Loan Operations Data Integrity Specialist
Insight Global
Job Description
A large bank is looking for a Loan Operations Data Integrity Specialist to join their team.
Responsibilities include:
Review each loan approval for appropriate lending authority based on loan type, exposure limit, etc. to ensure approvals are in compliance with Bank's Lending authority requirements as outlined in the Credit Policy Manual.
Review loan packages for compliance with regulatory requirements i.e. Flood, HMDA, CRA, REG B, etc.
Review lender supplied loan forms; i.e. TDR Assessment, LTV Calculator, Loan Exceptions, CIP, etc. for accuracy, consistency and compliance with procedures and directives published by Credit Risk Management. Work with lender to resolve any issues found; report any discrepancies to supervising manager as appropriate.
For New loans: Read loan documents, approved loan offering and commitment letter (if applicable), and prepare booking sheets for processing clerks to utilize for Miser input. Select appropriate loan account type and Miser codes required to accurately input borrower information, loan terms, billing parameters, collateral information, escrow impound, deferred fees , deferred expenses, prepayment penalties, scheduled rate and payment changes, CALL Report codes, ticklers for exception tracking, etc. based on loan terms, bank policy, procedures and regulatory requirements.
For Line renewals and modifications: Prepare coding sheets based on new loan terms approved on loan offering and/ or commitment letter and new/ modified loan documents. Earn out any existing fees, reset prepayment penalties etc., as applicable.
Resolve any discrepancies in borrower name, address, tax id, etc. with lender, documentation department, branch system and / or CIF Department as needed.
Distribute prepared loan booking sheets to Note Tellers for processing. Audit output review to identify and resolve any keying errors. Update error tracking spreadsheets for Sr. Mgmt as needed.
Distribute files and insert documents to scanning, post closing or record retention for processing as appropriate.
We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment regardless of their race, color, ethnicity, religion, sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military or uniformed service member status, or any other status or characteristic protected by applicable laws, regulations, and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please send a request to HR@insightglobal.com .
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Skills and Requirements
- 4 years experience in commercial loan operations.
- Bachelor's degree or Paralegal certificate preferred.
- Must be detail oriented and have ability to read and understand complex loan documents to accurately choose the correct loan codes, determine approvals, etc. (Credit Policy Manual).
Must be local and willing to commute 3 days to one of the following locations:
180 Fountain Parkway N, Clearwater, FL
1720 Route 23 Wayne, NJ null
We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal employment opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment without regard to race, color, ethnicity, religion,sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military oruniformed service member status, or any other status or characteristic protected by applicable laws, regulations, andordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to HR@insightglobal.com.
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