Responsible for performing the release of collateral for the Bank’s paid-out loans and requests for partial releases and substitutions of collateral.
Manage and complete the collateral release processes of the Bank’s paid-out loan files.
Releases are processed on Real Estate Mortgage Loans filed through the appropriate counties; loans secured by paper Titles; loans secured by electronic Titles; loans secured by UCCs’; and loans secured by other security interests/sources.
Review and interpret collateral documents to ensure collateral being released is correct and to verify if collateral is crossed to additional loans and should be re-allocated rather than released.
Research bank files and public records as required to find all collateral documentation that may not be available from converted banks.
Determine if appropriate lending authority is obtained for requests for partial releases and/or substitutions of collateral.
Report paid-out status to MERS as required.
Maintains the integrity, organization, and accurate removal of files contained in the Support Center Collateral Vault; Pulls files as listed on the daily paid out reports.
Responds timely to all inquiries from customers, lenders and other bank personnel.
Follows departmental policies and procedures pertaining to problem resolution to ensure the area is in compliance with Federal and State regulations and Bank guidelines.
Keeps up-to-date with industry trends and regulations.

High School Diploma required
Experience in an operations or lending role relating to consumer, commercial and/or mortgage loans is preferred.
Knowledge of Mortgage, Commercial and Consumer collateral documents and collateral satisfactions is preferred.
Experience with FiServ systems software is preferred.

Loan Ops Collateral Release Specialist

Key skills