What are the responsibilities and job description for the Commercial Lending Quality Control Analyst position at Comerica Bank?
Commercial Lending QC Analyst
The Commercial Lending QC Analyst is responsible for reviewing complex loan documentation to validate and update loan data to ensure each commercial loan comply with federal and state regulations as well as lender's procedures. This includes researching RECAPS and supporting loan documentation of various complexity to determine the compliance coding for reporting. The Analyst is also responsible for reviewing loan servicing transactions and collateral records for accuracy.
Position Responsibilities
Quality Review
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours
8:00am - 5:00pm Monday - Friday
Salary
To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
The Commercial Lending QC Analyst is responsible for reviewing complex loan documentation to validate and update loan data to ensure each commercial loan comply with federal and state regulations as well as lender's procedures. This includes researching RECAPS and supporting loan documentation of various complexity to determine the compliance coding for reporting. The Analyst is also responsible for reviewing loan servicing transactions and collateral records for accuracy.
Position Responsibilities
Quality Review
- Proactively manage production queues to ensure alignment with the requested action, LBS, credit approval and loan documentation.
- Review Ad hoc reports and complete research on loan data.
- Validate the accuracy of booking and servicing transactions.
- Responds to inquiries in a timely, courteous, and informative manner.
- Reviews and updates commercial loan data while meeting production standards with a high degree of accuracy.
- Handle mutiple loan products while utilizing multiple systems to view and research documents to determine correct loan data to book.
- Perform monthly self-test and provide findings to internal risk teams. Identify and document deficiencies in reports and/or systems.
- Collaborate with other LTS team members to identify and communicate gaps in the process, policies, and procedures.
- Document Findings/exceptions, root cause of errors within assigned database.
- Complete all checklist, job aids, to ensure correct exception reporting.
- Other duties as assigned.
- Some College courses in Accounting, Finance, Business Admin
- 3 years of experience with Financial services or lending operations
- 2 years of experience in Banking, Accounts Payable/Receivables
- 1 year of experience in Closing and/or Servicing
- 1 year of experience with bank regulations and compliance
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours
8:00am - 5:00pm Monday - Friday
Salary
To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
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