Hybrid Loan Ops Collateral Release Specialist

Posted 1 hour ago

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About the role

  • Collateral Release Specialist at SouthState responsible for releasing collateral on paid-out loans. Manage documentation and compliance for various loan types with hybrid work location.

Responsibilities

  • Responsible for performing the release of collateral for the Bank’s paid-out loans and requests for partial releases and substitutions of collateral.
  • Manage and complete the collateral release processes of the Bank’s paid-out loan files.
  • Releases are processed on Real Estate Mortgage Loans filed through the appropriate counties; loans secured by paper Titles; loans secured by electronic Titles; loans secured by UCCs’; and loans secured by other security interests/sources.
  • Review and interpret collateral documents to ensure collateral being released is correct and to verify if collateral is crossed to additional loans and should be re-allocated rather than released.
  • Research bank files and public records as required to find all collateral documentation that may not be available from converted banks.
  • Determine if appropriate lending authority is obtained for requests for partial releases and/or substitutions of collateral.
  • Report paid-out status to MERS as required.
  • Maintains the integrity, organization, and accurate removal of files contained in the Support Center Collateral Vault; Pulls files as listed on the daily paid out reports.
  • Responds timely to all inquiries from customers, lenders and other bank personnel.
  • Follows departmental policies and procedures pertaining to problem resolution to ensure the area is in compliance with Federal and State regulations and Bank guidelines.

Requirements

  • High School Diploma required
  • Experience in an operations or lending role relating to consumer, commercial and/or mortgage loans is preferred.
  • Knowledge of Mortgage, Commercial and Consumer collateral documents and collateral satisfactions is preferred.
  • Experience with FiServ systems software is preferred.

Benefits

  • Annual Compliance Training
  • Fiserv training as needed to perform specific tasks
  • Vendor software training

Job title

Loan Ops Collateral Release Specialist

Job type

Experience level

Mid levelSenior

Salary

Not specified

Degree requirement

High School Diploma

Tech skills

Location requirements

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