What are the responsibilities and job description for the Loan Operations Collateral Monitoring Specialist position at Country Club Bank?
Loan Operations Collateral Monitoring Specialist
Job Function : Provide general support to Lending staff and Collateral Monitoring staff by imaging and reviewing loan files, perfect collateral, processing paid loan debt by releasing collateral in a protective and timely manner. Responsible for managing collateral vault of safekeeping items. Process ticklers such as Certificates of Good Standing, Paid Tax receipts, UCC Post Filing Searches and UCC Continuations. Monitor and process Paid Taxes and Insurance managed in escrow accounts.
Essential Duties and Responsibilities :
- Perfect Collateral with State and county offices
- Pull daily paid note reports and maintain tracking spreadsheet
- Prepare collateral release forms, coordinate with loan assistant(s) and lender(s) to obtain signed release authorization
- Prepare and process a wide variety of release documents including paper instruments and on line processing
- Process and monitor payment of release fees for various vendors
- Update exception items on IBS Tickler system
- Pull and purge paper loan files for imaging
- Pull and process paid promissory notes and collateral
- Communication with outside insurance vendor
- Analyze insurance coverage for proper collateral protection
- Process all insurance remittance to the digital imaging system
- Monitor any reporting or notices associated with insurance expirations or cancellations
- Review, analyze and distribute annual escrow statements
- Other tasks as assigned from time to time can include serving as backup to other Collateral Monitoring duties
Job Qualifications / Required Skills and Abilities :
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
