Senior Collateral Review Coordinator
About The Position
BASIC PURPOSE: Administers the Bank’s collateral verification review process by collecting, reviewing, and facilitating the delivery of the information and data transfer between members and the Bank. ESSENTIAL FUNCTIONS: Prepares collateral verification reviews by communicating with members to obtain documentation needed throughout the CVR process including; reconciling loan trial balance and QCRs, selecting loan samples, providing collateral reporting and eligibility training, and facilitating the pre-review and post-review activities which may involve requesting and reviewing documentation necessary to clear exceptions as well as following up with members regarding the results of the review. Supports the Manager of Collateral Risk and the Collateral Risk Team Lead. Participates in departmental meetings related to collateral eligibility and identification of process weaknesses with recommendations for improvement. Assists management in formulating department policies and procedures. Interacts with member institutions, which often includes key management, regarding the eligibility of various assets as collateral and provides members with basic guidelines of the Bank's collateral policies.
Requirements
- Requires a strong knowledge of mortgage processing and underwriting, including loan documents and mortgage loan files.
- A thorough knowledge of Microsoft Word and Excel.
- Requires strong analytical skills and the ability to work within time constraints.
- Requires a highly detail-oriented individual with the skills needed to easily multi-task.
- Requires ability to manage multiple projects and work with limited supervision.
- Strong customer service and communication skills are required.
- Associate degree and/or four years of work experience in a financial institution environment, or the equivalent combination of education and experience.
- Applicants must be authorized to work for ANY employer in the U.S.
Nice To Haves
- A bachelor’s degree in finance, accounting, or real estate is preferred.
Responsibilities
- Prepares collateral verification reviews by communicating with members to obtain documentation needed throughout the CVR process including; reconciling loan trial balance and QCRs, selecting loan samples, providing collateral reporting and eligibility training, and facilitating the pre-review and post-review activities which may involve requesting and reviewing documentation necessary to clear exceptions as well as following up with members regarding the results of the review.
- Supports the Manager of Collateral Risk and the Collateral Risk Team Lead.
- Participates in departmental meetings related to collateral eligibility and identification of process weaknesses with recommendations for improvement.
- Assists management in formulating department policies and procedures.
- Interacts with member institutions, which often includes key management, regarding the eligibility of various assets as collateral and provides members with basic guidelines of the Bank's collateral policies.
Benefits
- In addition to an excellent work environment, the Bank offers its employees a flexible, highly competitive benefits package.
- For more information, please download our Summary of Benefits.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Associate degree
Number of Employees
1-10 employees
