Loan Operations Specialist II - Collateral Services

First Bank•Creve Coeur, MO

About The Position

This position exists to release the bank's lien position on collateral pledged to all commercial and consumer loans. This position also processes/researches inquiries requesting releases of loans acquired through acquisitions and purged loans.

Requirements

Associate's degree (A.A) or equivalent from two-year college or technical school
Five to seven years previous banking experience, with a minimum of two years in bank operations; or equivalent combination of educations and experience
PC proficiency in Word and Excel required
Two year's management experience, required

Nice To Haves

NCP and AAP certificates preferred

Responsibilities

Verify the information in loan file matches with the closed loan report and the Signature system.
Maintain close contact with the Client Services group to ensure documented instructions are followed.
Prior to executing the release documents, review contractual obligations of borrower as it pertains to the release of collateral, verifying loan(s) are properly satisfied.
Complete appropriate state-specific documentation and forwards release document(s) as instructed by lender, branch, title companies, etc.
Ensure that all lien(s) are released within compliance timeframes.
Update Signature system and file tracking system.
Build, update and clear ticklers/exceptions in tracking system as appropriate.
Scan recorded documents into Imaging system.
Review insurance certificates and updates and/or build ticklers/exceptions in the tracking system.
Apply knowledge of all laws, compliance, regulations, First Bank credit policies and bank procedures governing timely release of paid loan collateral.
Work closely with the Collateral Management Supervisor on special projects.