Senior Collateral Release Specialist

Senior Collateral Release Specialist U.S. Century Bank - 3.9 Doral, FL Job Details 1 day ago Qualifications Document preparation (loan closing) Title document review UCC law Mortgage compliance Client file management Legal document sorting and filing Scanning Follow-up (loan closing) Check processing Staff training Financial regulatory audit coordination Compliance documentation Post-closing quality control (loan processing) General ledger accounting Retention policy implementation Document archiving (loan processing) Managing projects Payment reconciliation Regulatory compliance analysis Senior level Regulatory audits Audit support Full Job Description Assist Senior Vice President of Loan Administration with the daily activities for the department.

Essential Duties and Responsibilities:

Include the following. Other duties and/or tasks might be assigned on a needed basis. Prepare and review Collateral Release documents according to the complexity of the collateral, including Satisfaction of Mortgage, UCC-3 Terminations, and any other recorded documents, as well as releasing lines on Automobiles, Boats and/or any other type of collateral. Ensure accuracy and compliance with document tracking and recording, serving as a final reviewer before submission. Oversee the preparation and mailing of closure letters, ensuring documents are properly endorsed and aligned with legal and policy standards. Issue and monitor Partial Releases; coordinate with internal and external stakeholders to resolve discrepancies. Manage and maintain detailed tracking systems for original documents, including Tickler Reports and reconciliation logs. Log and file all original Promissory Notes, and any other original document that needs to be placed on the bank's vault. Monitor UCC-1 and UCC-3 filings for both in-state and out-of-state transactions; ensure accurate recording timelines and follow-ups. Review and coordinate the Issuance of Loan Disbursement Checks ensuring proper General Ledger Account debit and/or the Borrower/s Account to pay for UCC-3 continuation recording fees. Daily reconciliation of the Loan Disbursement Check account issued by the Loan Administration Department. Track and lead monthly audits of the international loan payoffs, ensuring proper indexing, scanning, and compliance documentation. Monitor and reconcile Title Fee accounts, coordinate issuance or order of paper titles when applicable. Responsible for maintaining and updating Record Retention logs for the department, managing boxing and indexing of departmental files in accordance with company policy. Serve as the primary back-up to the Filing Clerk and assist in training junior staff in filing best practices. Lead or assist in special audits, regulatory reviews, or internal projects requiring collateral support. Act as a departmental resource to resolve complex issues or escalations related to loan documentation or collateral exceptions. Serve as back up to the VP, Loan Operations, supporting the pledging of loans with the Federal Reserve Bank (FED) and The Federal Home Bank Atlanta (FHLB), to ensuring accuracy and compliance with regulatory requirements.

Disclaimer:

This job description is not employment agreement or contract. Management has the exclusive right to alter this job description at any time.

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