Loan Operations Specialist II - Collateral Services
First Bank, Saint Louis, MO, United States
About This Role
The Loan Documentation Specialist II - Collateral Services will release the bank's lien position on collateral pledged to all commercial and consumer loans. This position also processes/researches inquiries requesting releases of loans acquired through acquisitions and purged loans.
In this Role You Will
Verify the information in loan file matches with the closed loan report and the Signature system.
Maintain close contact with the Client Services group to ensure documented instructions are followed.
Prior to executing the release documents, review contractual obligations of borrower as it pertains to the release of collateral, verifying loan(s) are properly satisfied.
Complete appropriate state-specific documentation and forwards release document(s) as instructed by lender, branch, title companies, etc.
Ensure that all lien(s) are released within compliance timeframes.
Update Signature system and file tracking system.
Build, update and clear ticklers/exceptions in tracking system as appropriate.
Scan recorded documents into Imaging system.
Review insurance certificates and updates and/or build ticklers/exceptions in the tracking system.
Apply knowledge of all laws, compliance, regulations, First Bank credit policies and bank procedures governing timely release of paid loan collateral.
Work closely with the Collateral Management Supervisor on special projects.
Qualifications, Competencies And Skills
H.S. diploma or GED, required
B.A./B.S. in Business or related field, preferred
Minimum 2 years’ experience with loan documentation and collateral perfection; or equivalent combination of education and experience
Experience with Hazard/Flood insurance tracking, a plus
About Us Be a part of a growing company that is truly committed to its employees and clients. Consider joining the First Bank family. As a member of our family, you are part of one of the largest independent banks in the U.S. We are proud of our growth and success over the past 100 years and look forward to a bright and promising future.
Diversity At First Bank one of our biggest strengths is the diversity of our people. Our mission is to capitalize on the diversity of our associates and promote personal and professional development throughout every area of the organization. We encourage diversity by actively seeking employees from various backgrounds, walks of life, and job skills. We strongly encourage you to apply whenever a First Bank job opportunity interests you.
First Bank is a VEVRAA Federal Contractor and an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.
At First Bank, we embrace a hybrid work environment which allows employees to work at least three full days in the office with more or all in‑office days expected of our client facing teams and the groups that support them in the business. This hybrid work schedule will become available to the candidate upon successful demonstration of mastery of the skills required to be successful in this role.
Additional Details The range for this role takes into account many factors that First Bank considers when making hiring decisions, including but not limited to, prior experience, skill set, training, and other internal business and organizational factors. First Bank generally does not hire at or near the top of the range below. The range is driven by the geographic location of our estimated hiring location; however, the specific range may vary depending on the geographic location for remote positions. Compensation decisions depend on the specific facts and circumstances of each hiring instance. A reasonable estimate of the current pay: $21.50 - $26.00
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In this Role You Will
Verify the information in loan file matches with the closed loan report and the Signature system.
Maintain close contact with the Client Services group to ensure documented instructions are followed.
Prior to executing the release documents, review contractual obligations of borrower as it pertains to the release of collateral, verifying loan(s) are properly satisfied.
Complete appropriate state-specific documentation and forwards release document(s) as instructed by lender, branch, title companies, etc.
Ensure that all lien(s) are released within compliance timeframes.
Update Signature system and file tracking system.
Build, update and clear ticklers/exceptions in tracking system as appropriate.
Scan recorded documents into Imaging system.
Review insurance certificates and updates and/or build ticklers/exceptions in the tracking system.
Apply knowledge of all laws, compliance, regulations, First Bank credit policies and bank procedures governing timely release of paid loan collateral.
Work closely with the Collateral Management Supervisor on special projects.
Qualifications, Competencies And Skills
H.S. diploma or GED, required
B.A./B.S. in Business or related field, preferred
Minimum 2 years’ experience with loan documentation and collateral perfection; or equivalent combination of education and experience
Experience with Hazard/Flood insurance tracking, a plus
About Us Be a part of a growing company that is truly committed to its employees and clients. Consider joining the First Bank family. As a member of our family, you are part of one of the largest independent banks in the U.S. We are proud of our growth and success over the past 100 years and look forward to a bright and promising future.
Diversity At First Bank one of our biggest strengths is the diversity of our people. Our mission is to capitalize on the diversity of our associates and promote personal and professional development throughout every area of the organization. We encourage diversity by actively seeking employees from various backgrounds, walks of life, and job skills. We strongly encourage you to apply whenever a First Bank job opportunity interests you.
First Bank is a VEVRAA Federal Contractor and an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.
At First Bank, we embrace a hybrid work environment which allows employees to work at least three full days in the office with more or all in‑office days expected of our client facing teams and the groups that support them in the business. This hybrid work schedule will become available to the candidate upon successful demonstration of mastery of the skills required to be successful in this role.
Additional Details The range for this role takes into account many factors that First Bank considers when making hiring decisions, including but not limited to, prior experience, skill set, training, and other internal business and organizational factors. First Bank generally does not hire at or near the top of the range below. The range is driven by the geographic location of our estimated hiring location; however, the specific range may vary depending on the geographic location for remote positions. Compensation decisions depend on the specific facts and circumstances of each hiring instance. A reasonable estimate of the current pay: $21.50 - $26.00
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