Loan Operations Specialist Ii

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Loan Operations Specialist II
Duties: Ensures the accurate documentation, closing, booking, servicing and imaging for various loan types originated by the Bank. May also be assigned special projects and/or called upon to perform a degree of management responsibilities in the absence of the manager. Ensures that loans and renewals are closed in compliance with the Bank’s loan policy and in compliance with any other requirements designated by the credit approval authority. Supports loan officers by communicating with customers, attorneys, appraisers, insurance agents, etc. to coordinate the details of loan closings. Collaborates with the designated lending officers to ensure their portfolios are free of delinquencies at each month end and continuously monitors assigned accounts to ensure that any information (i.e. insurance, taxes, appraisals) required under the loan documents is current. Accurately generates loan documents in an efficient manner. Independently and accurately creates documentation to close small commercial loans, simple real estate loans and all consumer loans without the assistance of counsel. Accurately handles the recordation and re-inscription of the Bank’s liens for loans to provide continual perfection of the Bank’s collateral. Drafts preliminary waivers of loan agreements, amendments to loan agreements, and other various agreements, as requested by Lenders. Reviews title commitments and surveys to ensure that the commitment is satisfactory and does not contain any exceptions that are unacceptable to the Bank. Provides for the safekeeping, maintenance and warehousing of original promissory notes and collateral. Tracks outstanding documentation exceptions and critical dates. Coordinates the disbursement of funds for the various types of loan closings and performs post-closing document reviews, and the booking of these loans. Controls the coding and setup of all loans on the loan system(s). Ensures timely generation escrow payments and fulfill other servicing requirements for the conventional mortgage portfolio. Assists in the management of the Bank’s accounting and reconcilement processes for Loan Operations. Ensures that own work is in compliance with all applicable laws, regulations, policies and guidelines. Identifying and clearing all collateral exceptions within appropriate time periods. Reviewing loan documents drafted by outside counsel, for all loans, to ensure that the documents comply with the requirements of the appropriate credit approval authority. Reviewing files for all loans and identify any existing collateral defects. All other duties as assigned.

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