SUMMARY: Reviews loan documentation for Capital Bank for completeness, accuracy, compliance and bank/investor policy adherence while meeting critical deadlines. Successfully meets daily loan closing goals. Updates loan status and tasks in Encompass System. Initiates loan disbursements.
The following statements are intended to describe the general nature and level of work performed; they are not intended to be an exhaustive or exclusive list of the required responsibilities, duties and skills; Management retains the discretion to add to or change the duties and requirements of this position at any time, with or without notice, as business needs dictate. ESSENTIAL DUTIES AND RESPONSIBILITIES:
1. Coordinates and schedules the closing of loans with Settlement Agent. Collaborates with internal partners to verify closing deadlines are not compromised and loan file is completed. 2. Reviews loan packet, title and insurance documentation to verify existence, completeness and accuracy. 3. Readies and electronically transmits the loan and closing instructions, to include itemization of fees, to settlement agency. Works closely with closing agent to finalize, review and approve the Closing Disclosure. 4. Disburses loan proceeds upon receipt of all required and approved documentation. 5. Prepares funding checks or wire instructions for loan closing. Completes MERS recording of loan. 6. Assists internal staff with resolving outstanding loan stipulations. 7. Completes, passes and maintains an up to date status for all positional and company required compliance and regulatory courses by assigned due date(s). 8. Participates in special projects and assignments and performs other duties as assigned. RequirementsTo 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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. QUALIFICATIONS: High School Diploma or GED and 2 years of residential lending operations experience or equivalent combination of education and experience. Demonstrated working experience in residential loan operations, knowledge of loan processing software applications and loan documentation/forms. Ability to read and listen, understand and communicate information and ideas in a clear and concise manner, both orally and in writing to customers and business partners. Ability to comprehend and perform basic accounting principles and math calculations. Must be able to effectively multi-task, handle numerous loan files at one time and meet regimented deadlines. Certifications and Licenses: None
SUPERVISORY RESPONSIBILITIES: None.
CONTROL RELATED RESPONSIBILITIES: Become knowledgeable regarding the department's internal controls as outlined in the policies and procedures and comply with all control requirements.
COMPLIANCE: Ability to comprehend and adhere to Federal and State banking regulations, including compliance with the Banks Bank Secrecy Act/Anti Money Laundering (BSA/AML) program. Follows all Company policies and procedures, and successfully participates in regulatory and Company training requirements via multiple and variable delivery methods.
COMMITMENT TO INSTITUTIONAL COMPLIANCE AND SOUNDNESS Displays commitment to ensuring compliance with regulatory regulations through: adhering to regulatory requirements monitoring and reporting BSA/AML risks completing assigned compliance training courses
SAFETY, SECURITY and CONFIDENTIALITY: This position requires keeping complete confidentiality of all customer transactions and information, and paying close attention to security within and around the bank's premises at all times.
The physical demands, travel and work environment described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. PHYSICAL DEMANDS: While performing the duties of this job, the employee is regularly required to use hands to finger, handle or feel; reach with hands and arms; and talk or hear. The employee frequently is required to sit. This position regularly uses a computer (keyboard/mouse/screen) and telephone. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.
WORK ENVIRONMENT: The work is performed in a normal office environment. The noise level in the work environment is usually low to moderate.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, gender stereo typing, and age. First Tennessee is an EO employer M/F/Vets/Disabled.
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