Bank of China USA · 13 hours ago
Queens Branch-Business Development Department / Residential Loan Associate
Queens, NY
Full-time
Onsite
Entry, Mid Level
$42K/yr - $90K/yr
2+ years expBank of China USA is one of the largest banks in the world, and they are seeking a Residential Loan Associate to provide loan business and prepare loan analysis. The role involves originating and underwriting residential mortgage loans, maintaining customer relationships, and ensuring compliance with bank policies and procedures.
Banking
Responsibilities
Originate and underwrite residential mortgage loans and maintain relationship with customers
Meet business objectives in the loan operation set by the department head and Branch Manager
Assist customer service representatives to originate new residential loan, Refinance and Modification Program
Handle loan business according to all bank policies and procedures, KYC Due Diligence requirements
Monitoring KRI and reporting criticized loan if applicable
Update Residential Mortgage Lending Procedure as needed
Work on CFPB Consumer Metrics impacted by COVID-19 on monthly basis
Work on Compliance and Regulatory reports as needed to LCD periodically
Consumer Compliance Risk Assessment
Work and coordinate with BSA on Monthly Compliance Reporting
Inform customers of regulatory compliance requirement
Coordinate with external and internal examination to ensure business safety and soundness
Communicate with OSD and follow up with customers on tax, insurance, annual escrow disclosure statement, year-end escrow statement, escrow account or other post lending questions or issues due to Work from Home impacted by COVID-19
Report necessary documents or reports to Head Office
Work with ORD and QCU on third party vendor review and attend ORC meeting
Work with vendors of Ellie Mae and Equifax to meet Bank’s operational risk requirement
Participate in loan business activities to ensure the loan operation is safety and soundness
Help to answer and resolve customer complaints and inquires
Seek unusual and irregular activities and, if any, reports to supervisor, BSA Officer and Branch Manager
Assist to complete distribution of all consumer lending disclosures, review completeness of loan application, arrange appraiser to appraise the value of properties and order credit report, review of appraisal report and credit report, prepare Credit Recommendation Report and commitment letter after loan approval
Arrangement of closing and the preparation of closing documents
Scan loan documentation to Laserfiche
Attend necessary business related trainings
Strictly comply with the BOC Global customer service standard & BOCNY performance evaluation
Qualification
Required
Bachelor's degree required; major in Accounting, Finance, Economics or equivalent fields preferred
Minimum 2 years of Residential lending experience required
NMLS Certification is required
Demonstrate knowledge in Credit Underwriting, Personal loan process, and Consumer compliance
Bilingual ability in English and Mandarin required
Company
Bank of China USA
Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 60 countries and regions.
501-1000 employees
H1B Sponsorship
Bank of China USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (57)
2024 (46)
2023 (52)
2022 (67)
2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
Company data provided by crunchbase