Loan Collateral Specialist

Company: Hancock Whitney
Location: Montgomery
Posted on: January 14, 2020

Job Description:

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JOB FUNCTION / SUMMARY:

Responsibility: Processes the following for Wholesale Line of Business loans.

Paid out processing and requests for Whitney Bank and Hancock Bank and in all five states (MS, LA, AL, FL, TX). Reviews, researches and verifies all collateral (real estate and non-real estate secured) and obtains the lender s approval before if required before releasing. Reviews, researches and verifies all negotiable collateral prior to releasing. Processes and prepares subordinations and partial releases.

Responsible for sending Lien Perfection documents to secure Bank s collateral timely and accurately. Coordinates with the local and state governments to ensure all recordings are filed in the appropriate county or parish of record based on the collateral pledged to the Bank s loan in all five states.

Reviews documents for accuracy and completeness before sending to recording agencies (department of motor vehicle or counties or parishes) for vehicle titling and mortgage recordings for all five states.

ESSENTIAL DUTIES & RESPONSIBILITIES:

* Incumbent is required to comply with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act.

* Responsible for processing Wholesale Line of Business paid outs for five states (MS, LA, AL, FL, TX) specifically high dollar loans

* Understanding of Wholesale Line of Business loan transactions secured by real estate (multi collateral high dollar loans)

* Processes special instructions from the Lender (Lender Approval Required)

* Processes subordinations and partial release requests after approval.

* Reviews daily paid out collateral to determine receipt officer approval on required collateral.

* Verify review and research has been performed to determine accuracy of collateral released.

* Reviews negotiable collateral to perfect liens daily.

* Responsible for ensuring that all stocks, bonds, investments, annuities or life insurance assignments forms are housed and secured daily in collateral vault.

* Responsible for ensuring that all stocks, bonds, investments, annuities or life insurance assignments liens are perfected by working expired collateral report.

* Maintains and monitors negotiable collateral dual control

* Calculates and re-prices loans pledged by Certificate of Deposits.

* Review paid out negotiable collateral to determine accuracy and officer approvals before releasing daily.

* Monitors released negotiable collateral to ensure delivery to lender, branch or customer as applicable

* Print paid reports (daily) from Host System for all five states

* Images paid-out loans and collateral

* Updates collateral tracking system

* Knowledge of county and parish recording laws and fees for all five states (MS,LA, AL,FL,TX)

* Reviews lien perfection documents for all mortgages, deeds, assignments, UCC and other documents for accuracy and completeness before sending to the appropriate agency for recording

* Reviews all releases of mortgages, deeds, assignments, UCC and other recording documents for accuracy and completeness before sending to the appropriate agency for recording

* Knowledge of the vehicle titling process for all five states (MS, LA, AL, FL, TX).

* Responsible for processing all checks, payment tickets and account balancing for collateral management.

* Knowledge of title notifications updates collateral tracking system, barcodes and scans the images to the correct loan.

* Knowledge of correcting title or mortgage document rejects by motor vehicle department or parish or county courthouse.

* Able to communicate effectively with customers, officers, bank associates and others to obtain information or corrected documents as needed to accompany or replace rejected documents

* All other duties/special projects as assigned.

MINIMUM REQUIRED EDUCATION & EXPERIENCE:

* Associate s Degree

* Six months to 1 year related experience or training

* A combination of education and experience is acceptable if more than a HS Diploma

* No certification, licensure or registrations are required to successfully apply for this job; however, the following certifications from Hancock Bank s Computer Based Training (CBT) are required, if applicable, once in this position:

Certification in Banking Regulations (Reg. B, Reg. CC, Reg. O, Reg. Z)

Certification in HMDA Compliance

Certification in CRA, RESPA, RMR Regulations

MINIMUM REQUIRED KNOWLEDGE:

* Ability to learn, or knowledge of, Microsoft Office Products such as Word, Excel, Access, and PowerPoint.

* Must be able to establish and maintain a high level of credibility with all levels of internal and external customers.

* Good communication skills

* Detail oriented.

* Excellent organizational/planning/project management skills

* Ability to formulate sound conclusions and recommend optimal course of action based on analysis

CORE COMPETENCIES

The company has identified a set of core competencies that are vital to our business achieving a competitive advantage and delivering a unique value to our customers. These competencies are the capabilities each and every associate must exhibit through commitment and demonstration to fulfill this competitive advantage.

Each associate must be COMMITTED to:

* Business Ethics: carrying out the business as per self-acknowledged moral standards

* Organizational Support: supporting the company s goals and objectives

* Quality & Quantity: accuracy and completeness while striving for increased production

* Safety & Security: adheres to the banks policies and procedures and reports abuse

Each associate must DEMONSTRATE:

* Adaptability: embracing change as the work place changes; managing competing demands and unexpected events; enthusiastically accepting challenges.

* Dependability: takes a conscientious and reliable approach toward work

* Initiative: proactively initiates positive change, ready to take independent action, make decisions and prepares in advance

* Professionalism: approaches work and fellow associates with a behavior, attitude and image that portray respect, trust, courtesy, empathy and integrity.

* Diversity: treat all people with respect and honor along with sensitivity to cultural differences.

POSITION SPECIFIC COMPETENCIES

COGNITIVE COMPETENCIES: Verbal Comprehension, Judgment & Decision Making, Business Skills Application, Organizational & Planning, Strategic Thinking

MOTIVATION COMPETENCIES: Commitment to Excellence, Energy, Optimism,

INTERPERSONAL COMPETENCIES: Listening, Interpersonal Skills, Collaborative

ESSENTIAL MENTAL & PHYSICAL REQUIRMENTS:

* Ability to work under stress and meet deadlines

* Ability to operate a keyboard if required to perform the essential job functions

* Ability to read and interpret a document if required to perform the essential job functions

* Ability to travel if required to perform the essential job functions

* Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions.

Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.

Keywords: Hancock Whitney, Montgomery , Loan Collateral Specialist, Other , Montgomery, Alabama