Commercial Post Closing Review Release Specialist I

Posted Yesterday
Be an Early Applicant
3 Locations
In-Office
22-26 Hourly
Junior
Fintech • Payments • Financial Services
The Role
Prepares and executes commercial loan lien releases, researches collateral documentation, obtains required information, processes recorded satisfaction documents, updates core systems, and resolves release-related exceptions. The role supports audits, follows financial institution regulations and policies, communicates with borrowers and internal parties, and assists with special projects.
Summary Generated by Built In

Position Summary

The Commercial Loan Post Closing Review Release Specialist I is part of the Post Closing Team in the Commercial Bank Service Support Department. This position is primarily responsible for preparing and executing release documents. This position assists with collateral document research for audits, both internal and external

Duties & Responsibilities
  • Responsible for completing collateral lien releases on Commercial loans for the Commercial Lending Division
  • Make necessary calls/ emails to obtain information needed to release the Bank’s lien or assignment
  • Ability to research and utilize multiple bank external programs to obtain needed information for release required
  • Receives recorded satisfaction documents and mails to appropriate borrowers, as required by state law
  • Verify all pertinent information is scanned to core system of record
  • Remove and update any exception items associated with releases or paid loans for covenant tracking
  • Comply with all federal, state, and local regulatory rules and regulations governing financial institutions, as well as company policies and procedures
  • Assists in special projects and other duties as assigned

Education & Experience

Knowledge of:

  • Various lending regulations
  • Strong organizational skills
  • Strong oral and written communication skills

Ability to:

  • Multi-task and work independently
  • Analyze and solve problems for which there are not precedents
  • Perform duties and make decisions under frequent time pressures

Education and Training:

  • Requires High School diploma; continuing education preferred.
  • Minimum 1-2 years experience in commercial collateral/liens or documentation preferred. 
  • Requires knowledge of Microsoft Office – Word, Excel, and Adobe.  Other bank proprietary systems helpful.

Compensation and Benefits 

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. 

  

(Base Pay Range: $22.00-$26.00/hour) 

  

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.  

  

Equal Opportunity  

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering extraordinary excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment. 

  

Unsolicited Resumes 

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails. 

Skills Required

  • High school diploma
  • Knowledge of various lending regulations
  • Strong organizational skills
  • Strong oral and written communication skills
  • Ability to multitask and work independently
  • Ability to analyze and solve problems without established precedents
  • Ability to perform duties and make decisions under frequent time pressures
  • Minimum 1-2 years of experience in commercial collateral, liens, or documentation
  • Continuing education
  • Proficiency with Microsoft Word, Excel, and Adobe
  • Experience with bank proprietary systems

Busey Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Busey and has not been reviewed or approved by Busey.

  • Retirement Support — Retirement programs include a 401(k) with company match alongside a profit‑sharing plan, creating multiple employer‑supported savings channels. This structure strengthens long‑term financial security beyond base pay.
  • Equity Value & Accessibility — An Employee Stock Purchase Plan is available, adding an ownership pathway that complements traditional retirement benefits.
  • Leave & Time Off Breadth — Paid time off, paid holidays, paid parental leave, and volunteer time off are included, supporting time away for family and community. Flexible scheduling features in some materials further support practical use of time off.

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The Company
HQ: Champaign, IL
1,337 Employees
Year Founded: 1868

What We Do

As of September 30, 2023, First Busey Corporation (Nasdaq: BUSE) was a $12.26 billion financial holding company headquartered in Champaign, Illinois. Busey Bank, a wholly-owned bank subsidiary of First Busey Corporation, had total assets of $12.23 billion as of September 30, 2023, and is headquartered in Champaign, Illinois. Busey Bank currently has 46 banking centers serving Illinois, eight banking centers serving Missouri, three banking centers serving southwest Florida, and one banking center in Indianapolis, Indiana. Through Busey’s Wealth Management division, the Company provides asset management, investment, and fiduciary services to individuals, businesses, and foundations. Assets under care totaled $11.55 billion as of September 30, 2023. Busey Bank’s wholly-owned subsidiary, FirsTech, specializes in the evolving financial technology needs of small and medium-sized businesses, highly regulated enterprise industries, and financial institutions. FirsTech provides comprehensive and innovative payment technology solutions including online, mobile, and voice-recognition bill payments; money and data movement; merchant services; direct debit services; lockbox remittance processing for payments made by mail; and walk-in payments at retail agents. More information about FirsTech can be found at firstechpayments.com. Busey Bank is honored to be named among America’s Best Banks by Forbes magazine for the second consecutive year. Ranked 26th overall in 2023, compared to 52nd in last year's rankings. Busey was named among DiversityInc’s Top Regional Companies. The DiversityInc Top 50 survey is the external validator for large U.S. employers that model fairness in their talent strategy, workplace and supplier diversity practices, and philanthropic engagement. We are honored to be consistently recognized nationally and locally for our engaged culture of integrity and commitment to community development. For more information about us, visit busey.com.

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