Responsible for reviewing/monitoring policy development, legal compliance and procedural functions within the loan operations department.
Responsible for monitoring all Loan Operations policies and procedures to maintain compliance with the Bank’s Compliance Management System and banking regulations. This monitoring includes:
HMDA – Monthly
Flood – Monthly
CRA – Monthly
Pre-Loan Closing Documentation Review – Monthly
Official Check Audit – Monthly
TDR Monitoring – Monthly
Paid Loans - Monthly
Credit reports – Monthly
Holds on CD/Savings – Monthly
Adverse Action Notices – Monthly
2. Responsible for compliance duties such as:
Monitor annual compliance calendar
Work with VP/Loan Operations to ensure all deadlines are met for new and existing compliance regulations
Develop new policies, procedures and/or checklists when necessary.
Verify all specification changes to Laser Pro, Fiserv, etc., are completed accurately.
3. Work with Retail and/or Commercial Lenders as well as the Loan Operations team members to ensure all necessary information has been obtained to document both consumer and commercial loans:
Pre-Close Documentation Review: Review file information and Commercial and Consumer LaserPro and/or Attorney loan documents prior to loan closing to determine that all required information has been received and loan documents are accurate and in compliance with regulations and Bank policies. The Specialist is responsible for deciding whether all facets of a loan closing comply with regulations and Bank policies so that loan documents can be released for Client signature.
Post-Loan Closing Review: Review executed Commercial and Consumer LaserPro and/or Attorney prepared loan documents and loan boarding data to verify: completion of all required checklists; receipt of properly executed loan documents; submission of documents for recording; and accuracy of data to be entered on the loan system.
4. Responsible for loan operations policy/procedural duties such as:
Developing written policies and/or procedures as required, as well as updating current policies and/or procedures on an annual basis
Maintaining and updating the loan operations procedures manual
Other duties as assigned
Knowledge, Skills & Abilities
Ability to work under pressure and multi-task
Ability to interpret regulations and laws and disseminate information
Strong verbal and written communication skills
Strong knowledge of loan operation regulations
Detail oriented and organized
Training & Experience
High School diploma or GED
5 - 10 years banking
5 years in loan compliance desirable
Laser Pro experience
Fiserv application experience
College degree helpful
Internal Number: 2020 - 04
About First Bank of Highland Park
First Bank of Highland Park is a community bank committed to our Clients and the community at large. We have worked side-by-side with our Clients since 1955 combining practicality with creativity, while always remaining a consistent and steady financial partner in good and bad economies.
Our mission is to provide our Clients with exceptional service coupled with competitive rates and products without bureaucracy. We understand that banking today is more challenging than yesterday, but as a family business, we understand the advantage of being able to remain visionary and focused on the long term picture. Additionally, being independently owned and operated, allows us the authority and flexibility to make decisions quickly. That translates to exceptional service from experienced bankers and staff.
First Bank of Highland Park offers an exceptional benefits program and a highly competitive compensation package.
First Bank of Highland Park conducts credit and background checks on all candidates.
First Bank of Highland Park is an Equal Opportunity Employer: disability/veteran.
To Apply: Send email with attached resume to email@example.com.