Senior Loan Operations Specialist
First Century Bank is looking for a full time Senior Loan Operations Specialist to join its team at its Commerce, GA location. This individual would contribute to all facets of the Bank’s Loan Operations Department, specifically, individuals will perform the following duties:
*Compiles and submits monthly a listing of loans that are pledged to the Federal Reserve Bank and forwards the original documents for any new loans pledged and requests back the original documents for any that have paid out, for First Century Bank. Annually completes and submits questionnaire requested from FRB for the Bank.
*Compiles and submits quarterly a listing of loans that are pledged to the Federal Home Loan Bank for First Century Bank, when applicable. Annually completes and submits questionnaire from FHLB for the Bank.
*Post all participation payments or advances to the system, wires funds or requests funds to/from the participating bank and makes all GL entries.
*Processes all tax deed payments
*Preparing loan origination documentation and loan renewal documentation in compliance with TRID.
*Maintains approved vendor listing for appraisers, attorneys and inspectors.
*Demonstrates product, loan documentation, and compliance knowledge and provides a high level of customer service and referral skills to meet both bank and customer needs.
*Follows checklist and verifies that all new loans have all necessary documents completed and in file. Sets up and maintains a system to follow up on any exceptions and maintaining reminder system until documentation and file is complete in accordance with Bank policy and procedure.
*Scans and files all the loan packages.
*Researches and appropriately handles any discrepancies with credit reports.
*Sends all legal documents for recording. Once recorded, ensures this recording is documented within the monitoring system.
*Pays recording fees, intangible tax, makes tickets to ensure appropriate documentation of all fees paid.
*Receives, distributes and maintains security of titles and all legal documents that are to be recorded in each county and state.
*Inputs all collateral insurance requirements and actions, and other documents required for loans in the loan maintenance (tickler) system.
*Compiles and submits monthly, loan policy/procedure exception report/by officer to the appropriate personnel.
*Assists lenders in obtaining all necessary collateral information needed for “new” loan requests and verifies all collateral documentation in file for renewal transactions.
*Process all loan denials which includes: (1) Verification of compliance guidelines for applications and Notice of Action Taken (2) Preparation and mailing Notice of Action Taken to customers within 30 days of the date of the application (3) Follow up for scanning of the document and delivery to compliance officer.
*Prepares all documents required to perfect the bank’s lien and position on all collateralized loans and prepares all other necessary documentation to complete the loan transaction.
*Prepare escrow analysis for the small number of active portfolio mortgage loans, and prepare the semi-annual GRMA remittance.
*May complete some or all of the following departmental duties: Opening, and processing payments; pull credit reports, filing, scanning, ordering flood certificates or appraisals, and other duties as appropriate.
*Suggests operational procedures that provide necessary protection of the Bank’s interest in various types of loan collateral.
*Can perform the payoff function and offer second person review, which includes the release of collateral and cancellation of documents.
*Gives support to company staff regarding loan policies and procedures.
*Produce monthly reports- Board reports: Unfunded loan report & LOTEX report
*Updates bucket loan balances and posts payment, monthly.
*Request reports, gather loan documents and files requested for review by auditors.
*Performs such other duties as may be assigned or which inherently or logically belong with the position.
Qualified candidates should possess a Bachelor’s Degree; and five or more years of related experience and/or training; or equivalent combination of education and experience. Must be flexible with the ability to adapt to change and competing priorities. Exceptional written and verbal communication experience is required. First Century Bank is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.