Collateral Control Specialist I

Univest Financial Corporation (UVSP), has approximately $8.2 billion in assets and $5.3 billion in assets under management and supervision (as of September 30, 2024). Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full-range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed to Local giving program is one of the things that differentiates us. In 2023, Univest donated $2.4 million to our local nonprofits and our employees volunteered more than 13,100 hours.

At Univest we invest in the success of our employees and customers. We offer our employees the ability to be their authentic selves, while fostering a culture and an environment that inspires change and inclusivity. We seek career-focused individuals, looking to bring passion and creativity to drive change. Our employees are encouraged to work collaboratively and embrace innovation to deploy needs-based financial solutions in the communities we serve.

We're hiring a Collateral Control Specialist I to join our Loan Operations Team.

• Review Consumer Loan approval documents to identify collateral and recording requirements

• Input all collateral related documents to Collateral Tracking modules of core banking and exception tracking systems

• Timely recording of collateral documents to perfect lien position with appropriate state or county office to ensure credit quality of the bank's portfolio

• Monitor the consumer loan exception report; identify, track and report missing or unperfected documents for timely follow up

• Track mortgages out for recording and final title policies; extract recorded documents, update systems and save scanned document image to document retention system

• Monitor and respond to recording rejections, issue resolutions

• Monitor Vintek (vehicle title vendor) lien expirations and process accordingly

• Monitor File Maintenance reports performing quality control review of system maintenance completed by collateral department to verify accuracy of updates

• Monitor and process paid consumer and commercial loans ensuring timely delivery

• Prepare necessary mortgage satisfactions & perform notary function

• Release lien for vehicle titles

• Release holds on deposit accounts

• Termination of UCC filings

• Scan all required documents and upload to document retention system

• Answer customer and third-party calls relating to consumer loan

• collateral

• Accountable for compliance with laws and regulations that apply to this position including the Univest Code of Conduct.

• Perform other duties as assigned.

• High School Diploma or GED equivalent

• 1 to 3 years of bank operations or retail banking experience preferred

• Strong communication and customer service skills required

• Ability to multitask in a fast-paced environment

• Excellent organizational skills and attention to detail a must

• Ability to discern inconsistencies and errors in consumer and mortgage documents and follow-up with the required decision makers

• Experience with Jack Henry or equivalent banking systems, Microsoft Suite, and Salesforce preferred

• Ability to work with various forms of technology and perform general office administrative functions

• Ability to perform all job functions remotely as required

Wage Range:

The salary for this position ranges from $17.00 to $19.00 per hour

Benefits Overview:

Univest offer's a comprehensive benefits package that includes:

• Health Insurance: Medical, dental and vision coverage (single or family; begins the first of the month following start date)
• Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
• Paid Time Off (PTO): 15 days annually (prorated your first year)
• Short Term Disability: 10 days annually of sick time with a doctors note (prorated your first year)
• Holiday Time Off: 11 paid holidays
• Commissions: paid quarterly based on individual and team production
• We offer company paid life insurance: as well as other supplemental insurances
• Tuition reimbursement
• Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
• Discounts: on loan products
• Professional development trainings

Click here for Benefit Information

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An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

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