KeyBank Specialist IV (Commerical Lien Release) in Brooklyn, Ohio
The primary objective of the Lien Release team is to minimize risk and controllable loss by ensuring that collateral used to secure a loan or line is released timely at the county or state recording jurisdiction.
The Lien Release Specialists are responsible for all tasks associated with preparing and lien release of loan collateral documents in accordance with department procedures and State / County requirements, in order to release KeyBank’s lien on a paid off loan or paid in full and closed line.
Essential job functions include:
•Analyze loan or line to determine the proper documentation necessary to release the collateral.
•Ensure timely lien release for various types of collateral; including real estate, titles, UCCs, and documented vessels.
•Diminish risk to KeyBank by ensuring regulatory and policy compliant documentation.
•Communicate with county and state title bureaus and county recorder offices to discuss lien release process and requirements.
•Communicate with third party vendors and line of business partners to resolve exception items.
To achieve our daily processing goals, after an initial six-month on-boarding period, Lien Release Specialists are expected to achieve task specific: service level, quality, and productivity standards while adhering to KeyBank policies and department procedures.
•High School diploma or equivalent
•Intermediate PC skills and ability to use MS Word
•Experience working with mainframe and web-based applications
•Ability to read and interpret complex legal documents
•Prior collateral processing or loan records experience
•General knowledge of consumer and commercial loan products
•Knowledge of collateral documentation
•Experience working with the ALS, CLS, Loan IQ, and KVD applications
•Experience working in a fast paced, back-office, banking operation
•Training Provided: Written procedures and on the job training with a subject matter expert.
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.
ABOUT THE BUSINESS:
Key Technology and Operations (KTO) is Key Bank’s shared services organization for technology, operational, and servicing functions supporting business partners and clients across all lines of business. Within the overall organization, KTO provides efficient, reliable and secure technology; creates an effective variable cost technology delivery model that maximizes the return on IT spend; orchestrates the efficient use of corporate information and technology assets; and supports innovation that creates competitive distinction. KTO is effective and efficient in payment and deposit servicing, loan servicing, exception and dispute processing, investment and support services, sourcing and procurement, as well as enterprise-wide fraud prevention, investigations and operational support to human resources and the Bank’s BSA/AML program.
FLSA STATUS: Non-Exempt
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.