Old Second National Bank

Collateral Management Specialist

Aurora, Illinois, United States

Sponsorship not specified$21k-$27kDetected 8 days ago
ExcelCommunicationProblem SolvingMicrosoft Office

About the role

  • For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
  • With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets.
  • Pay is dependent upon the pay range and the incumbent's knowledge, skills and experience.

Responsibilities

  • How We Support You - Old Second

Requirements

  • High School diploma or equivalent and one or more years' experience in consumer or commercial documentation, or related
  • Knowledge of consumer and commercial compliance regulations.
  • Must be able to multi-task in a fast-paced environment.
  • Proven ability to work both independently and as a team member.

Nice to have

  • Insurance monitoring and tracking for insurance expirations.
  • Obtains the bank's lien on vehicle titles.
  • Monitors the UCC portfolio for pending expirations as well as resolves any exception related items encountered with filing exceptions.
  • Prepares Payoff Letters in accordance with Bank procedures and regulations.
  • Processes incoming Service Requests related to the Collateral Management Team.
  • Records Mortgages, as needed, for the Consumer/Residential Department.
  • Generates releases of collateral on paid loans in accordance with regulation and the paid loan process.
  • Organizes and releases customer purchased tax certificates and floor plan titles.

Compensation

  • Old Second is committed to fair and equitable pay practices.

Company info

  • At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
  • With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
  • Move your career forward at Old Second.
  • Position Overview
  • At Old Second, you're first!
  • At Old Second we embrace values that foster an environment of community and growth.
  • Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers.
  • Be a part of something big as we continue our growth story together!
  • The Collateral Management Specialist is responsible for the creation of loan/collateral files, uploading applicable documentation into the Bank's imaging system and follow up on post-closing related items, which includes obtaining liens on vehicle titles, recorded mortgages, final title policies, insurance follow-up, UCC portfolio management.
  • In addition, processing collateral releases in accordance with the paid loan process, preparing payoff letters and document retention.
  • Essential Job Functions
  • Indexes and scans loan documents into system.
  • Maintains organized physical files and records.
  • Provides release/paid documents to 3rd party mortgage servicing vendor.
  • Assists with document collection for loan support projects and audits.
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This listing is sourced directly from Old Second National Bank's careers page and normalized into a canonical job model.