Description
Job Summary:
Under general supervision, uses knowledge and skills obtained through training and experience to process commercial and/or retail loans and prepare closing documents. Follows established procedures to perform a variety of tasks requiring some evaluation, originality or ingenuity in making decisions. Recommends solutions to moderately complex problems and refers more complex issues to a higher level. Regular contact with internal and external customers is required to obtain, clarify, or provide facts and information and/or identify, research, and resolve problems.
Essential Duties and Responsibilities:
- Obtains required documentation and processes more complex loan applications.
- Orders credit verifications and third party services.
- Tracks receipt of and reviews post closing legal documents.
- Follows up on missing documentation.
- Verifies loan applications and supporting documents for accuracy and completeness.
- Prepares and compiles documents for loan closing.
- Prepares or reviews for accuracy, Good Faith Estimates of Closing Costs, Regulation Z disclosures, and other disclosures required by consumer regulation.
- Performs initial credit analysis submission via automated underwriting, as requested.
- Schedules, coordinates loan closings, and clears for disbursement of loan proceeds.
- Prepares compliance and accounting records and reports, as required by management and regulatory agencies.
- Performs routine loan calculations.
- Assists customers with moderately complex inquires or problems.
- Performs pre-closing, post-closing, or whole loan due diligence review of legal agreements and other closing documents to terms of loan commitment.
- Maintains currency in loan processing policies and procedures.
- Performs other duties and responsibilities as assigned.
Qualifications
Knowledge, Skills, and Abilities:
Knowledge of:
- Intermediate level concepts, practices and procedures of commercial and retail loan processing and documentation.
- Basic principles of banking and finance.
- Financial markets and products.
- Fannie Mae and Freddie Mac Underwriting guidelines
- Multi-state real estate, closing, and title practices.
- Federal and State lending laws.
- Loan origination software packages.
Skill in:
- Processing more complex loan applications.
- Verifying loan applications and supporting documents.
- Preparing loan closing packages.
- Preparing records and reports.
- Performing routine loan calculations.
- Operating standard office equipment and using required software applications.
- Reviewing and interpreting commercial loan documentation and terms.
- Reviewing and interpreting residential and consumer documentation and terms.
- Reviewing and personal financial statements and supporting documents.
Ability to:
- Read, interpret, analyze and apply information from loan application documents
- Interpret and apply policies.
- Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.
- Communicate effectively, both orally and in writing.
- Work independently as well as collaboratively within a team environment.
- Handle stressful situations and provide a high level of customer service in a calm and professional manner.
- Establish and maintain effective working relationships.
- Maintain currency in loan processing policies and procedures.
Educational/Previous Experience Requirements:
- High School diploma and one (1) year of loan processing experience.
~or~
- An equivalent combination of education, training or experience.
Licenses/Certifications:
- None required.
- Raymond James Bank is an EOE/AA and VEVRAA Federal Contractor
- Priority will be given to protected veterans
- EOE/AA: Female/Minorities/Disabled/Protected Veterans/LGBT
