Collateral Specialist II

Job description

Rockland Trust is currently seeking a Collateral Specialist II for our Loan Operations team. The Collateral team is responsible for releasing collateral attached to paid loans within established regulatory time frames as well as for continuing and terminating UCCs, maintaining the inventory of original notes, negotiable collateral, and physical loan files, and preparing partial releases and subordination agreements. Qualifications/Skills: - This position is responsible for performing various duties associated with maintaining and releasing loan documentation and collateral in accordance with department procedures and state and federal regulations. - Prepare discharges on paid loans within regulatory guidelines. This position has a specific focus on the preparation of Commercial loan discharges where the Collateral is attached to real estate. Focus rests primarily on the commercial real estate discharges due to the complexity of the loan documentation, cross-collateralization of assets, and account relationships involved. - Review BI paid loan report to determine which Commercial loans are tied to real estate. Communicate with the Lender to receive approval to release collateral. Re...