Collateral Specialist at MERITRUST CREDIT UNION

Broomfield, Colorado, United States -

Full Time

Start Date

Immediate

Expiry Date

19 Apr, 26

Salary

32.72

Posted On

19 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Collateral Management, Title Processing, UCC Filings, Loan Documentation, Data Entry, Microsoft Office Suite, Attention to Detail, Organizational Skills, Customer Service, Problem Solving, Vehicle Title Regulations, Loan Servicing, DMV Systems, Electronic Lien Titles, Document Scanning, Multitasking

Industry

Banking

Description

Job Details Level: Experienced Job Location: BROOMFIELD, CO 80021 Position Type: Full Time Education Level: High School Salary Range: $26.17 - $32.72 Hourly Job Shift: Day POSITION SUMMARY: The Collateral Specialist is responsible for managing all aspects of collateral documentation for consumer auto loans and other secured loans. This position ensures accurate and timely lien perfection, title processing, UCC filings, and documentation management in compliance with credit union policies, state/federal regulations, and lending guidelines. The role supports the loan lifecycle by resolving discrepancies, responding to internal and external inquiries, and maintaining accurate collateral records. ESSENTIAL FUNCTIONS: Process and perfect auto loan title liens with appropriate jurisdictions within established timelines. Onboard new consumer auto loans and conduct outreach to members as needed. Perform title corrections, manage rejections, and track resolution status. Process lien releases on paid-off vehicles according to credit union policy. Manage UCC filings for other secured collateral (non-real estate). Respond to internal Help Desk tickets related to vehicle loan requests. Complete title auditing, file maintenance, and document scanning/indexing. Manage Electronic Lien Titles (ELTs) and paper title check-in processes. Respond to vehicle payoff requests and provide member support. Provide support to branches and internal departments regarding loan documentation. Answer member phone inquiries and resolve issues promptly and courteously. Maintain well-organized collateral files (physical and digital) and ensure data accuracy. Participate in required department meetings and training. Maintain confidentiality and uphold the credit union’s professional standards. Qualifications QUALIFICATIONS Education/Certification: High school diploma, GED, or equivalent required. Additional business coursework preferred. Notary Public certification may be required based on jurisdiction. Required Knowledge: Basic understanding of consumer lending practices and collateral requirements. Familiarity with lien perfection processes and vehicle title regulations. Knowledge of applicable federal and state laws related to consumer loan collateral. Understanding of loan documentation and title tracking procedures. Experience Required: 1–3 years of experience in consumer lending, loan servicing, title processing, or a related role. Experience with DMV systems, lien perfection, and consumer loan documentation preferred. Prior credit union or financial institution experience strongly preferred. HARD/TECHNICAL Skills/Abilities: Proficient with Microsoft Office Suite (Excel, Word, Outlook). Experience with core banking and loan servicing systems (e.g., Symitar, MeridianLink, or similar). Familiarity with Electronic Lien and Title (ELT) systems and DMV web portals. Skilled in scanning, indexing, and maintaining digital and paper collateral records. Accurate data entry skills and ability to maintain high standards for data integrity. Ability to read and interpret vehicle titles, lien documents, and loan agreements. Comfortable generating and reviewing title tracking and lien reports. Strong attention to detail, organizational skills, and multitasking ability in a time-sensitive environment. WORKING CONDITIONS Standard office conditions Low to moderate noise Limited lifting up to 25 lbs. This description has been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Essential functions, requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate. In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization. The Credit Union believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties, qualifications, and job scope, but not limit the incumbent. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors. Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.

Responsibilities

The Collateral Specialist manages all aspects of collateral documentation for consumer auto loans and ensures accurate lien perfection and title processing. This role also involves resolving discrepancies and maintaining accurate collateral records.