NOW HIRING! SBA Loan Closer for a top banking / mortgage institution located in Warwick, RI
Hours: 8am to 5pm, Monday through Friday
Pay Rate: $21.15 per hour
- SBA loan closer
- Need Financial Banking background
- Need to be very flexible to do different positions. Commercial Loan Operations.
- Responsible for preparing and reviewing documents for all loan types including mortgages, credit cards, and loans collateralized by securities.
- Bachelors Degree or equivalent work experience.
- 2-4 years credit card, mortgage, and security loan processing experience.
Skills and Competencies:
- Working knowledge of mortgage loan documentation.
- Knowledge of lending compliance regulations (Reg. Z, RESPA, Truth in Lending, Reg. B, HMDA).
- Knowledge of business desktop applications (i.e.: Microsoft Word, Excel, PowerPoint, Access & Project, Windows, Visio, etc.).
- Knowledge of compliance in a banking environment.
- 7 Working knowledge of loan and revolving credit terms.
- Working knowledge of loan and revolving credit documentation.
Major Job Duties and Responsibilities:
- Document preparation for loans. Update rate changes on various loan systems. Create new loan checklists.
- Account maintenance on various systems. Vehicle title tracking. Maintain insurance tracking reports.
- Prepare monthly and quarterly billing. Board new loans on various loan systems. Interface with portfolio managers and custody agents. Quality control of loan documentation.
- Communicate with applicants, clients, staff and third parties (attorney, closing agents, vendors) to answer questions and resolve issues. Create mortgage loan documentation on Laser Pro.
- Prepare daily control agreement and watch list reports. Prepare and monitor daily collateral analysis reports.
- Daily loan transaction reconciliation. Prepare People Soft journals. Research GL outages. Recovery payment tracking. Process non-post items.