Specialist (Consumer Lien Release) in Brooklyn, OH at Key Bank- Corporate

Date Posted: 1/8/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    4910 Tiedeman Road
    Brooklyn, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    1/8/2020

Job Description

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

The primary objective of the Lien Release team is to minimize risk and controllable loss to KeyBank 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. Maintaining accurate and complete records of actions performed to ensure timely release of loan collateral.

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/Excel
Experience working with mainframe and web-based applications
Ability to read and interpret complex legal documents
Attention to details
Strong problem solving skills, flexible thinking
Service oriented – client centricity
Ability to lift/move 40 pound mail tubs

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, MSP and KVD applications
Experience working in a fast paced, back-office, operations environment
Training Provided: Written procedures and on the job training with a subject matter expert.



FLSA STATUS:Non-Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

39814BR

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