What are the responsibilities and job description for the Collateral Svc Specialist IV position at JPMorgan Chase?
Join our team to play a crucial role in managing collateral perfection for secured loans. Apply today to be part of a team that values precision and impact!
Job Summary:
As a Collateral Perfection Specialist in the Real Estate Team, you will ensure the lien on collateral is accurately managed and documented. You will support Business Banking, Commercial & Investment Banking, and the Commercial Term Lending portfolio by reviewing collateral files, preparing legal documentation, and assisting internal departments with collateral disposition.
Job Responsibilities:
- Research and obtain outstanding recorded loan documents via phone/email contact with third parties.
- Conduct quality reviews of recorded loan documents to ensure accuracy and lien position.
- Obtain and review outstanding title policies for accuracy and lien position.
- Perform notary duties.
- Conduct collateral file reviews and prepare/mark-up schedules, including for loan Consolidation Extension Modification Agreements (CEMAs).
- Prepare commercial loan documents accurately and with high attention to detail.
- Provide back-up support for peers.
- Participate in projects and working groups as required.
- Understand and follow Bank policy and established procedures.
- Meet or exceed established Service Level Agreements.
- Perform other duties as needed and assigned.
Required Qualifications, Capabilities, and Skills:
- 5 years of loan operations experience in a banking or financial services industry.
- Experience reading, interpreting, and/or preparing real estate legal loan documents.
- Detail-oriented with a methodical approach to tasks.
- Customer service oriented with strong communication skills.
- Team-oriented and technologically adept.
- Strong organizational, time management, and prioritization skills.
- Must be willing to interact verbally and in writing with third parties professionally.
- Must be able to lift 30LBs (collateral files/boxes).
- Must be (or be able to become) a Notary.
Preferred Qualifications, Capabilities, and Skills:
- Experience with commercial real estate legal loan documents.
- Understanding of Consolidation Extension Modification Agreements (CEMAs).
- Production-oriented with a quality focus.
- Critical and independent thinking skills.