What are the responsibilities and job description for the Loan Document Review Specialist position at First Western Bank?
The Loan Document Review Specialist is responsible for reviewing, analyzing, and validating loan documentation to ensure accuracy, completeness, and compliance with company policies and regulatory requirements. This role plays a critical part in minimizing risk, supporting loan processing efficiency, and ensuring high-quality loan file integrity.
The responsibilities of this role include, but are not limited to:
- Reviewing loan documents for accuracy, completeness, and compliance with internal policies and regulatory standards
- Verifying borrower information, loan terms, and supporting documentation
- Identifying discrepancies, missing documentation, or potential risk factors and escalate as needed
- Collaborating with loan officers and loan assistants to resolve documentation issues
- Maintaining detailed records of findings and communicating required corrections clearly and efficiently
- Performing quality control audits on closed loan files to ensure compliance with company and regulatory standards
- Staying current with industry regulations, compliance requirements, and lending guidelines
- Meeting productivity and accuracy benchmarks while managing multiple files simultaneously
Two years of experience in mortgage, lending, loan processing, underwriting support, or document review with a strong understanding of loan documentation, including income verification, credit reports, and closing disclosures, as well as a familiarity with regulatory requirements such as TRID, RESPA, and TILA, is preferred. Excellent attention to detail, strong analytical skills, the ability to identify discrepancies and resolve issues efficiently is required.
First Western is a local community bank that has been serving Western Arkansas since 1910 and Northwest Arkansas since 1991. We specialize in customer service and serving our communities. We are a full-service financial company offering traditional banking, mortgage, insurance, and investment services. We offer competitive salaries and benefit packages based on qualifications and experience.
Applicants must pass a criminal background and consumer credit check as well as drug screening. EOE