Paid Loan Collateral Specialist I
About The Position
This is a full-time, onsite career opportunity based out of our Downtown Lebanon location in Lebanon PA. The primary responsibility to this position is to execute collateral satisfaction procedures for Consumer and Residential Mortgage loans that have been paid-in-full. In accordance with established processes and procedures, the incumbent reviews and prepares associated loan and collateral satisfaction documentation and provides it to borrowers and other external stakeholders. The positon works under strictly regulated time requirements and will access and edit information on multiple systems.
Requirements
- High School Diploma or equivalent.
Nice To Haves
- 0 to 6 months Lending practice or documents.
Responsibilities
- Review and compare collateral documents and records on core and tracking systems for satisfied loans, verified paid status, research and resolve minor discrepancies, engage internal and external stakeholders, escalate more complex issues to senior staff or manager
- Process lien releases, including mortgages/deeds of trust, vehicle titles (electronic or sign-off on hard copy), , terminating UCC financing statements within respective systems, promptly respond to unexpected requests, ensure time requirements are met
- Prepare and furnish collateral satisfaction documents to borrowers and other external stakeholders, assemble, record and distribute related payoff and collateral packages, including borrower refunds
- Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.
Benefits
- medical plans with prescription drug coverage
- flexible spending account or health savings account depending on the medical plan chosen
- dental and vision insurance
- life insurance
- 401(k) program with employer match
- Employee Stock Purchase Plan
- paid time off programs
- holiday pay
- paid volunteer time
- disability insurance coverage
- maternity and parental leave
- adoption assistance
- educational assistance
- a robust wellness program with financial incentives
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
