What are the responsibilities and job description for the Loan Operations - Post Closing position at Oakworth Capital Bank?
Job Details
Job Location
Central Alabama - Birmingham, AL
Position Type
Full Time
Education Level
2 Year Degree Preferred
Travel Percentage
None
Job Shift
Day
Job Category
Operations
Description
Oakworth Capital Bank is expanding and has an excellent opportunity for someone to join our team in Birmingham, AL! We are looking for a fulltime role for Loan Coordinator, Post Closing that will play a vital role in supporting our current & future clients. An ideal candidate would meet the qualifications listed below, and more importantly, be able to demonstrate that they live by Oakworth Core Values (Golden Rule, Character, Innovative Spirit, Professionalism, Work Ethic).
Responsibilities And Duties
This role is directly responsible for the pre-closing due diligence and gathering of supporting documentation for disclosure requirements, new loan requests, or modification of existing loans. Daily administration of all loans and related bank accounts. Acts as primary support for all loan related tasks for the bank’s entire loan portfolio according to regulatory compliance, state law, and bank policy to mitigate risk, perfect liens, and ensure complete and proper documentation is in place.
Key Roles/Responsibilities
Job Location
Central Alabama - Birmingham, AL
Position Type
Full Time
Education Level
2 Year Degree Preferred
Travel Percentage
None
Job Shift
Day
Job Category
Operations
Description
Oakworth Capital Bank is expanding and has an excellent opportunity for someone to join our team in Birmingham, AL! We are looking for a fulltime role for Loan Coordinator, Post Closing that will play a vital role in supporting our current & future clients. An ideal candidate would meet the qualifications listed below, and more importantly, be able to demonstrate that they live by Oakworth Core Values (Golden Rule, Character, Innovative Spirit, Professionalism, Work Ethic).
Responsibilities And Duties
This role is directly responsible for the pre-closing due diligence and gathering of supporting documentation for disclosure requirements, new loan requests, or modification of existing loans. Daily administration of all loans and related bank accounts. Acts as primary support for all loan related tasks for the bank’s entire loan portfolio according to regulatory compliance, state law, and bank policy to mitigate risk, perfect liens, and ensure complete and proper documentation is in place.
Key Roles/Responsibilities
- Complete funding for closed loans and renewals, amendments, and modifications in Horizon. Manage disbursements detailed in the loan transaction, collection and allocation of interest and fees. Payment of invoices related to loan transaction.
- Ensure lien perfection by completing all necessary recordings and acknowledgements. Follow the loan process to ensure safety & soundness through proper lien perfection & documented transactions.
- Conduct post-closing reviews of all documents to ensure closed documents, loan approval, and Horizon are compliant and in accordance with the approved loan to ensure safety & soundness.
- Provide loan support for the bank, collaborating with Client Advisors on upcoming transactions, and setting client expectations.
- Continuously seek opportunities to improve efficiency and streamline processes, with a focus on reducing duplicated efforts.
- Fund all loans post-closing; funding/disbursements; complete the loan on the mainframe to include interest rate settings, payment/billing set up, collateral, etc.
- Perfect all liens on collateral and pays closing costs as required on each transaction.
- Daily routine could include recon and general ledger balances and/or transactions; daily report review; mail; SWAP Payments; issue resolution; unposted item review; and other such duties as may be assigned.
- Support the lending staff in all loan related questions and/or issues.
- Associate’s degree or three to five years of related experience or training; or equivalent combination of education and experience
- Attention to detail
- Successful experience working in various banking systems such as Horizon, FLO (Fidelity Loan Origination), FCM/ImageCentre, as well as a CRM (Client Relationship Management) system is highly preferred
- Proficiency in Microsoft Office suite is required.