Sorry, this job is no longer accepting applications. See below for more jobs that match what you’re looking for!

Commercial Loan Collateral Specialist

Expired Job

Flagstar Bank Troy , MI 48007

Posted 2 months ago

Position Title

Commercial Loan Collateral Specialist

Location

Headquarters-Troy, MI

Job Summary

This position is responsible for the management of collateral perfection and pledging ensuring Commercial Loan collateral is perfected as outlined in the Banks Approval Memo. These activities include Insurance review, monitoring and exception clearing; Property tax monitoring, paid loan processing, UCC filing, continuations and terminations, Real estate discharges, Collateral pledging to the Federal Reserve or Federal Home Loan Bank. The Collateral Specialist must manage several reports and provide reporting to varies business partners. This position requires a high level of attention to detail with the ability to quickly transition from one task to another with a high degree of accountability and accuracy. Adherence to lending regulation is an essential component of this job.

Job Responsibilities:

  • Insurance review, tracking and exception clearing. Review all insurance for new loan requests. Advise appropriate personnel of any corrections needed to meet Flagstar requirements and provide notification when insurance is approved. Review incoming insurance certificates for proper coverage requirements, update the tracking system and upload to the Bank's imaging system. Prepare expiration insurance letters, work with all lines of business on expired insurance.

  • Discharges and UCC Terminations. Prepared full and partial discharges (Real Estate related) for all paid loans. Process UCC termination requests through a 3rd party servicer. Track all releases, upload to the Bank's imaging system. Input historical UCCs for those loans closed by attorneys.

  • Review all real estate and non-real estate loans for edibility for pledging to the Federal Reserve or FHLB. Prepare reports to submit to the Bank's Treasury department for pledging. Once accepting input pledge codes into the Bank's core system, pull required original documents and move to the pledge file. Monitor existing pledged loans for removal or paid off status.

  • Property Tax Monitoring. Review reports from 3rd party servicer. Manage delinquency report, provide weekly report on delinquent taxes. Research any public Property tax websites for updated payment status of previously reported delinquencies.

  • Reporting Monitoring. Review paid loan reports from the Bank's core system and other reports from the 3rd party servicer.

  • Assist Post Close Review Specialist with loading ticklers into Baker Hill and uploading documents to the Bank's imaging system.

  • Ensures compliance with applicable federal, state and local laws and regulations. Completes all required compliance training. Maintains knowledge of and adhere to Flagstar's internal compliance policies and procedures. Takes responsibility to keep up to date with changing regulations and policies.

Job Requirements:

  • High School Diploma, GED or foreign equivalent required.

  • 3+ years of Commercial Loan experience.

  • Must be able to read loan agreements and other documentation and have a working understanding of collateral perfection and tracking processes.

  • AFS knowledge preferred.

  • Excellent communication skills, both written and oral.

  • Ability to prioritize work load and time to ensure that requests/tasks are completed on time or ahead of time.

  • Ability to learn multiple systems.

  • The job requires a moderate degree of physical exertion and stamina such as standing, sitting, walking, driving or infrequent lifting. Extensive periods of sitting and computing.

For Internal use only: Job Band I-Hrly


See if you are a match!

See how well your resume matches up to this job - upload your resume now.

Find your dream job anywhere
with the LiveCareer app.
Download the
LiveCareer app and find
your dream job anywhere
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Commercial Loan Credit Analyst

Independent Bank Corporation

Posted 4 days ago

VIEW JOBS 11/16/2018 12:00:00 AM 2019-02-14T00:00 As an Independent Bank employee you will deliver the services of a big bank with the attitude of a small bank, and the support of a trusted banking partner! In this position your main responsibilities will be credit analysis and underwriting for the Commercial Loan Department. Summary Reports to the Senior Credit Officer for the assigned region. Primary responsibility is credit analysis and underwriting for the Commercial Loan Department including the following: Responsibilities * Prepares credit analysis and loan proposals to assist in the loan decision process. * Performs credit reviews and inquiries, analyzing financial information including determination of cash flow, debt service ability, balance sheet strength and collateral coverage. * Performing trend analysis on financial reports of borrowers to evaluate their ongoing credit-worthiness * Reviews/ recommends loan structures consistent with loan policy and guidelines: * Assesses and assigns credit risk rating. * Spreads financial statements for borrowers, co-borrowers, guarantors, and others. * Accompanies officers on customer contact calls. * Assists with compiling and analysis of monthly, quarterly, and annual reports and performs other duties as assigned. * Participate in customer calls and loan closings with commercial lenders. Independent Bank believes in working together to make a positive difference in the lives of our customers, shareholders, associates and the communities we serve. If this sounds like an opportunity for you...apply now! Independent Bank Corporation Troy MI

Commercial Loan Collateral Specialist

Expired Job

Flagstar Bank