First Busey Corporation Champaign , IL 61822
Serve as primary liaison with third party vendor for insurance policy tracking and renewals - working closely with Lenders and Loan Coordinators.
Locate and review documents as needed to complete a thorough insurance audit (certificates or insurance, insurance binders, flood declaration pages, certificates, flood map changes, appraisals, property condition reports, loan documents.),
Monitor pending force placed insurance reports from third party vendor to ensure validity.
Reconcile billing from third party vendor and process loan advances and refunds as appropriate.
Prepare monitoring reports for pending insurance cancelations and distribute to Lenders and Loan Coordinators.
Assist with post-closing duties and responsibilities.
Requires High School diploma; continuing education preferred.
Requires 2 or more years experience in commercial collateral ordocumentation.
Requires understanding of commercial loan documentation and regulatoryrequirements to ensure integrity of bank's legal documents and lien position.
Requires knowledge of Microsoft Office and other bank proprietary systems.
Strong oral and written communication skills
Multi-task and work independently
Analyze and solve problems for which there are not precedents
Perform duties and make decisions under frequent time pressures
EOE of Minorities/Females/Vets/Disability