What are the responsibilities and job description for the Consumer Lending Specialist position at Simmons Bank?
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Job Description
Consumer Lending Specialist
Position Summary
The Consumer Lending Specialist prepares and processes regulatory disclosures and documentation for consumer real estate loan transactions to ensure they are closed in conformance with all regulatory and bank guidelines.
Essential Duties And Responsibilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Computer Skills
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Activities, duties and responsibilities may change at any time with or without notice.
Skills Training
We're committed to bringing passion and customer focus to the business.
Job Description
Consumer Lending Specialist
Position Summary
The Consumer Lending Specialist prepares and processes regulatory disclosures and documentation for consumer real estate loan transactions to ensure they are closed in conformance with all regulatory and bank guidelines.
Essential Duties And Responsibilities
- Responsible for preparing TRID Loan Estimate and other Early Disclosures for consumer real estate loans
- Responsible for ordering all necessary due diligence required for all consumer real estate loan products
- Responsible for reviewing and understanding all necessary due diligence required for all consumer real estate loan products.
- Responsible for coordinating with lender, underwriter, and for preparing Closing Disclosure and other required loan documents for consumer real estate secured loan closings.
- Check appropriate data programs for accuracy and completeness of information
- Coordinate with outside vendors, attorneys, title agencies, insurance agents and others to obtain required information and documentation in accordance with loan policy and federal regulations.
- Ensures all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.
- Respond to loan originator and underwriter questions, recognizing issues that require escalation to management
- Performs other duties and responsibilities as assigned.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
- Skills
- Ability to read and comprehend simple instructions, short correspondence and memoranda.
- Ability to read, analyze and interpret financial reports and/or legal documents.
- Ability to write routine reports and business correspondence.
- Ability to respond in writing to customer complaints, regulatory agencies or members of the business community.
- Ability to work quickly and efficiently to ensure loans are processed within the required timeframe.
- High school diploma or its equivalent is required, and
- Two to four years of work-related experience, on-the-job training, and/or vocational training.
- MS Office programs
- Jack Henry Platform
- Certificates, Licenses, Registrations
- Other Qualifications (including physical requirements)
- Knowledge of the requirements and features of loan products offered by the bank.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Activities, duties and responsibilities may change at any time with or without notice.
Skills Training
- Communication, Time Management, Customer Service, Critical Thinking, Problem Solving