Collateral Specialist

Job Brief The Collateral Specialist is responsible for managing beginning to end lifecycle of loan collateral, property appraisal, and risk monitoring processes. This role ensures bank compliance with federal regulations, internal credit policies, and safety-and-sounded standards through meticulous auditing, report tracking, and cross-departmental coordination.

Principal Duties Valuation & Appraisal Management:
Oversee the beginning to end lifecycle of appraisals, evaluations, and validations - including but not limited to ordering, logging, and distributing reports to key internal personnel.a. Regulatory Knowledge & Policy Compliance:
Expertise in interpreting and applying federal banking regulations and internal credit policies to ensure full appraisal compliance.

Borrowing Base Monitoring:
Request, review, and track Borrowing Baser Certificates; execute collateral confirmation via mail / verification and perform routine lockbox maintenance.

Floorplan Inventory Auditing:
Compile, reconcile, and transmit inventory floorplan reports to third-party vendors, distributing audit result to key internal personnel.

LTV Exception Tracking:
Assist in daily audits of new loan originations to identify and log Supervisory and Policy Loan-to-Value (LTV) exceptions.

Property Tax Oversight:
Assist in conducting annual property tax audits and verifications across the loan portfolio.

Escrow Account Auditing:
Perform annual reviews of borrower escrow accounts to ensure regulatory and adequate funding; calculate and execute necessary adjustments, coordinate updates to internal key personnel, and issue formal disclosure letters to borrowers.

Real Estate Property Inspections:
Oversee the beginning to end lifecycle of Real Estate Property Inspections - ordering reports, maintaining accurate records, and routing final documents to key internal personnel.

Become knowledgeable and stay current with relevant government regulations and industry best practices. These include but are not limited to:a.Equal Credit Opportunity Act (Reg

B) b.HMDA (Reg

C) c.Flood Disaster Protection Actd.

Truth in Lending (Reg Z) e.Unfair, Deceptive and Abusive Acts and Practices (Reg AA) f.Fair Credit Reporting Act (Reg V) g.RESPA (Reg X) h.Bank Secrecy Acti.

Anti-Money Laundering Actj.

Privacy Act Participate in ongoing education opportunities to maintain competencies and learn about industry trends and developments.

Follow all Bank policies and procedures.

Complete other duties and responsibilities as assigned.

Other Duties Assist Credit Analysts with other duties as assigned such as but not limited to:
Analyze financial data and support key credit operations and manage specialized tracking tasks such as Coming Due Reports.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties,responsibilities and activities may change at any time with or without notice.

Essential Functions
1. As this is a position that requires duties be performed on a daily basis, attendance within policy guideline is essential. Exceptions to this, for medical or other pre-approved absences,should be documented in an individual’s personnel file.
2. A primary function is to communicate with bank employees, participating banks, customers,and others. Employee must be able to express oneself and exchange accurate information inperson, by phone and/or email.
3. Employee must be able to input, retrieve and assess information from computer and other office machinery.
4. Employee will operate a computer and other standard office communication devices and productivity machinery.

Competencies Communications Proficiency. Verbal and interpersonal skills are highly important with the ability to work well and effectively with all levels of Bank personnel, including executive management.

Computer Aptitude. Proficient use of Microsoft Word & Excel and ability to learn job-related software.

Customer/Client Focus.

Stress Management/Composure. Ability to multi-task and achieve results under high volume workloads.

Organized and Thorough. Must demonstrate a high level of attention…