Karrie Cordray
Poplar Grove
Summary
Meticulous professional with substantial expertise in collateral management and loan processing. Demonstrated success in executing audits, ensuring compliance, and cultivating client relationships, enhancing operational efficiency and precision.
Overview
24
24
years of professional experience
Work History
Collateral Specialist
First National Bank and Trust Company
Beloit
2019.08 - Current
- Managed collateral documentation for loans.
- Assisted in preparing reports on collateral status.
- Developed strong relationships with clients for collateral management support.
- Conducted regular audits of collateral files and records.
- Prepare and complete releases for DPP grants.
- Prepare and complete subordination agreements.
- Prepare and process loan payoffs.
- Notarizes all recording documents for the department.
- Tracking all UCCs for participation loans and vehicle titles.
- Preparing and booking Balloon Real Estate Extensions.
- Working vehicle home insurance claims.
- Completing new UCCs, terminations, and continuations.
Loan Processing Specialist
Gateway Community Bank
Roscoe
2007.02 - 2019.07
- Collaborated with team members to streamline workflow and enhance service delivery.
- Utilized banking software to manage account information and customer inquiries.
- Maintained up-to-date knowledge of banking regulations and compliance standards.
- Maintained confidentiality of sensitive customer information at all times.
- Coordinated with other departments to ensure that all necessary documentation was completed correctly.
- Assisted customers with inquiries regarding their accounts, transactions, and payment statuses.
- Reviewed and verified documents for accuracy, completeness, and compliance.
- Implemented new procedures designed to streamline existing processes for greater efficiency.
- Test and verify HOEPA, and HPML.
- Input HMDA applications and perform audit reports.
- Assist in the preparation for audits and exams.
- Provide support to loan officers and underwriter teams.
- Accurate processing of real estate, consumer, home equity, HELOC, and all commercial loans.
- Emailed completed documents to supervisors and co-workers to confirm accuracy.
- Answered incoming phone calls and directed callers to appropriate departments and personnel.
Closing Coordinator
Metropolitan Title Agency
Rockford
2002.02 - 2006.05
- Coordinated closing processes for real estate transactions at a leading title agency.
- Managed communication between clients, lenders, and agents throughout the closing process.
- Prepared and reviewed closing documents to ensure compliance with regulations.
- Facilitated scheduling of closing appointments for clients and stakeholders.
- Performed title searches, ordered reports, and obtained clearance documents.
- Verified that all fees associated with the loan were correctly calculated and paid out at closing.
- Provided customer service to clients regarding their loan status and any questions they may have had.
- Answered inquiries from other departments related to document preparation or customer service issues.
- Coordinated with lenders to ensure timely closing of loans.
- Prepared loan packages for closing, ensuring all documents were accurate and complete.
- Prepared final settlement statements for buyers, sellers, and lenders.
- Processed payments after closing and released funds according to instructions provided by lenders.
- Reviewed and maintained closing documents for accuracy and completeness.
- Responded to customer inquiries and researched answers to questions.
- Reviewed title commitment and insurance policies to support pre-closing documentation.
- Scheduled loans with attorneys to close within expiration dates.
- Worked with legal counsel, lender and title company to receive loan approval.
- Scanned and uploaded loan and related documents into system.
- Assembled and compiled documents for loan closings.
Skills
- Collateral management and monitoring
- Loan processing and documentation
- UCC filings and title review
- Document notarization and insurance verification
- Audit compliance
- Customer relationship management
- Effective communication
- Time management
Timeline
Collateral Specialist
First National Bank and Trust Company
2019.08 - Current
Loan Processing Specialist
Gateway Community Bank
2007.02 - 2019.07
Closing Coordinator
Metropolitan Title Agency
2002.02 - 2006.05