What are the responsibilities and job description for the Loan Funding Specialist position at First National Bank?
BASIC FUNCTION:
This position is responsible for multiple duties to ensure timely and accurate funding and boarding of all commercial (including real estate) loans for First National Bank in adherence to bank policies and procedures and applicable lending regulations. This will include the efficient use of our technology systems to apply the proper funding procedures for all commercial loans. The successful candidate will be able to rely on their prior experience and judgement to plan and accomplish the following essential duties and responsibilities. All roles in the unit are cross trained to ensure the continuity of the department?s function. This position reports to the Loan Operations Supervisor.
The following duties are not intended to serve as a comprehensive list of all duties required in this position. This job description is intended to provide a representative summary of the major duties and responsibilities. This role may not be required to perform all duties listed and may be required to perform additional duties as requested.
DUTIES AND RESPONSIBILITIES AND ESSENTIALS FUNCTIONS:
- Scan, image and index loan documents.
- Read and interpret loan documents.
- Review initial and final HUDs received from title company for accuracy and completeness and issue final approval.
- Ensure all closing documentation is received and reviewed in a timely manner.
- Quality control review of all closing documentation to ensure accuracy, properly signed and notarized as required.
- Identify document deficiencies and promptly remediate with the appropriate internal/external parties.
- Communicate proactively with all parties involved in the loan closing transaction to avoid and/or resolve problems or issues at closing.
- Coordinates delivery of loan closing packages.
- Issue real estate closing instructions to title company.
- Communicate directly with escrow agents to ensure firm closing dates and accurate completion of loan files.
- Meet established productivity levels and turnaround times as set by the Loan Operations Supervisor.
- Review HMDA data for accuracy and assist in data input and validation.
- Assists with loan closing process by reviewing loan documents for compliance, completeness and accuracy.
- Prepare wire, cashier?s check or general ledger debits and credits.
- Track collateral for Real Estate, UCC, DMV or other security documents as needed.
- Board new and renewal loans on Fiserv Precision.
- Apply payment/advances and adjustments as needed.
- Input loan covenants and reporting condition for tracking.
- Strict adherence to the Bank Secrecy Act and all other applicable regulations is required.
- Special projects and other duties as assigned.
