perfectionImaging of original collateral documents revived via mail (i.e., recorded mortgages, UCC filing confirmations, lien releases, etc.)Work closely with the Collateral Protection Department on property tax tracking and payment of delinquent property taxesJOB REQUIREMENTS
Associate degree or bachelor's degree in a Business or Finance related field with 1 (one) year loan documentation and collateral experience; or 2 (two) years of loan documentation and collateral experienceKnowledge of real estate documents (Title Opinions, Title Insurance Documents, Mortgages, Appraisals, etc.)Knowledge of UCC rules and regulationsKnowledge of other departments, as they relate to loan operationsStrong interpersonal communicationStrong organizational and time management skillsStrong computer, keyboard, and software application (Microsoft Word and Excel) skills
Equal Opportunity Employer/Veterans/Disabled