LOAN BOARDING SPECIALIST-COLLATERAL

 

WHAT IS THE OPPORTUNITY?This position is responsible for the review and analysis of loan boarding packages for commercial and consumer loans and booking collateral to the Collateral Management System. Acts as liaison with Closing Department to resolve collateral matters pre and post boarding. This position will handle moderate to complex collateral issues and will work independently with minimal guidance from Supervisor or Assistant Supervisor.

 

WHAT WILL YOU DO?Performs collateral reviews and identifies exceptionsEnsures that Demands and Reconveyances tracking is in conformity with regulatory/government requirements.Updates the Collateral Tracking SystemFulfills internal requests for collateral review and document preparationResponsible for ensuring compliance with assigned Bank policies and procedures relating to collateral perfection and monitoring.Processes, solves and answers simple to complex collateral related issues.Responsible for data integrity of Collateral Management System.Maintains a proficient knowledge of applicable banking and RESPA rules and regulations.Manage Special Projects independently.Maintain a proactive, committed approach to such programs as Customer first, Community Reinvestment Act (CRA) and Equal Employment Opportunity.

 

WHAT DO YOU NEED TO SUCCEED?Required Qualifications*

 

Minimum 3 years of experience working in documentation or a bank servicing departmentMinimum 3 years of experience in analyzing loan documents and credit approval documents.Minimum 2 years of experience with MS Office Suite  Additional QualificationsKnowledge of terminology and documents, related to the perfection and retention of collateral (e.g. real estate, Security Agreement and UCC filings, etc.).Must be able to process and handle large volumes ensuring quick turnaroundFamiliarity with the CFPB, RESPA and Article 9Education: Associates Degree or higher.Strong Microsoft Office suite knowledge,Strong math/accounting, data analysis and business writing skillsStrong research and analytical skillsAbility to quickly adapt to and become proficient in disparate loan processing systemsCandidate for this position must be able to analyze commercial and consumer notes and credit memorandum. Candidates must have a strong documentation and collateral background
WHAT'S IN IT FOR YOU?CompensationStarting base salary: $24.46 - $36.69 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and PerksAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start dateGenerous 401(k) company matching contributionCareer Development through Tuition Reimbursement and other internal upskilling and training resourcesValued Time Away benefits including vacation, sick and volunteer timeSpecialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programsCareer Mobility support from a dedicated recruitment teamColleague Resource Groups to support networking and community engagement Get a more detailed look at our Benefits and Perks.
ABOUT USSince day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENTCity National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled. Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.