What are the responsibilities and job description for the Loan Operations Specialist, Collateral Perfection position at Cornerstone National Bank & Trust Company?
JOB DESCRIPTION
The Loan Operations Specialist is responsible for ensuring proper collateral perfection of all bank loan applications, including commercial, consumer, mortgage and participations (purchased/sold). This position functions as part of the centralized Loan Operations Department.
RESPONSIBILITIES
- Prepare and maintain a log of all new and renewed loans.
- Perform final review on loan documentation to ensure loan information has been accurately entered into the Core System and all required signatures have been obtained.
- Perfect recording documents – Mortgage, Assignment of Rents, Vehicle Title, UCC Filings, and UCC Continuations.
- Create and maintain tracking records for the receipt of recorded documents.
- Review and follow-up on Final Title Policies.
- Order post-closing UCC Searches to ensure bank is in the correct lien position.
- Scan/index loan documents for electronic retention in the bank’s online storage application.
- Monitor all new and renewed loans for compliance with the Flood Act.
- Maintain record of all loans with flood insurance for auditing purposes.
- Process escrow disbursements, real estate taxes, hazard insurance, flood insurance and PMI in a timely manner to avoid penalties and lapse in coverage.
- Complete annual escrow account analysis (paying of property taxes) and prepare correspondence to notify the customer of adjustments in payment amount.
- Maintain complete confidentiality with all bank business.
- Perform other duties as assigned.
QUALIFICATIONS
- Ability to work independently and as a team to accomplish tasks required.
- Excellent verbal and written communication skills.
- Maintain a professional demeanor and presentation.
- Proficiency with Microsoft Office and other computer applications is preferred.
- Ability to manage information.
- Ability to organize, plan and meet deadlines.
- Ability to multi-task.
- Exceptional attention to detail.
- Ability to take initiative.
Cornerstone National Bank & Trust Company is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age, disability or genetic information.
Job Type: Full-time
Pay: $55,000.00 - $62,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Paid time off
Work Location: In person
Salary : $55,000 - $62,000