Collateral Specialist - Lien Perfection

Wintrust Financial Corporation; Rosemont (IL); On-site; USD 42,000 - 60,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life Insurance

Short-term Disability

Long-term Disability

Parental Leave

401(k) with company match

FSA

Employee Stock Purchase Plan

Critical Illness Insurance

Pet Insurance

Transportation Benefits

Banking Benefits

Job summary

Wintrust Financial Corporation, based in Rosemont, IL, seeks a Collateral Specialist - Lien Perfection to ensure proper tracking and perfection of collateral for consumer and commercial loans. You will create exceptions, establish lien perfection, and maintain complete collateral folders while adhering to SLAs.

The role requires a High School diploma, 3+ years in banking operations, and familiarity with loan documents.

Qualifications

• High School diploma or equivalent.
• Experience in back-office loan processing for commercial, residential and small business loans.
• 3+ years in an office or operations environment servicing banking lines of business.
• Highly organized with ability to handle a high volume of tasks within service levels.
• IBS system experience preferred.
• Strong written and verbal communication skills.

Responsibilities

• Create necessary exceptions for new loans and renewals to track required documentation.
• Perfect collateral in various forms to ensure proper lien, recording or statements.
• Review documentation packages for completeness and clear exceptions.
• Complete tasks within assigned SLAs.
• Create and track exceptions for original loan documentation.
• Establish collateral lien perfection (Mortgage Recording, UCC filing, Vehicle Title Liens, etc.).
• Review original loan packages for completeness and clear related items.
• Create collateral folders for new loans and file in vault.
• Ensure trailing documents are filed in collateral folders.
• Research inquiries from line of business regarding collateral.
• Assist with audits, research requests and department projects.

Skills

Written and oral communication

Organizational skills

High-volume task management

IBS system experience

Education

High School diploma or equivalent

Tools

IBS system

Job description

Why join us?

Wintrust 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.

Why join this team?

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.

From 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.

Wintrust provides community and commercial banking, specialty finance and wealth management services, delivering the sophisticated solutions of a large bank through a relationship-focused approach built from our community banking roots. Wintrust may collect personal information from you in connection with the application process. Wintrust complies with the California Consumer Privacy Act of 2018, and its policy may be found here Click here for Equal Opportunities.