Collateral Clerk II

I Bankonline; Memphis (TN); On-site; USD 30,000 - 40,000; Full time

Job summary

I Bankonline in Memphis, Tennessee is seeking a Bank Collateral Clerk to manage vehicle title documents related to loans. You will process incoming titles, ensure compliance with regulations, and maintain accurate records.

The ideal candidate will have a high school diploma, knowledge of titling procedures, and proficiency with Microsoft Office. This role requires strong organizational and communication skills to interact effectively with various stakeholders.

Qualifications

• High school diploma or GED required.
• Knowledge of vehicle titling procedures and lien perfection processes.
• Strong attention to detail and organizational skills.

Responsibilities

• Process incoming vehicle titles for loans financed with the bank.
• Maintain accurate electronic and physical title records.
• Ensure compliance with bank policies, state laws, and federal regulations.

Skills

Attention to detail

Organizational skills

Communication skills

Proficiency with Microsoft Office

Education

High school diploma or GED

Tools

Loan processing systems

Job description

Position Summary

The Bank Collateral Clerk is responsible for processing, tracking, and maintaining vehicle title documents related to indirect auto loans and auto secured direct loans. They will also file Deeds of Trust for property secured loans, as well as UCC’s for business assets or other collateral documented within the loan approval. This role ensures compliance with state regulations and protects the bank’s lien position.

Key Responsibilities

• Process incoming vehicle titles for loans financed with the bank.
• Submit filings of Deeds of Trust to the appropriate county offices.
• Submit filings of UCC’s.
• Verify accuracy of titles, lien recordings, and supporting documentation.
• Submit and track title paperwork with state DMV agencies.
• Ensure liens are properly perfected.
• Maintain accurate electronic and physical title records.
• Resolve title discrepancies, missing documents, and registration issues.
• Communicate with dealerships, customers, insurance companies, and DMV offices.
• Monitor aging reports and follow up on outstanding titles.
• Ensure compliance with bank policies, state laws, and federal regulations.
• Assist with audits and reporting requirements.

Qualifications

• High school diploma or GED required.
• Knowledge of vehicle titling procedures and lien perfection processes.
• Strong attention to detail and organizational skills.
• Proficiency with Microsoft Office and loan processing systems.
• Ability to manage multiple tasks and deadlines.
• Strong written and verbal communication skills.

Preferred Skills

• Experience with automotive lending or indirect lending.
• Previous title clerk, DMV, banking, or automotive finance experience preferred.
• Familiarity with state DMV systems and electronic title processing.
• Data entry accuracy and record-keeping skills.
• Problem‑solving and customer service abilities.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities