What are the responsibilities and job description for the Loan Post Close Specialist I position at First Interstate Bank?
This position can be located at our Great West Center in Billings, MT and Sioux Falls, SD Downtown branch.
What's Important to You
We know your career is just one aspect of a meaningful, complex, and demanding life. That's why we designed our compensation and benefits package to provide employees and their families with as much choice as possible.
- Generous Paid Time Off (PTO) in addition to paid federal holidays.
- Child Care Assistance Program for eligible dependent(s).
- Exercise reimbursement program for employees.
- The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serve and why we want YOU to be a part of it.
We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate.
SUMMARY
The Loan Post Close Specialist I is responsible for the post-closing review of Consumer, Commercial, and Specialty loans to ensure all documents and perfection requirements have been met, and that the Bank's position and security interest has been satisfied following Bank policy and procedures. This position will review a wide variety of loan and line products from simple to complex transactions and meeting completeness, turn time, and accuracy requirements dictated by established service level agreements.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Validates image, scan quality, and completeness of the physical copies of original loan files and actively maintains file storage and organization.
Performs the post close review function, insuring that loan documents comply with collateral terms of the approval.
Works with the Loan Originators, Loan Closing Specialists, third parties, and customers to resolve loan document issues and to clear documentation exceptions within the appropriate time periods.
Inputs, updates, and monitors exceptions on the Bank's exception system for escrow taxes and insurance.
Perfects all types of collateral.
Reviews UCC filings and releases, recorded mortgages, vehicle titles, and flood and hazard insurance assignments processes.
Processes trailing documents, reviews, and clears exceptions as appropriate through the tickler process.
Process all paid notes, secured and unsecured, checking for any cross-collateralization.
Contacts internal and external sources in order to proactively clear existing exceptions with assistance.
Performs post-closing activities in a timely and accurate manner.
Reviews final title policies to ensure accuracy per established policy and procedure.
Works with Loan Review during audits regarding loan document questions, tickler monitoring, and exceptions.
Assists the Banking Center and Relationship Manager personnel with questions and information requirements.
QUALIFICATIONS
To 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.
KNOWLEDGE, SKILLS AND ABILITIES
Personal computer skills with demonstrated knowledge of Microsoft Excel, Word, and Outlook.
Self-starter and works with minimal direction.
Good verbal and written communication skills.
Possesses interpersonal skills and team orientation.
Ability to meet deadlines.
Ability to appropriately escalate issues requiring problem-solving and decision-making.
Ability to read, interpret, and apply policies and procedures related to loan servicing.
Ability to work with basic mathematical concepts.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Ability to compute rate and percent.
Ability to solve practical problems and deal with a variety of variables.
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Accepts shared ownership and accountability for results.
EDUCATION AND/OR EXPERIENCE
High School Diploma or General Education Degree (GED) required
Bachelor's Degree preferred
1-3 years experience in a financial institution to include collateral control and post-closing operational experience preferred
PHYSICAL DEMANDS AND WORKING ENVIRONMENT
The physical demands and work environment are representative of those that must be met or encountered to successfully perform the essential functions of the job. In compliance with the Americans with Disabilities Act, the company provides reasonable accommodation to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.
Dexterity of hands/fingers to operate computer keyboard and mouse - Frequently
Lifting - Occasionally (up to 10 lbs)
Sitting - Frequently
Overtime - Subject to business need
Noise Level - Moderate
Typical Work Hours - M-F (8-5)
Regular and Predictable Attendance - Required
Our company is an equal opportunity employer. Employment here is based solely upon an individual's merit and qualifications directly related to the position. We do not discriminate on the basis of race, color, religion, national origin, ancestry, pregnancy status, sex, age, marital status, disability, medical condition, or any other characteristics protected by law. We make all reasonable accommodations to meet the obligations set forth under the Americans with Disabilities Act (ADA) and state disability laws.
