The ideal candidate for the Collateral Release Proccessor will the skills and experience necessary to:
- Provide administrative and/or operational support within the one or more of the following loan areas; processing, closing, servicing, documentation, notes, disbursements, etc.
- May clear all identified loan exceptions.
- Maintain files, documents, notes, etc.
- Be responsible for verifying completeness of files with all necessary documents and signatures required.
- Perform review of loan and collateral documents and loan packages to insure bank’s security interest and adherence to established policies and procedures.
- Update computer system with pertinent collateral information and collateral exception information; track and clear said exceptions.
- Work with lending staff in resolving discrepancies in collateral documentation.
- Research and process rejected payments and handles payments received when collateral is released.
- Calculate pre-payments penalties and coordinates settle escrow funds when a loan is paid off.
- Incumbent is responsible for conducting a complete and accurate payoff transaction.
- Produce reports as required.
- Perform other duties as assigned.
- Requires High School diploma or equivalent and some previous banking or loan processing, documentation, servicing or other directly related experience.
- A combination of eduction and experience may meet job requirements.
- Basic knowledge of lending processes. procedures, loan documentation, exceptions, collateral review, payment and loan systems.
- Good interpersonal and communication skills. both verbal and written.
- Knowledge of banking processes helpful.
- Must have good organizational and customer service skills.
- Must be accurte, possess numeric and verbal aptitudes.
- Good research and audit skills.
- Ability to complete processes and meet deadlines.
- Working knowledge pc’s and various word processing, spreadsheet or related software.
