Collateral Specialist

Who We Are

BankUnited (NYSE: BKU) is a national bank headquartered in Miami Lakes, Florida with banking centers in Florida, the New York metropolitan area, Dallas and Atlanta. BankUnited has two subsidiaries, Pinnacle Public Finance headquartered in Scottsdale, Arizona and Bridge Funding Group headquartered in Hunt Valley, Maryland. We pride ourselves on our entrepreneurial and collaborative culture encompassing the best minds, the brightest talent and the boldest decision makers.

BankUnited is ranked #4 as one of America's Most Trusted Companies in the Banking industry and is honored to have been included on the Newsweek and Statista America's Most Trusted Companies Award List!

Our Culture

At BankUnited, we foster a diverse and inclusive environment where all employees have the opportunity to advance, grow and achieve their goals. Our rally cry is to GO FOR MORE™, a call to action to go above and beyond to provide the best customer experience to every client and to GO FOR MORE in your career.

Why BankUnited

Working for BankUnited offers you exciting challenges and opportunities to advance your professional development, while empowering you to deliver and be your best. We are happy to report the average tenure according to LinkedIn insights is 8.3 years. We strive to provide a competitive benefits plan to our employees and are proud to have been ranked #13 as one of the 2021 Healthiest 100 Wokplaces in America by Springbuk and awarded HEALTHIEST EMPLOYER by the South Florida Business Journal for three consecutive years since 2020.

As a company, we believe we are only as successful as our people and are committed to providing training and innovative resources that prepare you to reach your full potential. That's why in addition to tuition reimbursement, we provide our employees with exciting career coaching, courses and training through our own GO FOR MORE™ Academy and mentoring opportunities through our iCARE™ (Inclusive Community of Advocacy, Respect and Equality) program.

At BankUnited, we strive to provide our employees with a work life balance. Specifically, retail branches operate 5 days a week Monday - Friday, excluding evening and/or weekend hours. For many of our positions, we offer a hybrid work environment, as well as a remote work environment for designated positions.

If you thrive in a fast-paced collaborative work environment, Apply Now and start your journey with BankUnited today!

Job Description

Location:Miami Lakes, FL

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.
• Be able to work independently with minimal required assistance from supervisor.

EDUCATION and/or EXPERIENCE

• Associate's Degree required Or
• Bachelor's Degree required Or
• Equivalent related experience required
• 0-3 Years prior experience in a loan processing/servicing area or related environment, dealing with a variety of commercial insurance coverage types and products required

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