Collateral Specialist

18 hours ago


Hills, Iowa, United States Hills Bank Full time
Job Summary:

The Collateral Specialist will play a critical role in ensuring the proper filing and management of loan collateral, including mortgages, vehicle titles, and Uniform Commercial Codes (UCC). This position will work closely with the Loan Servicing Supervisor, Flood Insurance Specialist, and Loan Servicing Specialists to ensure accurate and timely processing of collateral-related tasks.

Key Responsibilities:

• Complete incoming mortgage entries and coding of new mortgages
• Consistently follow up on outstanding collateral to ensure proper filing
• Process weekly collateral release reports and prepare and file appropriate mortgage releases
• Research and prepare requested mortgage releases, including subordinations and partial releases
• Complete monthly reconciliation of Mortgage Release Fee GL
• Process incoming hazard and flood insurance policies
• Document and communicate insurance cancellation and renewal issues with customers and lenders
• Force placed insurance when necessary
• Process monthly forced placed insurance reconciliation, refunds, and renewals
• Ensure proper lien filing for vehicles and deposit accounts held as collateral on loans
• Process weekly title and deposit account release reports and special release requests
• Maintain up-to-date knowledge on State law regarding UCC filing, amendment, and release
• Complete UCC filing review on all loans secured by commercial and agricultural security agreements
• Work to resolve issues regarding incorrect filings or lien placement
• Complete monthly follow-up regarding UCC continuations/amendments
• Process Escrow Holdback Agreements and distribution items, including following up with lenders regarding fees and processing distributions for customers
• Assist with filing and other duties/projects in the Loan Servicing Department as needed

Requirements:

• Bachelor's degree in business or related field, or 2-3 years of related experience
• Skills needed in a typical office environment, including computer skills, communications skills, and utilization of office equipment

Hills Bank is an Equal Opportunity Employer

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