Collateral & Loan Documentation Specialist II

Bank of America; Plano (TX); On-site; USD 60,000 - 90,000; Full time

Job summary

Bank of America in Plano, TX, seeks a collateral specialist to manage bank collateral, maintain accurate systems of record, and ensure compliant processing of real estate, UCC, and other liens. This role requires coordinating with Relationship Administrators and business units, reviewing loan files, and ensuring timely updates to SoR and lien releases.

The ideal candidate brings knowledge of credit agreements, banking experience, strong communication, and the ability to work independently in a

Qualifications

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

Responsibilities

• Maintain data accuracy and timely collateral processes.
• Receive incoming loan files and review for compliance with bank and federal guidelines.
• Maintain relationships with Relationship Administrators to ensure efficient loan processing.
• Provide technical advice and guidance to business units and interdisciplinary teams on projects.
• Maintain systems of record for monitoring collateral and insurance.
• Work in a paperless environment and adhere to compliance guidelines.
• Promote collaboration and accountability for high performance standards.

Skills

Knowledge of commercial loan docs

Collateral documents prep

Verbal and written communication

Organization and multitasking

MS Office (Word & Excel)

Education

High School Diploma / GED

Tools

LoanIQ

CreditCenter

Job description

Bank of America in Plano, TX, seeks a collateral specialist to manage bank collateral, maintain accurate systems of record, and ensure compliant processing of real estate, UCC, and other liens. This role requires coordinating with Relationship Administrators and business units, reviewing loan files, and ensuring timely updates to SoR and lien releases.

The ideal candidate brings knowledge of credit agreements, banking experience, strong communication, and the ability to work independently in a