Collateral Specialist (Full Time) - Victoria

Prosperity Bank and Trust Co; Victoria (TX); On-site; USD 52,000 - 78,000; Full time

Job summary

Prosperity Bank seeks a Collateral Specialist in Victoria, TX to manage the documentation and safeguarding of collateral for Consumer and Commercial loans. You will record and track documents, ensure lien priority, and process releases and related correspondence with customers.

Ideal candidates have a high school diploma, familiarity with loan servicing or collateral handling, and strong attention to detail.

Qualifications

• High School Diploma or GED; consumer and business loan servicing or collateral handling preferred.
• Knowledge of bank mainframe systems; proficiency with spreadsheet and word processing software.
• Strong attention to detail and ability to multi-task in a regulatory environment.

Responsibilities

• Organize, file, and track all collateral documentation.
• Review collateral records and loan documents for accuracy.
• Process collateral documentation to maintain priority lien position.
• Safeguard original loan and collateral documents.
• Handle letters of guarantee, lien releases, and PIF letters.
• Respond to customer inquiries via phone, mail, or email regarding collateral.

Skills

Attention to detail

Multitasking

Interpersonal communication

PC skills

Microsoft Office

Typing

Organization

Education

High School Diploma or GED

Loan servicing experience preferred

Collateral handling preferred

Tools

Spreadsheet software

Word processing software

Bank mainframe systems

Excel

Word

Outlook

Job description

Collateral Specialist (Full Time) - Victoria

Full Time Loan Administrator VICTORIA LOAN, Victoria, TX, US

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

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.

WORK HOURS

Monday - Friday: 8:00 AM - 5:00 PM (40 hours).