Collateral Specialist II

Date: Jan 20, 2018

Location: Tulsa, OK, US

Req ID: 40801 

Areas of Interest: Bank Operations; Lending 

BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states – Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies.                  .

The Collateral Specialist II is primarily responsible for preparing lien release documents for paid in full accounts for Consumer and Commercial portfolios by analyzing commitment/worksheets, loan systems, new, renewed and amended loan/collateral documentation in order to 1) release liens against perfected collateral, and 2) to comply with internal bank policies as well as, state and federal regulations. Also advises lending staff on documentation issues and ensures proper approval for partial release transactions. Collateral Specialist must have the ability to type 50-100 satisfactions per day. Notarize and sign documents based on state/jurisdiction compliance. Understand service levels within department and internal compliance standards including Reg A&B. Cross training heavily exercised to allow adaptability within all functions within the Collateral Services department.

PRINCIPLE DUTIES AND RESPONSIBILITIES:
  1. Determines appropriate actions to be taken to ensure proper release of all collateral items: including forwarding transfers of liens, mortgages, and UCC’s to the appropriate recording agencies to be filed of record; ensures holds are removed on CD’s, possessory collateral is properly dispensed, and obtains acknowledgements and assignments.
  2. Analyzes commitment/loan worksheets, note, loan and security agreements for lien release/paid in full transactions including renewals and/or collateral amendments; determines all necessary documentation required for each transaction; advises commercial lenders on various documentation, legal, or policy issues that may affect the banks collateral position; strives to seek solution to avoid potential collateral lien weaknesses.
  3. Ensures proper approval of loans and adherence to policies; ensures loans are closed in exact accordance with the approved commitment; enters all follow-ups and exceptions into the WITS exception tracking system.


KNOWLEDGE, SKILLS and ABILITIES:
  • Working knowledge of loan recording/release requirements for multiple states
  • Working legal knowledge of documentation requirements for loans to individuals and legal entities
  • Working knowledge of the Uniform Commercial Code, Regulation B, C, Z, RESPA, Fair Credit Reporting Act, and other federal and state regulations on lending and consumer compliance
  • Working knowledge of typical commercial and consumer lending policies
  • Excellent interpersonal, oral and written communication skills
  • Excellent PC skills including word processing and spreadsheet applications
  • Must be able to work independently, adapt to a multi-task environment and work well under pressure; detail oriented
This level of knowledge is normally acquired through an Associate’s Degree in Business along with 3-5 years of experience in loan processing; or 6-8 years equivalent experience.

BOK Financial is a stable and financially strong organization that provides excellent training and development to support building the long term careers of our employees. With passion, skill and partnership you can make an impact on the success of the bank, our customers and your own career!
 

Apply today and take the first step towards your next career opportunity!
 
BOK Financial is an equal opportunity employer.  We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status.

Attention All Third Party Agencies, Headhunters, and Recruiters
BOK Financial and its Subsidiaries will not accept candidate submission by unsolicited third parties through this site or any company email address. All unsolicited candidates presented to BOK Financial and its Subsidiaries will be considered the property of BOK Financial. BOK Financial and its Subsidiaries will not be responsible for any fees associated with unsolicited candidates, nor will a contractual relationship be formed by the submission. BOK Financial and its Subsidiaries are not obligated and will not under any circumstances pay any fees to said third parties submitting candidates in this manner. BOK Financial and its Subsidiaries only forms contracts with recruiters with whom we have an established business relationship and with whom we have in place a signed agreement. All contact with BOK Financial and its Subsidiaries from third parties must be through our Human Resources Department. Any contact made outside of the BOK Financial Human Resources Department by a third party will cancel any future business relationships between the third party and BOK Financial.

Please contact recruiting_coordinators@bokf.com with any questions. 


Nearest Major Market: Tulsa
Nearest Secondary Market: Oklahoma

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