Farm Credit of Southern Colorado (FCSC) is seeking a Loan Servicer I to join our team. The chosen candidate will be responsible for post-closing collateral management and servicing actions. They will serve as the primary custodian of collateral documents. This role provides support to the loan processing, loan officer, and credit teams.
This position is full time, working approximately 40 hours a week, and is benefits eligible. Occasional travel may be required to sufficiently support other locations within territory.
Organizational Information
At Farm Credit of Southern Colorado, we believe in creating a culture where teammates enjoy coming to work and feel included. We live this every day by enacting our FIRST principles, Fun, Integrity, Respect, Service, and Trust. Our commitment to our employees has earned Farm Credit of Southern Colorado recognition by the Colorado Springs Gazette a Best Place to Work for the past 4 years.
As one of the Farm Credit System’s associations, Farm Credit of Southern Colorado is a robust organization serving its member/owners in 31 counties throughout Southern Colorado. With over $1.6 billion in assets, Farm Credit of Southern Colorado’s approximately 100 staff members bring strength to its shareholders and communities. Farm Credit of Southern Colorado is a member-owned cooperative that provides a wide range of financial products and risk management services for agricultural producers, agribusinesses, land owners and rural homeowners.
Today, the Farm Credit System is one of the strongest, most financially sound lending institutions in the U.S. Its 59 institutions serve our country’s farmers and ranchers, rural America, and agribusiness.
Position Summary:
The Loan Servicer is responsible for post-closing collateral management and servicing actions, serving as the primary custodian of collateral documents. This role provides support to the loan processing, loan officer, and credit teams.
Responsibilities:
Collateral Custodian
- Runs a weekly report in load database for all paid off loans
- Processes paid off loans by unwinding perfected collateral, including preparing and recording releases of Deeds of Trust/Mortgages, terminating Uniform Commercial Code Financing Statements, cancelling Lereta property tax tracking, and notification to State Land Board
- Coordinates with Operations Specialist on release of vehicle liens, ticklers, insurance and water stock assignments
- Runs a weekly report in load database for all Booked Loans
- Receives loan closing documents from all Association Branches
- Verifies Collateral is perfected by looking at Recorded information on Deeds of Trusts/Mortgages, and Lereta Property Tax Tracking
- Verifies all documents have been signed
- Verifies documents are saved in permanent storage database
- Files received documents into the Collateral Custodian Filing cabinets in the Vault.
Uniform Commercial Code (UCC) Financing Statements
- Determines whether UCC’s are perfected and terminates as necessary
- Notifies Operations Specialist on all new, continuations, and amendments
Electronic Loan Files
- Reviews and updates the Legal Descriptions in the Lereta Tax Filing Website
- Reviews and updates Simplifile for Releases of Deeds of Trust and Partial Releases
Loan Documents
- Prepares letters to borrower(s) enclosing retired loan documents
- Letter is entered in OnBase with first page of each retired loan document
Lereta Tax Service
- Input collateral information to create a file for Lereta Tax Service
- Works closely with the Credit Administration Team to finalize Booked Loans.
Data Security and Confidentiality
- Appropriately protects the confidentiality, security, and integrity of the Association, employees, borrowers, and other stakeholders
Minimum Qualifying Characteristics:
- Associate’s degree in business administration, finance or agricultural related field.
- No related experience required, or an equivalent combination of education and experience sufficient to perform the essential functions of the job
- Notary Eligible
- General knowledge of legal, loan and real estate terms, definitions and verbiage
- General knowledge of agricultural terms, definitions and verbiage
- General knowledge of financial terms, definitions and verbiage
- Skill in learning and applying standard processes and procedures
- Skill in processing complex, detailed forms and documents in an accurate and thorough manner
- Skill in utilizing Word/Excel/PowerPoint/Outlook to increase efficiency and effectiveness
- Aptitude for learning and effectively using a variety of software applications and computer technology
- Skill in organizing documents and data
- Skill in oral and written communication, sufficient to exchange information effectively with peers, supervisor and borrowers
- Skill in adapting to change and meeting short deadlines
- Ability to multi-task and prioritize workload
Farm Credit of Southern Colorado is an Equal Opportunity Employer dedicated to diversity in the workplace and offers a great work environment. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, national origin, disability, or protected veteran status.
The following information is disclosed in compliance with the Colorado Equal Pay for Equal Work Act. Similar positions applied for outside of Colorado will not necessarily receive the same compensation.
Salary Range: $42,000 to $50,000
This range is a good-faith and reasonable estimate of the range of possible compensation at the time of this posting. Actual salaries could vary and may be above or below the range as permitted by Colorado Equal Pay Transparency Rule 4.1.2. Variation is based on various factors including but not limited to location, qualifications, experience, operational needs and other considerations permitted by law. In compliance with the Colorado Equal Pay for Equal Work Act, a potential new employee’s salary history will not be used in compensation decisions. In addition, benefits for this position include medical, dental, vision and life insurance, 401k, tax advantage accounts, paid vacation, sick leave and parental leave.
FINAL DATE FOR APPLICATION: Until the position is filled.
