Collateral Specialist - Lien Perfection

Wintrust Financial Corporation; Chicago (IL); Hybrid; USD 42,000 - 60,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life insurance

401(k) with company match

Flexible Spending Account (FSA)

Job summary

Wintrust Financial Corporation is looking for a Collateral Specialist - Lien Perfection to join our team in Rosemont, IL. The role involves creating exceptions for new loans, ensuring documentation completeness, and perfecting collateral positions. Candidates should have a high school diploma and a minimum of 3 years in an office environment supporting banking operations. This position offers competitive pay, a comprehensive benefits package, and a culture that promotes growth and development.

Qualifications

• Minimum 3 years experience in an office or operations environment servicing banking line of business.
• Ability to complete a high volume of tasks within assigned service levels.
• Understanding of various loan documents and banking processing standards.

Responsibilities

• Create exceptions for new loans and renewals to track original documentation.
• Review original loan packages for completeness and clear exceptions.
• Research and review inquiries regarding collateral.

Skills

Good understanding of consumer and commercial loans

Highly organized

Good written and oral communication skills

IBS system experience

Knowledge of loan documents

Education

High School diploma or equivalent

Tools

IBS system

Job description

Collateral Specialist - Lien Perfection page is loaded## Collateral Specialist - Lien Perfectionlocations: Rosemont, ILtime type: Full timeposted on: Posted Todayjob requisition id: 26809Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”* An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years)* Competitive pay and discretionary or incentive bonus eligible* Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few.* Family-friendly work hours* With 175+ community bank locations, we offer opportunities to grow and develop in your career.* Promote from within culture.* We have a culture that encourages an entrepreneurial spirit.* We offer multiple opportunities for development and upward mobility.**What You’ll Do:**The Collateral Specialist - Lien Perfection is responsible for creating necessary exceptions for new loans and renewals to ensure tracking of required documentation for collateral folders for both consumer and commercial loan types. Perfecting various types of collateral to ensure the Bank’s line is properly recorded or stated on all collateral. Reviewing documentation packages for completeness and clear any related exceptions. Complete all tasks within the assigned SLAs.* Create exceptions for new loans and renewals to track for original documentation.* Establish collateral lien perfection as needed (Mortgage Recording, UCC filing, Vehicle Title Liens, Deposit Holds, etc.).* Review original loan packages for completeness and clear related exception items.* Create collateral folders for new loans and file in the vault.* Ensure all trailing documents are filed in their respective collateral folders.* Research and review inquiries from the line of business regarding collateral.* Assist with research requests, audit reviews, and department projects as needed.**Qualifications:*** High School diploma or equivalent.* Good understanding of both consumer and commercial loans.* Minimum 3 years of experience in an office or operations environment which services and supports banking line of business.* Highly organized and ability to complete a high volume of tasks within assigned service levels.* IBS system experience preferred.* Good written and oral communication skills and organizational skills.* Good understanding of various loan documents, banking processing standards, best practices, and audit control procedures.* Must have experience in back-office loan processing commercial, residential and small business loans**Benefits:**Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance**Compensation:**The estimated salary range for this role is $42,000 - $60,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience.#LI-HybridFrom our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.