Collateral Specialist (Full Time) - Plano

Prosperity Bank and Trust Co; Plano (TX); On-site; USD 42,000 - 60,000; Full time

Job summary

Prosperity Bank and Trust Co seeks a Collateral Specialist in Plano to ensure the secure handling and recording of all collateral documents for consumer and commercial loans. You will manage filing, tracking, and timely processing of lien positions.

Responsibilities include reviewing documents for accuracy, safekeeping originals, and coordinating releases and PIF communications. Strong attention to detail and PC skills are essential.

Qualifications

• High School Diploma or GED required; banking collateral handling preferred.
• Good attention to detail and accuracy in filing and recording.

Responsibilities

• Organize, file, maintain and track all Consumer and Commercial collateral documentation.
• Review collateral records and loan documents for accuracy and completion.
• Process lien documents and releases to ensure priority lien position.
• Safekeep original loan and collateral documents in secure locations.
• Handle Letters of Guarantee, insurance, and dealer draft requests.
• Respond to customer inquiries via phone, mail, or email regarding real estate, commercial and consumer loans.

Skills

Attention to detail

Multi-tasking

Interpersonal communication

PC skills

Excel

Education

High School Diploma or GED

Tools

Microsoft Office

Bank mainframe systems

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 Specialist (Full Time) - Plano

Full Time Loan Administrator Plano Operations, Plano, TX, US

2 days ago Requisition ID: 11220

Prosperity Bank is an Equal Opportunity Employer.

POSITION PURPOSE

Responsible for ensuring the protection of all collateral which includes, accurate and timely recording of collateral documents, safekeeping of original documents, and release of collateral upon payoff of loan, all within required regulations and guidelines.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Organize, file, maintain and track all Consumer and Commercial collateral documentation


• Review system collateral records and loan documents for accuracy and completion


• Timely processes collateral documentation to ensure the bank obtains priority lien position


• Reviews documents for accuracy prior to recording of lien


• Ensures the safekeeping of original loan and collateral documents in fireproof file cabinets


• Processes Letters of Guarantee for insurance companies and Dealer Draft requests


• Processes Lien releases and Mails Paid in full (PIF) letters and loan documentation to customers


• Processes internal and external customer’s telephone, mail, e-mail, and requests regarding the existing Real Estate, Commercial and Consumer Loans


• Responsible for following up on outstanding collateral exceptions and reaching out to the lending staff for assistance on documents that are needed to secure our collateral


• File and maintain all incoming titles and white slips and other collateral documentation


• Follows all compliance policies and procedures


• Performs other duties as assigned, tasks and special projects as required, assigned, or directed.

The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time.

SUPERVISORY RESPONSIBILITIES:

This role does not have supervisory duties.

QUALIFICATIONS

Education/Certification:

High School Diploma or GED. Consumerand Business loan servicing and/or collateral handling preferred.

REQUIRED KNOWLEDGE:

Spreadsheet software and Word processing software.

General filing systems.

Knowledge of applicable bank mainframe systems.

SKILLS/ABILITIES:

Good attention to detail.

Good multi-tasking skills.

Good interpersonal, oral, and written communication skills.

Good PC skills (Microsoft Office, Excel, Word, and Outlook).

Tact in dealing with customers and associates.

Light typing, moderate to heavy computer input.

Very organized

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Talking:

Especially where one must frequently convey detailed or important instructions orideas accurately, loudly, or quickly.

Average Hearing:

Able to hear average or normal conversations and receive ordinary information.

Repetitive Motion:

Movements frequently and regularly required using the wrists, hands, and/or fingers.

Average Visual Abilities:

Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery.

Physical Strength:

Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally. (Almost all office jobs.)

WORKING CONDITIONS

None:

No hazardous or significantly unpleasant conditions (such as in a typical office).

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Reasoning Ability

Ability to read and comprehend simple instructions, short correspondence, and memos.

Language Ability:

Ability to write simple correspondence.

Ability to effectively present information in one-on-one and small group situations to customers, clients, and other associates of the organization.

Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions.

Ability to deal with problems involving a few concrete variables in standardized situations.

Must possess the ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.