What are the responsibilities and job description for the Loan Documentation Specialist position at Valor Bank?
Loan Documentation & Loan Compliance Assistant
Reports to: SVP - Compliance
Job summary:
This position plays a critical role in managing the comprehensive, in-depth review of loan files during the either the pre-funding and/or post-closing stages. This role involves ensuring the accuracy, completeness, and compliance of all documentation including exception tracking, collateral verification, UCC filings and insurance verification. This position handles functions that have a regulatory, monetary, and potential reputational risk impact. Functions are time sensitive and must be adhered to by means of policy and procedure.
Primary Duties/Responsibilities:
o Works directly with portfolio managers, compliance officer, and loan administrative team to ensure compliance, accuracy, and consistency with the production team’s loan files.
o Review consumer real estate early disclosures.
o Pre Fund and/or Post Closing Reviews
o All applicable regulations for commercial and consumer purpose loans
o Valor Bank loan policy and procedures for commercial and consumer purpose loans
o All loan in process for proper authority and legal documentation
o Collateral perfection requirements
o Identify and note technical exceptions and loan covenants
Additional duties/Responsibilities:
o Maintains a thorough understanding of all policies, procedures, and regulations pertaining to the Commercial Loan Department.
o Work closely with compliance officer to assist with regulatory compliance monitoring that could include, but not limited to, HMDA LAR data review and periodic compliance reviews.
o Collaborate with Compliance Officer to refine job related processes and procedures.
Education/Experience Requirements:
o High school diploma or equivalent and 2 years related experience or equivalent.
o Direct knowledge of lending regulations including, but not limited to: HMDA, FCRA, ECOA, Regulation X and Regulation Z.
o Direct experience and knowledge of loan documentation and loan compliance.
o Preferred: Laser Pro, CSI Nupoint
Qualification Requirements:
o Effective interpersonal relationships with management and team members.
o Ability to perform tasks quickly and accurately.
o Excellent organizational and time management skills.
o Detail Oriented
o Critical Thinking Skills
o Must have ability to recognize and act on changing priorities
o Proficient computer skills, including the Microsoft Office tools, and the ability to utilize the Bank's current software.
Physical Requirements:
o May require long periods of typing and repetitive motion.