Corporate Loan Collateral Perfection Specialist
Regions Bank, Birmingham, AL, United States
Job Description
At Regions, the Corporate Loan Perfection Specialist is responsible for perfecting commercial and corporate loans. The primary function is to protect the Bank’s collateral interest and ensure we are following the Bank’s policy, state regulations, compliance, and/or third‑party vendors.
Primary Responsibilities
Reviews all perfection documentation completed at closing.
Ensures collateral is completed via iWAVE Workflow and tangible documents per the Bank’s policy, state regulations, compliance, and/or third‑party vendors.
Completes a detailed document review of perfection documents via iWAVE Workflow and tangible original for perfection purposes.
Performs extensive research of exceptions issued that impact perfecting collateral.
Works with loan officers, closing agents and field personnel to determine what documents are needed to secure the loan to close the exception.
Utilizes all vendors and government agency websites to track documents to determine why the collateral has not been recorded and filed.
Responds to emails, phone calls and voicemails from branches, loan officers, paralenders and third‑party vendors.
Provides clear and concise written communication on missing or incorrect document exceptions.
This position requires tracking of time for hours worked in excess of 40 per week and is eligible for overtime under the Fair Labor Standards Act.
Requirements
High School Diploma or GED.
Skills and Competencies
Knowledgeable of loan operations activities.
Works under limited to moderate supervision.
Ten (10) key skills.
Basic knowledge of loan documentation.
Knowledge of AFS/LIII, ACAPS/ACLS, CCNET, VRC, Dealertrack and Diligenz preferred.
Excellent written and verbal communication skills.
Detail oriented.
Ability to work in a deadline‑oriented environment.
Position Type Full time
Compensation Details Pay ranges are job specific and are provided as a point‑of‑market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target Minimum: $43,500.00 USD Median: $52,540.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please refer to the company website.
Location Details Riverchase Complex North Building, Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher‑volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
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Primary Responsibilities
Reviews all perfection documentation completed at closing.
Ensures collateral is completed via iWAVE Workflow and tangible documents per the Bank’s policy, state regulations, compliance, and/or third‑party vendors.
Completes a detailed document review of perfection documents via iWAVE Workflow and tangible original for perfection purposes.
Performs extensive research of exceptions issued that impact perfecting collateral.
Works with loan officers, closing agents and field personnel to determine what documents are needed to secure the loan to close the exception.
Utilizes all vendors and government agency websites to track documents to determine why the collateral has not been recorded and filed.
Responds to emails, phone calls and voicemails from branches, loan officers, paralenders and third‑party vendors.
Provides clear and concise written communication on missing or incorrect document exceptions.
This position requires tracking of time for hours worked in excess of 40 per week and is eligible for overtime under the Fair Labor Standards Act.
Requirements
High School Diploma or GED.
Skills and Competencies
Knowledgeable of loan operations activities.
Works under limited to moderate supervision.
Ten (10) key skills.
Basic knowledge of loan documentation.
Knowledge of AFS/LIII, ACAPS/ACLS, CCNET, VRC, Dealertrack and Diligenz preferred.
Excellent written and verbal communication skills.
Detail oriented.
Ability to work in a deadline‑oriented environment.
Position Type Full time
Compensation Details Pay ranges are job specific and are provided as a point‑of‑market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target Minimum: $43,500.00 USD Median: $52,540.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please refer to the company website.
Location Details Riverchase Complex North Building, Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher‑volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
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