BBVA Compass

  • Loan Specialist Ii

    Posted Date 1 month ago(3/20/2018 10:06 AM)
    EOE Statement
    Equal Opportunity Employer - Minority/Female/Disability/Veterans.
  • Overview

    At BBVA, we are working to make banking better for everyone. That is where you come in. We are looking for smart, team oriented people who want to be part of a first-class workforce that gives people the tools they need to meet their financial goals, all while delivering an outstanding client experience. Learn more below.


    Loan Operations - Collateral Release


    Function:  Review account information for all paid out loans housed on the Alnova loan system.  Release the collateral on paid off loans in order to close out (satisfy) the loan according to established bank policies and procedures and federal/state regulations.  Responsible for working the DealerTrack Paid report, where auto titles are released electronically via 3rd party vendorAssist with terminating UCC (State and County) filings and Early Release requests.  Responsible for completing other assigned tasks in a timely manner and within SLA standards.  



    1. Compare physical documentation contained in the loan files to the loan system for accuracy and completeness
    2. Process auto title releases through Dealertrack’s TMS system
    3. Process UCC terminations through CT Lien Solutions’ iLien database
    4. Utilize CT Lien Solutions’ iLienRed database to prepare correspondence regarding satisfactions of liens
    5. Assist with processing early release of collateral requests, as assigned and within specified time frames
    6. Utilize Client Vista and Alnova to maintain and review loan information as well as ensure loans have been properly paid off before any documentation is released
    7. Check for cross-collateralization, notifications to hold collateral and notifications of reworks prior to processing the release of collateral
    8. Send Officer Approval letters as required for release of note and collateral
    9. Utilize Loan IO, Tickler, Client Vista, Content Viewere, DealerTrack to properly research collateral information for paid out loan files
    10. Provide assistance to loan officers, retail personnel and back office support through phone and email communication, while maintaining a high degree of professionalism
    11. Adhere to performance and production goals
    12. Cross train on all functions within the department


    Required Qualifications:

    1. High School diploma or GED
    2. Must have strong verbal and written communication skills
    3. Must be able to read, comprehend and retain knowledge concerning Loan Operations processes, methodologies and procedures
    4. Must have strong analytical skills as well as above average data entry skills
    5. Must demonstrate strong attention to detail
    6. Must have an outstanding customer-centric mindset
    7. Must have proficient use of MS Word and Excel
    8. Must be able to lift files on a daily basis
    9. Must be able to work in a team environment
    10. Must have loan documentation knowledge
    11. Must have the ability to multitask while working under pressure
    12. Ability to exercise good judgment and make sound decisions


    Preferred Qualifications:

    1. Some college
    2. DealerTrack, CT Lien Solutions, Alnova and TS2 loan systems
    3. Experience with Google Docs and Sheets

    Must have 2-3 years experience in an Operations environment, preferably with loans


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