Paid Loan Collateral Specialist

Fulton Bank • North Cornwall Township, PA

1d • Onsite

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 primarily for Commercial 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 position works under strictly regulated time requirements and will access and edit information on multiple systems. The Level III Specialist will complete assignments of the highest degree of scope or complexity and will advise junior staff.

Requirements

• High School Diploma or equivalent. (Required)
• 3 or more years Lending practice or documents to include customer interaction. (Required)

Nice To Haves

• Associate Degree or the equivalent experience. Specialty: Business or other applicable. (Preferred)
• 2 or more years Commercial Lending documentation. (Preferred)

Responsibilities

• Review and compare collateral documents and records on core and tracking systems for satisfied loans, verified paid status, research and resolve escalated discrepancies, engage internal and external stakeholders, escalate more complex issues to manager
• Process lien satisfactions, including mortgages/deeds of trust, assignments, vehicle titles (electronic or sign-off on hard copy), cancelling guarantees, 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, access unapplied funds reports and engage Lenders to determine and process refunds
• Monitor, train and mentor junior staff, assist with system upgrades, installations and testing, review, edit and maintain departmental operating procedures

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
• robust wellness program with financial incentives

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED