Collateral Specialist (Full Time) - Victoria Navarro

PROSPERITY BANK•Victoria, TX

50d

About The Position

Responsible for ensuring the protection of all collateral which includes, accurate and timely recording of collateral documents, safekeeping of original documents, and release of collateral upon payoff of loan, all within required regulations and guidelines.

Requirements

High School Diploma or GED.
Spreadsheet software and Word processing software
General filing systems
Knowledge of applicable bank mainframe systems
Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization
Must possess the ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations.
Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions. Ability to deal with problems involving a few concrete variables in standardized situations.
To perform this job successfully, an individual should have knowledge of Spreadsheet software and Word Processing software.
Must be detail orientated
Tact in dealing with customers and employees
Light typing; moderate to heavy computer input
Thorough knowledge of general filing systems
Highly organized
Good verbal and written skills
Thorough knowledge of all applicable Bank mainframe systems.
Proficient computer skills

Nice To Haves

Three plus years Mortgage, Consumer and Business loan servicing and/or collateral handling preferred.

Responsibilities

Organize, file, maintain and track all Consumer and Commercial collateral documentation.
Timely processes collateral documentation to ensure the bank obtains priority lien position
Reviews documents for accuracy prior to recording of lien
Ensures the safekeeping of original loan and collateral documents in fireproof file cabinets
Processes Letters of Guarantee for insurance companies.
Processes Dealer Draft requests
Maintains excel spreadsheet and reconciles all Note Receivables against borrowing base monthly
Sets up individual tracking for each property by item key number on large commercial loans
Processes UCC continuations, terminations and Lien releases and Mails Paid in full (PIF) letters and titles to customers
Works UCC alerts timely and alerts the Loan Officer and management of any issues that could impact our lien or our lien position
Processes internal and external customer’s telephone, mail, e-mail, and requests regarding the existing Real Estate, Commercial and Consumer Loans
Responsible for following up on outstanding collateral exceptions and reaching out to the lending staff for assistance on documents that are needed to secure our collateral
File and maintain al incoming titles and white slips and other collateral documentation
Follows all compliance policies and procedures
Performs other duties as assigned, tasks and special projects as required, assigned, or directed.