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Collateral Specialist

BankUnited
United States, Florida, Miami Lakes
Jun 28, 2025
SUMMARY: Administers the collateral related activities for Commercial Real Estate/Corporate/Small Business Banking/Private Banking loans from new loan thru payoff. Other duties as assigned by the Commercial Loan Servicing Manager or Commercial Loan Servicing Supervisor. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned. Responsible for ensuring that the Bank's internal and external customers receive an adequate level of service and assistance with their questions and or concerns. The nature of their service needs can vary considerably. Monitor the CCLRS queue for incoming assigned requests and complete them accurately and efficiently. Monitor the LOVE Closed queue for paid off loans and complete the appropriate actions accurately and efficiently. Review daily new vehicle collateral report and add loan, VIN and title information into Vintek. Review the Vintek unrecognized title report, perform research to identify the loan and update Vintek accordingly. Process the release of vehicle titles in Vintek upon payoff of a loan with vehicle collateral or a CCLRS request to release a title. Review tracking item reports and attorney accounts within CT Liens to ensure that all new UCC collateral filings in the appropriate portfolio within CT Liens for ongoing monitoring. Perform research, work with Loan Administration and create historical filings as needed. Close tracking items. Review CT Liens "Pending Expirations" queue, perform research as needed and process the continuations of expiring UCC filings per the department guidelines. Process UCC terminations or archive filing in CT Liens upon payoff of a loan with filed UCCs or a CCLRS Request to release UCC collateral. Upon payoff of loans with real estate collateral, send the appropriate loan documentation to the attorney to prepare the satisfaction of mortgage/release of lien. Facilitate the execution of the release documents and ensure receipt of recorded documentation. Update the LOVE actions as appropriate. Prepare all paid loan files for storage by placing them into boxes marked with the correct description and contact the Record Retention Company for pick-up. Pull system generated Paid Loan reports on a monthly basis. Retrieve / order paid loan files (collateral and servicing) from the records department. Upon request of payoff figures, review loan documentation and determine which fees need to be collected at payoff and prepares payoff letter. Obtain the appropriate approval to release. Perform all research requests on all recorded documents and titles. Post general ledger entries and prepare official checks for the department. Perform daily workstation balancing and process the required offsetting entries via BTE or general ledger tickets. Scan the daily general ledger tickets and checks into SCO. Note: Functions noted above are primarily performed independently, however all reports, accounting entries and system entries must be properly approved by the CLSM or CLSS. Trains, oversees and assists level I and II Collateral Specialists when needed. Be able to work independently with minimal required assistance from supervisor. Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.). Adheres to Bank policies and procedures and completes required training. Identifies and reports suspicious activity. EDUCATION Associate's Degree required Or Bachelor's Degree required Or EXPERIENCE Equivalent related experience required Prior experience in a loan processing/servicing area or related environment, dealing with a variety of commercial insurance coverage types and products required