Collateral & Insurance Processor

Burke & Herbert Bank & Trust; Moorefield (WV); On-site; USD 34,000 - 46,000; Full time

Job summary

Burke & Herbert Bank & Trust seeks a Collateral & Insurance Processor in Moorefield, WV. You will manage loan document workflows, verify deeds of trust, title policies, and related insurance coverings, and maintain the document tracking system.

You will coordinate with lending staff, insurance companies, and borrowers to ensure timely, accurate coverage and filings, while handling sensitive financial records in a compliant, office-based environment.

Qualifications

• High school diploma or equivalent.
• Computer experience including Microsoft Word, Excel, and Outlook.
• Prior loan document experience preferred.
• Prior experience with Property and Casualty Insurance preferred.
• Prior experience with titles (vehicle, boat, motorcycle, mobile home, etc.) preferred.

Responsibilities

• Process documents received via email, USPS, workflow queue etc.
• Maintain the document tracking system on Silverlake by verifying the accuracy and recordation of Deeds of Trusts, Final Title Opinions, Final Title Insurance Policies, hazard/flood insurance, auto/equipment insurance, titles and UCCs etc.
• Completes Weekly insurance reporting reviews
• Contact Insurance Companies/Borrowers to inquire on required insurance policies
• Scan documents received into the electronic filing system Synergy
• Maintain UCC continuation tracking and obtain continuations as needed
• Release titles, deed of trust, UCCs and other documents required per loan payoff
• Force-place insurance (hazard and flood) on an as-needed basis
• Other duties as assigned
• Must become fluent with the document file system Synergy, outsourced third party insurance website, and Silverlake

Skills

Professional communication

Organized and detail-oriented

Loan documentation proficiency

Education

High school diploma or equivalent

Tools

Synergy

Silverlake

Insurance website

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Collateral & Insurance Processor

311 Loan Operations Full Time Moorefield, WV, US

CLASSIFICATION:Non-exempt

REPORTS TO:Collateral & Insurance Manager

JOB DESCRIPTION

Summary/Objective

The Collateral & Insurance Processor’s primary focus is the collateral securing loans in the Bank. The processor will work closely with lending staff and other necessary departments to ensure trailing loan documents and required insurance coverages are in place.

Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Process documents received via email, USPS, workflow queue etc.
• Maintain the document tracking system on Silverlake by verifying the accuracy and recordation of Deeds of Trusts, Final Title Opinions, Final Title Insurance Policies, hazard/flood insurance, auto/equipment insurance, titles and UCCs etc.
• Completes Weekly insurance reporting reviews
• Contact Insurance Companies/Borrowers to inquire on required insurance policies
• Scan documents received into the electronic filing system Synergy
• Maintain UCC continuation tracking and obtain continuations as needed
• Release titles, deed of trust, UCCs and other documents required per loan payoff

Other Duties

• Force-place insurance (hazard and flood) on an as-needed basis
• Other duties as assigned

Skills/Abilities

• Professional written and verbal communication skills required.
• Must be highly organized and detail oriented.
• Must become highly proficient in knowing and understanding loan documentation.
• Must become fluent with the document file system Synergy, outsourced third party insurance website, and Silverlake

Supervisory Responsibility

This position does not have supervisory responsibilities.

This job operates in an office setting, the opportunity to telework is not available. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and scanners. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.

Physical Demands

This position requires manual dexterity, the ability to lift files and open cabinets. This position requires bending, stooping or standing as necessary.

Travel

Limited local travel may be required for this position.

Education and Experience

• High school diploma or equivalent
• Computer experience including, but not limited to, Microsoft Word, Excel, and Outlook.
• Prior loan document experience preferred.
• Prior experience with Property and Casualty Insurance preferred.
• Prior experience with titles (vehicle, boat, motorcycle, mobile home, etc.) preferred.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.