Collateral & Loan Documentation Specialist

Bank of America; Plano (TX); On-site; USD 65,000 - 95,000; Full time

Job summary

Bank of America is seeking a detail‑oriented collateral specialist to manage secured loan collateral and ensure accurate lien releases and insurance validation. You will work within the system of record to standardize files, track ticklers, and monitor collateral releases across multiple loan types.

The role requires knowledge of real estate, UCC, and other collateral documentation, plus a year of banking experience and strong written/verbal communication. Office-based with standard hours.

Qualifications

• Must have credit agreement or legal documentation knowledge
• Must have previous banking experience (min 1 year)
• Ability to work independently with little management supervision
• Exceptional communication skills (both verbal and written)

Responsibilities

• Maintains data accuracy and completes all collateral processes timely
• Receives incoming loan files and reviews for compliance with bank and federal guidelines
• Maintains relationships with Relationship Administrators to ensure efficient and high-quality loan processing
• Gives technical advice and guidance to business units and interdisciplinary teams on projects
• Maintains systems of record for continued monitoring of collateral and insurance
• Works in a paperless environment and adheres to compliance guidelines
• Promotes collaboration and communicates with impact; learns and adapts quickly; holds self and others accountable for high performance standards

Skills

Loan documentation knowledge

Real estate / UCC collateral docs

Verbal and written communication

Organized and multitask

MS Office (Word/Excel)

Education

High School Diploma / GED / Secondary School or equivalent

Tools

LoanIQ

CreditCenter

Job description

Bank of America is seeking a detail‑oriented collateral specialist to manage secured loan collateral and ensure accurate lien releases and insurance validation. You will work within the system of record to standardize files, track ticklers, and monitor collateral releases across multiple loan types.

The role requires knowledge of real estate, UCC, and other collateral documentation, plus a year of banking experience and strong written/verbal communication. Office-based with standard hours.