Collateral Specialist

3 weeks ago


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

Hills Bank is seeking a highly skilled Collateral Specialist to join our team. As a key member of our Loan Servicing Department, you will be responsible for ensuring the proper filing of recorded mortgages, vehicle titles, and Uniform Commercial Codes (UCC).

Key Responsibilities
  • Process weekly release reports for recorded mortgages, vehicle titles, and deposit accounts.
  • Prepare and file mortgage and UCC releases, subordinations, and partial releases.
  • Research and prepare requested mortgage releases, including subordinations and partial releases.
  • 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 that are being held as collateral on loans.
  • Process weekly title and deposit account release reports as well as special release requests.
  • Maintain up-to-date knowledge on State law regarding the filing, amendment, and release of Uniform Commercial Codes.
Requirements
  • Bachelor's degree in business or related field.
  • 2-3 years related experience.
  • Strong computer skills and communication skills.
  • Ability to work in a typical office environment.
What We Offer

Hills Bank offers a comprehensive and competitive benefits package, including health insurance, retirement plans, and paid time off. We are an equal opportunity employer and welcome applications from diverse candidates.


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