Loan Collateral Representative III

Primary Purpose This position is primarily responsible for processing all paid out loans within the regulatory timeframe and assisting the department/lending personnel as needed. The good-faith compensation range for this role is expected to be $45,000 - $62,000, based on the role, market, internal equity, and candidate qualifications. Essential Responsibilities Fully efficiently navigates through all systems used for Collateral functionsPerfects/releases vehicle liens and/or unsecured loansAdds knowledge of all documents used to determine the release of real state liens and preparation of satisfactionsAssists lending personnel as it pertains to Collateral questions/releasesReviews paid loan reports daily in accordance with department proceduresDocuments release dates in Insight and delete Collateral where appropriateLogs into BPI daily to verify that Collateral has received a physical note for all loans that appear as booked and assists lending personnel with LCA forms submitted to change or release collateralFiles all incoming negotiable collateral, promissory notes, guaranty agreements, and any other documents maintained in the VaultMonitors the electronic lien system regularly to clear vehicle title exceptions and ensure lien perfectionRecords title exceptions in Advisor for all vehicle titles that have been released for any reason other than a full payoffProcesses all paid out loans according to department policy, procedures, and state regulationsEnsures the bank’s lien has been satisfied appropriatelyCompletes notification emails to lenders on paid loans in accordance with the department proceduresAdheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA)Performs other duties as required or assigned which are reasonably within the scope of the duties in this job classification Minimum Required Skills & Competencies High School graduate degree or equivalentExquisite member service skills in-person, on the telephone, and through emailMust be able to work independently, use logic and judgement to make appropriate decisions, and be comfortable with flexible assignments and limited supervisionExperience working with DMV or auto dealership in financing and titlingExperience working in the paralegal field with real estate or the deed recordation office at circuit courtProficiency in Outlook and Microsoft Office Products Desired Skills & Competencies Education with an emphasis in Business or FinancePrevious work with real estate/paralegal and knowledge of retail and commercial loan documentation, preferably previous experience in preparing real estate certificates of satisfactionPrevious experience in using the electronic recordation system for real estate releases, preferably SimplifileExperience in using the electronic titling system, preferably DealerTrackPrevious experience using Advisor, BPI, Insight, and Image Centre Physical Requirements Express or exchange ideas by means of the spoken word via email and verbally.Exert up to 10 pounds of force occasionally, use your arms and legs, and sit most of the time.Have close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.Not substantially exposed to adverse environmental conditions.The physical demands described here are representative of those that must be met by an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities.