What are the responsibilities and job description for the Quality Control Analyst - Commercial Lending position at OpTech?
Our amazing client is looking for a Commercial Lending Quality Analyst for exciting long term projects with a great team. This team is working Hybrid in Farmington Hills, Michigan twice a week. Initial duration is over a year to begin with but there is a ton of work. This is a career building opportunity.
- 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.
DUTIES AND 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 multiple loan products while utilizing multiple systems to view and research documents to determine correct loan data to book. 50%
- Risk Management and Compliance
- 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 30%
- Reporting
- Document Findings/exceptions, root cause of errors within assigned database.
- Complete all checklist, job aids, to ensure correct exception reporting. 10%
- Other duties as assigned. 10%
Minimum Experience Required
- 3 years financial services or lending operations
- 2 years Banking, Accounts Payable/Receivables
- 1 year Closing and/or Servicing
- 1 year Familiar with bank regulations and compliance
Job Specific Skills
- Knowledge of AFS Level III or AFS Vision. Strong Communication Skills.
- Strong interpersonal skills and listening skills.
OpTech is an equal opportunity employer and is committed to creating a diverse environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, pregnancy, status as a parent, disability, age, veteran status, or other characteristics as defined by federal, state or local laws. https://www.optechus.com/eeo_self_identification/
