Mortgage Collateral Specialist in Philadelphia, PA at Jobs | Lyneer Staffing

Date Posted: 6/21/2019

Job Snapshot

Job Description

Financial institution located in Center City is seeking a Collateral Specialist to cover a short-term contract position for a maternity leave.  This role will be approximately 2 months.  The Collateral Specialist will work out of the Center City office near 16th and Market.  


  • Make certain that the Bank’s loan remains properly secured by monitoring and reporting on the value of negotiable collateral and/or the timely continuation of UCCs.
  • Produce and distribute timely accurate reporting on negotiable collateral.
  • Prepare written correspondence in response to requests for payoff quotes from attorneys, title companies, customers or relationship managers.
  • Promptly record collateral documents which secure the Bank’s loans.
  • Monitor reports to ensure the discharge of collateral is performed within regulatory guidelines.
  • Review executed loan legal documents and support material post closing to make certain the Bank has the ability to secure pledge collateral and or collect the obligation. Document, track and report any exceptions noted during the review to ensure timely and accurate resolution.

Job Requirements

Education and Experience: College degree in Business Administration, Finance or related field preferred; significant documentation, post closing, or collateral experience may substitute


Skills and Competencies:

·            Strong computer skills required (Microsoft Office: Word, Excel, PowerPoint, Access); familiarity with banking and loan systems; LaserPro, Silverlake, Baker Hill preferred.

·            Proven ability to be detail oriented with excellent organizational skills

·            Good communication skills, written and oral

·            Excellent time management skills

·            Ability to multi-task

·            Professional demeanor and appearance