Collateral Management Specialist

Position Overview

The Collateral Management Specialist is responsible for the creation of loan/collateral files, uploading applicable documentation into the bank’s imaging system and following up on post-closing related items, which includes obtaining liens on vehicle titles, recorded mortgages, final title policies, insurance follow-up, UCC portfolio management. In addition, processing collateral releases in accordance with the paid loan process, preparing payoff letters and document retention.

• Indexes and scans loan documents into system.
• Maintains organized physical files and records.
• Insurance monitoring and tracking for insurance expirations.
• Obtains the bank's lien on vehicle titles.
• Monitors the UCC portfolio for pending expirations as well as resolves any exception related items encountered with filing exceptions.
• Prepares Payoff Letters in accordance with Bank procedures and regulations.
• Processes incoming Service Requests related to the Collateral Management Team.
• Records Mortgages, as needed, for the Consumer/Residential Department.
• Generates releases of collateral on paid loans in accordance with regulation and the paid loan process.
• Provides release/paid documents to 3rd party mortgage servicing vendor.
• Organizes and releases customer purchased tax certificates and floor plan titles.
• Assists with document collection for loan support projects and audits.
• Provide responses to Subpoena or Summons requests for loan documentation.
• Responsible for complying with all Bank policies and Federal and State banking laws and regulations.

• High School diploma or equivalent and one or more years’ experience in consumer or commercial documentation, or related; or equivalent combination of education and experience.

• Knowledge of consumer and commercial compliance regulations.
• Proficient with Microsoft Office (Excel, Word and Outlook).
• Detail oriented with excellent organizational, analytical, and problem-solving skills.
• Must be able to multi-task in a fast-paced environment.
• Exceptional verbal and written communication skills.
• Proven ability to work both independently and as a team member.

• Bachelor’s degree a plus
• Jack Henry, CT Lien, and Loan Vantage experience a plus.

This position requires the incumbent to work onsite on a daily basis to perform the regular responsibilities of the role.

Base pay: $20.50 - $26.65/hour

Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent’s knowledge, skills and experience.