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SouthState Bank · 2 weeks ago

Loan Ops Collateral Release Specialist - Charleston

Charleston, SC

Full-time

Onsite

New Grad, Entry Level

SouthState Bank is a trusted financial partner known for its commitment to helping customers move forward. The Loan Ops Collateral Release Specialist is responsible for managing collateral release processes for paid-out loans, ensuring compliance with regulations, and supporting other areas within Loan Operations as needed.

BankingFinanceFinancial ServicesLendingWealth Management

Responsibilities

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

Releases would be processed and submitted through mail and/or the applicable state and county on-line services or appropriate vendor software

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

Keeps up-to-date with industry trends and regulations

Perform all other related job duties and special projects as assigned

Ensures compliance with the South State Bank Code of Business Conduct and Ethics and other operating policies and procedures

Completes required compliance training, adheres to all anti-money laundering guidelines and procedures, and all regulatory requirements

Qualification

Collateral release processesMortgage collateral documentsFiServ systems softwareMS Office proficiencyAttention to detailCustomer serviceCommunication skillsOrganizational skills