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FNBO · 2 days ago

Lead Specialist, Loan Operations

Home, SD

Full-time

Hybrid

Senior Level

$40K/yr - $64K/yr

FNBO is committed to the success of its employees and is seeking a Lead Specialist in Loan Operations. This role involves collecting and preparing documents for closing loans, coordinating the loan process, and ensuring compliance with bank policies and regulations.

AccountingBankingFinanceFinancial ServicesMortgage

No H1B

Responsibilities

Document Coordination: Determine the appropriate documentation and coordinate the preparation of LaserPro loan documents or between attorneys and the lending staff

Review and analyze credit transactions to determine the appropriate documentation to utilize for each loan. Communicate any questions and issues to the lender and management if appropriate

Utilize legal counsel when appropriate and in conjunction with lenders and lending management. Review attorney prepared loan documentation to ensure that the documentation has been prepared in accordance with approved deal and that all applicable compliance issues have been addressed

Analyze collateral requirements and ensure that the necessary documentation prepared and in place to evidence the debt and perfect the bank’s security interest

Review loan agreements to ensure that they are consistent with financial monitoring requirements and loan covenants as approved by loan committee

Review participation certificates to ensure they are consistent with the loan memo/deal as approved and appropriately escalate any discrepancies to the lender FN Operations management as necessary

Post-Closing Documentation Review and Communication: Review loan transactions after closing to identify any documentation deficiencies or compliance issues. Communicate issues to lenders, lending unit management and department management. Submit completed files to FNTO Loan Servicing for booking

Review transactions for any purchased participations to ensure that all required financials and documents have been received and that the appropriate ticklers are established

Review attorney prepared loan documentation to ensure that the documentation has been properly executed and that all applicable compliance issues have been addressed

Communicate file review findings and issues to lenders, lending team management and FNBO management as appropriate

Route all applicable documents to imaging system

Collateral Management: Follow up to ensure that all security interests in collateral have been perfected and ticklers have been established correctly. Follow up on all collateral and lien perfection documentation such as real estate title polices and UCC filings to ensure that they are appropriately recorded or filed and received in a timely manner

Review due diligence and doc checklist to ensure that all appropriate collateral documentation has been received and establish the proper ticklers to track any ongoing needs or noted file deficiencies

Exception Processing: Assist lending staff with the correction of exceptions and deficiencies. Participate in regularly scheduled, monthly TBR meetings with lenders, analysts, and appropriate management

Assist in researching Loan Review documentation exceptions and establishing the proper ticklers to note and track file deficiencies

Assist lenders and lending team management in the correction of outstanding exceptions

Communicate any significant issues to FNO management

Compliance: Understand and comply with bank policy, laws, regulations, and the bank’s BSA/AML Program, as applicable to your job. Complete compliance training and adhere to internal procedures and controls, as required

Report any known violations of compliance policy, laws or regulations

Report any suspicious customer and/or account activity

Review pending loan transactions to determine what regulations are applicable, and follow-up to ensure compliance. Diligence is required in relation to FDPA, FIRREA, Reg B and US Patriot Act

Identify any legal, policy or regulatory issues and communicate such to lenders, lending team management and FNO management as appropriate

Professionalism/Attendance: Exhibit professional behavior and promote positive working relationships. Maintain regular and predictable attendance in alignment with departmental/divisional policy

Qualification

Loan Documentation ReviewCompliance KnowledgeMortgage Loan ServicingTime ManagementCommunication SkillsCustomer ServiceProactive Thinking10-Key SkillsKeyboarding SkillsBookkeeping KnowledgeMicrosoft Suite Proficiency

Required

Excellent verbal and written communication is a must, including the ability to honor differing opinions and treat others with dignity and respect at all times

Excellent time management skills including but not limited to the ability to organize, prioritize, and manage multiple projects with minimal supervision within assigned deadlines

Ability to define problems, establish facts, draw valid conclusions and anticipate what needs to be done to accomplish resolutions

Knowledge of bookkeeping and balancing concepts with an understanding of the proper use of debits and credits

Must be proficient in the use of personal computers and the Microsoft suite of software products

Demonstrated proactive thinking in a production/operational department

Excellent 10-key skills and keyboarding skills

Customer service

Mortgage Loan Servicing

Candidates must possess unrestricted work authorization and not require future sponsorship