Commercial Loan Audit Collateral Specialist

Full Time
Dallas, TX 75234
Posted
Job description

Essential Duties and Responsibilities:

  • Commercial loan experience is required.
  • Perform comprehensive post-closing Loan Documentation audits for various collateral types which includes Commercial Real Estate, Commercial Construction, Commercial, and Consumer.
  • Review and comprehend loan documentation to determine if the documents satisfy Bank requirements.
  • Ensure that all required documents are received and reviewed for completeness.
  • Identify and track exceptions and trailing documents on the system.
  • Review of Negotiable Collateral instruments and ensure processing into Safekeeping.
  • Perform collateral review upon receipt of original loan documents, processing and recording all liens to ensure Bank’s priority lien position.
  • Scan all new loan file documentation into imaging system.
  • File UCC’s and/or monitor receipt of filed UCC’s. Process continuations to ensure that UCC filings do not lapse.
  • Order and review post UCC lien searches.
  • Contact portfolio assigned borrowers and guarantors to collect annual financial statements and tax returns. Follow up on outstanding financial and documentation items.
  • Review paid note reports and process paid loan documentation.
  • Maintain comprehensive knowledge of all related loan document and lien perfection requirements.
  • Comply with all department procedures, bank policies, and state and government bank regulations.
  • Perform other duties as assigned.

Qualification Requirements:

  • Associates Degree or equivalent work experience
  • 2-3 years of Loan Operations Experience, preferably in Collateral Audit
  • Knowledge of Commercial Real Estate Lending with a general knowledge of banking laws, federal regulations, and regulatory guidance
  • Understanding of loan documentation and lien perfection requirements for all types of collateral

We are an Equal Opportunity Employer!

Job Type: Full-time

Pay: $26.00 - $29.00 per hour

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Flexible spending account
  • Health insurance
  • Paid time off
  • Vision insurance

Physical setting:

  • Office

Schedule:

  • 8 hour shift

Education:

  • Associate (Preferred)

Experience:

  • Commercial Loan Collateral: 3 years (Preferred)

Work Location: One location

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