Financial Staffing LLC
Financial Staffing LLC provided pay range
This range is provided by Financial Staffing LLC. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $90,000.00/yr - $110,000.00/yr
Additional compensation types Annual Bonus
Duties include managing loan processing, preparation of loan documentation, lending files, collateral maintenance, records, reports and loan compliance. Interacts with lending officers, credit department employees and clients, resolves problems, manages staff and ensures efficient department operation. Individual should be knowledgeable in both commercial and consumer loans, complex real estate transactions as well as Small Business Administration (SBA) products and operational management.
DUTIES AND RESPONSIBILITIES
Manages and staffs loan operations.
Trains/coaches loan operations for efficiency and accuracy with loan documentation and/or process.
Manages the workflow of the department, streamlining processes and implementing procedures for efficiency, compliance and customer service.
Prepares and processes SBA loans sales; however, will be involved with a wide range of commercial loan types including, but not limited to, commercial real estate, multi-family, lines of credit, letters of credit, participations, SBA, 504 and USDA.
Reviews loan application for SBA loan sales eligibility, processes SBA fee and assists loan servicing with monitoring of SBA loans.
Provides advice and completes documentation for complex loan agreements and other loan types such as SBA or USDA loans.
Oversees and maintains loan document programs to ensure loan documents are accurate and in compliance with regulatory requirements.
Reviews commercial documentation requests to ensure Bank policy and procedures will be followed and ensures proper approval is in hand prior to documenting loan.
Obtains all insurance as appropriate, inclusive of flood determination and insurance when required.
Quality Assurance of all loans uploaded. This includes reviewing loans for legal completeness, including proper documentation and proper filing with the various credit recording agencies including UCC filings, Mortgage filings, insurance filings, etc., as well as balance, rate, term and loan participations.
Prepares and maintains commercial loan credit and collateral files online and hard copy according to specific loan requirements and bank policy.
Maintains current working knowledge of lending compliance regulations, and legal lending requirements.
Adheres to all Bank and compliance policies and procedures.
Maintains procedures either independently or under direction of management.
Works closely with all parties to resolve any issues and ensure a successful loan closing including engagement of bank counsel when necessary.
Performs necessary internal audits of process such as life insurance policies – collateral.
Prepares monthly loan reports for lenders and management.
Problem Resolution – Assists lenders in resolving issues related to loan documentation.
Identifies and recommends new methods and procedures or revisions to existing procedures which will streamline processes or resolve problems and ensure customer satisfaction.
System Updates. This includes preparing and updating all procedures related to loans and updating the computer system for changes in procedures.
Prepares and/or maintains items necessary for both internal and external audits.
Completes special projects assigned by Management.
Participates in at least one CRA event yearly.
Performs other related duties as assigned by management.
SUPERVISORY RESPONSIBILITIES
Directly supervises 4 employees within the loan operations department.
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
QUALIFICATIONS
Bachelor's Degree (BA) from four-year college or university, or one to two years of related experience and/or training, or equivalent combination of education and experience.
Development Software
Human Resource Systems
Inventory Software
Microsoft Office Suite
Payroll Systems
Project Management Software
Seniority level Mid-Senior level
Employment type Full-time
Job function Finance and Management
Industries Banking and Financial Services
#J-18808-Ljbffr
Base pay range $90,000.00/yr - $110,000.00/yr
Additional compensation types Annual Bonus
Duties include managing loan processing, preparation of loan documentation, lending files, collateral maintenance, records, reports and loan compliance. Interacts with lending officers, credit department employees and clients, resolves problems, manages staff and ensures efficient department operation. Individual should be knowledgeable in both commercial and consumer loans, complex real estate transactions as well as Small Business Administration (SBA) products and operational management.
DUTIES AND RESPONSIBILITIES
Manages and staffs loan operations.
Trains/coaches loan operations for efficiency and accuracy with loan documentation and/or process.
Manages the workflow of the department, streamlining processes and implementing procedures for efficiency, compliance and customer service.
Prepares and processes SBA loans sales; however, will be involved with a wide range of commercial loan types including, but not limited to, commercial real estate, multi-family, lines of credit, letters of credit, participations, SBA, 504 and USDA.
Reviews loan application for SBA loan sales eligibility, processes SBA fee and assists loan servicing with monitoring of SBA loans.
Provides advice and completes documentation for complex loan agreements and other loan types such as SBA or USDA loans.
Oversees and maintains loan document programs to ensure loan documents are accurate and in compliance with regulatory requirements.
Reviews commercial documentation requests to ensure Bank policy and procedures will be followed and ensures proper approval is in hand prior to documenting loan.
Obtains all insurance as appropriate, inclusive of flood determination and insurance when required.
Quality Assurance of all loans uploaded. This includes reviewing loans for legal completeness, including proper documentation and proper filing with the various credit recording agencies including UCC filings, Mortgage filings, insurance filings, etc., as well as balance, rate, term and loan participations.
Prepares and maintains commercial loan credit and collateral files online and hard copy according to specific loan requirements and bank policy.
Maintains current working knowledge of lending compliance regulations, and legal lending requirements.
Adheres to all Bank and compliance policies and procedures.
Maintains procedures either independently or under direction of management.
Works closely with all parties to resolve any issues and ensure a successful loan closing including engagement of bank counsel when necessary.
Performs necessary internal audits of process such as life insurance policies – collateral.
Prepares monthly loan reports for lenders and management.
Problem Resolution – Assists lenders in resolving issues related to loan documentation.
Identifies and recommends new methods and procedures or revisions to existing procedures which will streamline processes or resolve problems and ensure customer satisfaction.
System Updates. This includes preparing and updating all procedures related to loans and updating the computer system for changes in procedures.
Prepares and/or maintains items necessary for both internal and external audits.
Completes special projects assigned by Management.
Participates in at least one CRA event yearly.
Performs other related duties as assigned by management.
SUPERVISORY RESPONSIBILITIES
Directly supervises 4 employees within the loan operations department.
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
QUALIFICATIONS
Bachelor's Degree (BA) from four-year college or university, or one to two years of related experience and/or training, or equivalent combination of education and experience.
Development Software
Human Resource Systems
Inventory Software
Microsoft Office Suite
Payroll Systems
Project Management Software
Seniority level Mid-Senior level
Employment type Full-time
Job function Finance and Management
Industries Banking and Financial Services
#J-18808-Ljbffr