A Collateral Specialist works with loan documents and helps in recovering collateral. The job duties listed on the Collateral Specialist Resume are – communicating with clients and banks; verifying policies, assisting with the collateral recovery process; researching and releasing appropriate collateral with credit approval on commercial loans; interacting with business clients and partners; researching paid loan drops, determining what collateral is appropriate to release; engaging credit officer following collateral release standard for approval. Other duties include the following – taking responsibility for on-going lien position of loan collateral for more complex loans; monitoring systems of record ticklers, maintaining ticklers on systems of record for these items; processing releases of collateral and loan documents for loans; and providing direction and guidance to junior associates.
The nature of the job demands the following skills – knowledge of commercial lending, the ability to perform detailed research on accounts, familiarity with reviewing legal documentation; comfortable with on-line technology; basic knowledge of outlook, Word, and Excel; and the ability to take directions. A degree is commonplace among job applicants.
Objective : As a Collateral Specialist, responsible for Pulling critical collateral documents, such as an original note, copy of deed/mortgage, trust agreements, power of attorney agreements, legal description, title work, and closing disclosures to be shipped daily to warehouse banks.
Skills : Microsoft, Managing Skills, Good Communication Skills.
Description :
Blended both banks due to commonalities within positions.
Directed to offering the best customer service possible.
Worked well within a team and am capable of taking over leadership responsibilities (lead, supervised, or managed in most positions).
Ability to communicate well with different people both in person, on-line, or phone, is good at understanding various accents and dialects.
Maintained mortgage loans in a secured vault.
Created reports to national banks or loan underwriting.
Completed mail room and daily legal document.
Experience
2-5 Years
Level
Executive
Education
GED
Collateral Specialist Resume
Objective : Highly qualified Collateral Specialist with experience in the industry. Enjoy creative problem solving and getting exposure on multiple projects, and I would excel in the collaborative environment in which your company prides itself.
Skills : Excel, Monitoring Skills, Team Work.
Description :
Responsible for tracking flood insurance on loans with collateral such as buildings that are in a special flood hazard area.
Communicated with agents and borrowers on a daily basis to obtain or inquire on their flood insurance.
Force placed flood insurance for borrowers who did not provide sufficient insurance.
Paid all incoming premiums due to force-placed policies.
Monitored hazard insurance on loans taking equipment or buildings as collateral.
Interacted with loan officers for hazard information, question, and research.
Responsible for updating hazard and flood exceptions for loan officers.
Experience
2-5 Years
Level
Executive
Education
Diploma
Collateral Specialist Resume
Objective : Collateral Specialist with 2 years of experience in Reviewing and clearing exceptions with warehouse banks to ensure collateral is received and processed promptly to the investors.
Skills : Microsoft Office, Scanning SKills, Researching Skills.
Description :
Responsible for tracking the status of & processing closing packets for new & refinance loans.
Processed between 30-80 packets per day.
Reviewed closing packets to ensure all documents were present, signed, & notarized where needed.
Obtained any missing documents if packets were incomplete.
Pulled collateral from closing packets, ensured original note was endorsed, and sent all to related documents to warehouse bank.
Sorted & scanned original closing packets into Encompass & filed hard copy.
Responsible for issuing refunds, in the form of checks and/or deposits.
Experience
2-5 Years
Level
Executive
Education
Bachelor Degree
Collateral Specialist Resume
Objective : Seeking a Collateral Specialist position with an outstanding career opportunity that will offer a rewarding work environment along with a winning team that will fully utilize management skills.
Skills : Problem Solving Skills, Critical Thinking, Good Communication SKills.
Description :
Reviewed all original notes of loans closed or purchased.
Reviewed and cleared all Allonges sent by Correspondents.
Tracked all notes and Allonges.
Prepared original notes for daily delivery to warehouse banks following a strict schedule.
Worked with the Correspondent Department on incorrect Notes and Allonges sent in by Correspondents.
Updated the operating system for all notes sent to the bank and Scan Wiring Instructions, Note, Allonge, and/or Power Attorney before delivery.
Cross-trained on various duties in the Loan Delivery area.
Experience
2-5 Years
Level
Junior
Education
High School Diploma
Collateral Specialist Resume
Objective : Seeking a Collateral Specialist position. 4 years of experience in Reviewing daily reports on outstanding closing packages not received and placing calls to settlement/escrow agents to obtain the documents within specific timeframes to meet warehouse turn times.
Skills : MS Office, Analyzing Skills, Managing Skills.
Description :
Responsible for all aspects of accepting and implementing, maintaining, updating, and releasing of company's collateral positions.
Contacted all company personnel and all outside agencies personnel including, agents, financial institutions, escrow, and title companies, regarding the company's collateral procedures and position.
Acted as a backup to the fund's administration process by assisting personnel in organizing incoming account set-up and disbursement request files.
Performed multiple tasks under pressure, analyzes diverse business information, identifies and resolve problems in a timely manner.
Imputed, maintained, and updated all collateral instrument records in the collateral database.
Initiated title searches, prepared trust deeds, subordinations, and reconveyance of trust deed, and initiate the recording at the county as required.
Tracked and processed Irrevocable letters of Credit, Assignment of CD, and Assignment of Savings accounts.
Experience
2-5 Years
Level
Executive
Education
GED
Collateral Specialist Resume
Objective : Highly skilled Collateral Specialist, responsible for Maintaining current knowledge of policies and procedures as they relate to documents and warehouse banks.
Skills : Microsoft Office, Data Entry, Office Equipment, Administrative Assistant.
Description :
Maintained the banks' lien position on collateral for Commercial and Business loans.
Released mortgages and stock once loans were paid.
Filed UCCs following each States regulations.
Participated in vault projects and the audit of negotiable stocks.
Made management aware of problem accounts that were not covered by collateral as stated in loan documentation.
Maintained mortgage loan documents in secured vault Created reports to send to national banks for loan underwriting Completed mail room and daily.
Prepped and Scanned recorded mortgages Prep and Scanning of archived commercial loan files Numeric Filing of recorded mortgages Retrieval of.
Experience
2-5 Years
Level
Junior
Education
Diploma
Collateral Specialist Resume
Objective : As a Collateral Specialist, responsible for Preparing Assignment of Mortgages, Satisfaction of Mortgages, and CEMA documents and arranges for execution, as required, and also Performing periodic performance audits of lien release vendor.
Skills : MS Office, Maintenance SKills, Documenting Skills.
Description :
Maintained data in member records.
Matched titles to member accounts with attention to detail.
Researched titles. Answered member inquiries.
Helped with the transition from paper record to the computerized system.
Did the necessary data entry to update collateral.
Filled and maintained all actual collateral instruments in a designated safe environment.
Performed other duties as assigned such as Checking to see if the customers have registered the loan through the MERS website.
Experience
2-5 Years
Level
Executive
Education
High School Diploma
Collateral Specialist Resume
Headline : Hardworking, organized, Collateral Specialist professional with a proven background delivering sensible collateral technology solutions on time and under budget while working as a team member or team leader.
Skills : Managing Skills, Good Communication Skills, Team Work.
Description :
Worked closely with attorneys to negotiate fees and hold/postpone foreclosure sale dates.
Analyzed short sale accounts to determine eligibility for the HAFA government program.
Minimized losses on foreclosures by ensuring short sales close in a timely manner.
Secured payments via check, debit, money transfer or bank wire for all pending/completed workouts.
Possessed authority to underwrite accounts for the HAMP government program.
Managed a portfolio of up to 200 accounts and provided default counseling for alternatives to foreclosure.
Fully complied with the laws and regulations of the FDCPA guidelines.
Experience
5-7 Years
Level
Junior
Education
Bachelor Degree
Collateral Specialist Resume
Objective : Seeking a Collateral Specialist position. 8+ years of experience in Contributing to the fulfillment of the division and the bank objectives and goals. To perform as a team member, and completes any other job-related duties as assigned.
Skills : Legal Analyzing Skills, Team Work, Interpersonal Skills.
Description :
Managed the collateral accounts of hedge funds, banks, investment management firms, brokers, and insurance companies (Domestic and Foreign).
Issued and Answered Margin calls (cash & securities).
Negotiated with counterparties to resolve margin call disputes.
Experienced in using a Panini machine to allow refunds.
Prepared deposits and maintained a petty cash fund.
Maintained personnel, fixed assets, and customer files.
Reviewed released reports regularly to ensure shipments went out in a timely manner.
Experience
2-5 Years
Level
Executive
Education
G.E.D
Collateral Specialist Resume
Objective : As a Collateral Specialist, responsible for Researching, creating, and recording assignments to perfect bay views lien position, and also Maintaining a database for collateral movement to ensure all timelines are met.
Skills : Data Entry, Customer Service, Scanning Skills.
Description :
Scanned, uploaded, and filed collateral documents.
Sorted incoming and outgoing mail.
Responded to clients' emails, phone calls, and concerns in a timely and professional manner.
Gathered and organized information skillfully.
Scanned Recorded Deeds and Lien.
Exhibited a night lever of confidentiality.
Researched and verified account information to resolve any problems for the lender and to also make any account changes as needed per loan documents.
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