Paid Loan Collateral Specialist in Lebanon, Pennsylvania at Fulton Bank
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Job Description
Category: Operations
# of Openings: 1
Position Type (Portal Searching): Full-Time
Downtown Lebanon
Lebanon
FLSA Status: Non-Exempt
Value Proposition
Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.
Overview
This is a full-time, onsite career opportunity based out of our Downtown Lebanon location in Lebanon PA.
The primary responsibility to this position is to execute collateral satisfaction procedures primarily for Commercial loans that have been paid-in-full. In accordance with established processes and procedures, the incumbent reviews and prepares associated loan and collateral satisfaction documentation and provides it to borrowers and other external stakeholders. The position works under strictly regulated time requirements and will access and edit information on multiple systems. The Level III Specialist will complete assignments of the highest degree of scope or complexity and will advise junior staff.
Responsibilities
- Review and compare collateral documents and records on core and tracking systems for satisfied loans, verified paid status, research and resolve escalated discrepancies, engage internal and external stakeholders, escalate more complex issues to manager
- Process lien satisfactions, including mortgages/deeds of trust, assignments, vehicle titles (electronic or sign-off on hard copy), cancelling guarantees, terminating UCC financing statements within respective systems, promptly respond to unexpected requests, ensure time requirements are met
- Prepare and furnish collateral satisfaction documents to borrowers and other external stakeholders, assemble, record and distribute related payoff and collateral packages, access unapplied funds reports and engage Lenders to determine and process refunds
- Monitor, train and mentor junior staff, assist with system upgrades, installations and testing, review, edit and maintain departmental operating procedures
Qualifications
Education
High School Diploma or equivalent. (Required)
Associate Degree or the equivalent experience. Specialty: Business or other applicable. (Preferred)
Experience3 or more years Lending practice or documents to include customer interaction. (Required)
2 or more years Commercial Lending documentation. (Preferred)
Sponsorship Statement
As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.
EEO Statement
Fulton Bank (Fulton) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.