Collateral Specialist (Full Time) - Plano

About the role

Responsible for ensuring the protection of all collateral which includes, accurate and timely recording of collateral documents, safekeeping of original documents, and release of collateral upon payoff of loan, all within required regulations and guidelines.

Responsibilities

• Organize, file, maintain and track all Consumer and Commercial collateral documentation
• Review system collateral records and loan documents for accuracy and completion
• Timely processes collateral documentation to ensure the bank obtains priority lien position
• Reviews documents for accuracy prior to recording of lien
• Ensures the safekeeping of original loan and collateral documents in fireproof file cabinets
• Processes Letters of Guarantee for insurance companies and Dealer Draft requests
• Processes Lien releases and Mails Paid in full (PIF) letters and loan documentation to customers
• Processes internal and external