Collateral Specialist (Full Time) - Victoria

PROSPERITY BANK•Victoria, TX

10d

About The Position

The Collateral Specialist is responsible for protecting the bank’s collateral by accurately and promptly recording collateral documents, safeguarding original documents, and releasing collateral after loan payoff in accordance with applicable regulations and guidelines. The role supports Consumer and Commercial loans and handles Real Estate, Commercial, and Consumer loan inquiries and documentation. This position has no supervisory responsibilities. The listed responsibilities are not exhaustive, and additional duties or projects may be assigned.

Requirements

High school diploma or GED.
Knowledge of spreadsheet and word-processing software, general filing systems, and applicable bank mainframe systems.
Good attention to detail and multitasking skills.
Good interpersonal, oral, and written communication skills.
Good PC skills, including Microsoft Office, Excel, Word, and Outlook.
Tact in dealing with customers and associates.
Very organized.
Ability to perform light typing and moderate-to-heavy computer input.
Ability to read and comprehend simple instructions, short correspondence, and memos; write simple correspondence; and present information effectively in one-on-one and small-group situations.
Ability to follow detailed but uninvolved written or oral instructions, solve problems involving a few concrete variables in standardized situations, and apply fractions, percentages, ratios, and proportions to practical situations.
Ability to meet the role’s physical requirements, including frequent talking and repetitive wrist, hand, or finger movements; average hearing and visual acuity; and sedentary work with occasional exertion of up to 10 pounds.

Nice To Haves

Consumer and Business loan servicing and/or collateral handling experience.

Responsibilities

Organize, file, maintain, and track Consumer and Commercial collateral documentation.
Review collateral records in bank systems and loan documents for accuracy and completeness.
Process collateral documentation promptly to help ensure the bank obtains priority lien position.
Review documents for accuracy before recording liens.
Safeguard original loan and collateral documents in fireproof file cabinets.
Process Letters of Guarantee for insurance companies and Dealer Draft requests.
Process lien releases and mail paid-in-full letters and loan documentation to customers.
Respond to internal and external customer inquiries and requests by telephone, mail, and email regarding existing Real Estate, Commercial, and Consumer loans.
Follow up on outstanding collateral exceptions and contact lending staff for assistance obtaining documents needed to secure collateral.
File and maintain incoming titles, white slips, and other collateral documentation.
Follow all compliance policies and procedures.
Perform other assigned duties and tasks, including special projects.