Collateral Specialist - Lien Perfection

Wintrust Financial Corporation•Rosemont, IL

2d•Hybrid

About The Position

Wintrust is seeking a Collateral Specialist - Lien Perfection to be responsible for creating necessary exceptions for new loans and renewals to ensure tracking of required documentation for collateral folders for both consumer and commercial loan types. This role involves perfecting various types of collateral to ensure the Bank’s line is properly recorded or stated on all collateral, reviewing documentation packages for completeness, and clearing related exceptions. The ideal candidate will complete all tasks within assigned SLAs, establish collateral lien perfection as needed (Mortgage Recording, UCC filing, Vehicle Title Liens, Deposit Holds, etc.), and create collateral folders for new loans, filing them in the vault. The role also includes ensuring all trailing documents are filed in their respective collateral folders, researching and reviewing inquiries from the line of business regarding collateral, and assisting with research requests, audit reviews, and department projects as needed.

Requirements

High School diploma or equivalent.
Good understanding of both consumer and commercial loans.
Minimum 3 years of experience in an office or operations environment which services and supports banking line of business.
Highly organized and ability to complete a high volume of tasks within assigned service levels.
Good written and oral communication skills and organizational skills.
Good understanding of various loan documents, banking processing standards, best practices, and audit control procedures.

Nice To Haves

IBS system experience preferred.

Responsibilities

Create exceptions for new loans and renewals to track for original documentation.
Establish collateral lien perfection as needed (Mortgage Recording, UCC filing, Vehicle Title Liens, Deposit Holds, etc.).
Review original loan packages for completeness and clear related exception items.
Create collateral folders for new loans and file in the vault.
Ensure all trailing documents are filed in their respective collateral folders.
Research and review inquiries from the line of business regarding collateral.
Assist with research requests, audit reviews, and department projects as needed.
Complete all tasks within the assigned SLAs.

Benefits

Medical Insurance
Dental
Vision
Life insurance
Accidental death and dismemberment
Short-term and long-term Disability Insurance
Parental Leave
Employee Assistance Program (EAP)
Traditional and Roth 401(k) with company match
Flexible Spending Account (FSA)
Employee Stock Purchase Plan at 5% discount
Critical Illness Insurance
Accident Insurance
Transportation and Commuting Benefits
Banking Benefits
Pet Insurance
Competitive pay and discretionary or incentive bonus eligible
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement
Family-friendly work hours