Payoff/Collateral Specialist

*PAYOFF/COLLATERAL SPECIALIST*
 
WHAT IS THE OPPORTUNITY?
This position is responsible for reviewing notes and related loan documents to be able to accurately represent terms in payoff statements and demand letters and real estate reconveyance at loan payoff. Also reviewing all collateral items to ensure adherence to established Bank and department policiesResponsibilities include reviewing, investigating and clearing items on the collateral exception reports, ensuring proper control and maintenance of collateral entries to the loan collateral system, investigating and researching unresolved collateral discrepancies and processing paid loan paperwork for units assigned. investigating and clearing items on the paid collateral exception reports.
 
WHAT WILL YOU DO?
* Reviews loan note and related loan documents prepares payoff statements and demands for title and escrow companies as well as borrower.
* Interprets terms of notes relating to prepayment penalt...