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Loan Collateral / Lien Release Specialist in Brooklyn, OH at Fast Switch

Date Posted: 3/8/2019

Job Snapshot

Job Description

Job ID: 51200

Our client in Brooklyn, Ohio is seeking a Loan Collateral / Lien Release Specialist.

The Lien Release team is centralized in Brooklyn, Ohio and consists of three Commercial and eight Consumer Collateral Specialists, two Workflow Coordinators, and a Department Manager. 

The primary objective of the Lien Release team is to minimize risk and controllable loss to the client by serving as the Bank’s internal control point over releasing the loan collateral.

The Lien Release Specialists are responsible for all tasks associated with preparing and filing loan collateral release documents in accordance with department procedures and State / County requirements. Prior to releasing the Bank's interest in a customer's collateral, the Lien Release Specialist will:

• Validate the loan is paid in full, including; principal, fees, and interest via a mainframe based loan systems.
• Perform an extensive review of the collateral in our loan systems to insure the collateral is not tied to other open or outstanding loans or lines.
• Verify the loan or servicing rights were not previously sold or assigned to another Bank.
• Obtain the appropriate approvals from the borrower's Contact Officer or Credit Officer to insure the collateral is not going to be used to secure future loans or lines.
Once the above is complete, our team will take the necessary actions to release our lien(s), which include: preparing, executing, notarizing, and filing the appropriate lien release document(s) with the appropriate recording agency or working with a third party to do the same.

To achieve our daily processing goals, after an initial six-month on-boarding period, Lien Release Specialists are expected to achieve task specific: service level, quality, and productivity standards while adhering to KeyBank policies and department procedures. 

Required Qualifications - 
• High School diploma or equivalent
• Intermediate PC skills and ability to use MS Word
• Experience working with mainframe and web-based applications
• Ability to read and interpret complex legal documents
Preferred Qualifications - 
• Prior collateral processing or loan records experience
• General knowledge of consumer and commercial loan products
• Knowledge of collateral documentation
• Experience working with the ALS, CLS, Loan IQ, and KVD applications
• Experience working in a fast paced, back-office, banking operation
• Training Provided: Written procedures and on the job training with a subject matter expert. 



Skill/Experience/Education

Mandatory

Prior loan collateral experience


Fast Switch, Ltd. is a high-growth IT staffing firm, with headquarters in Dublin, Ohio and with offices serving the Columbus, Detroit, Boston, Cincinnati, Minneapolis, Phoenix, Hartford, Los Angeles, Tucson, San Francisco, Denver, and Cleveland metropolitan areas.  We have a staff of over 780 associates and have experienced growth while remaining profitable.

Compensation can vary depending on experience and capability, plus benefits which include healthcare, dental, and vision insurance, long term disability coverage, and 401(k) with match and IMMEDIATE vesting.  Our benefits package, in this day and age, is superb.

To view all of our open positions, please go to: www.fastswitch.com and/or navigate to our Careers page.

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