What are the responsibilities and job description for the Consumer Loan Post Closing Specialist position at Orrstown Bank?
Location:
South Central Pennsylvania; Hybrid remote schedule may be considered.
Position Summary:
The Consumer Loan Post Closing Specialist is responsible for the post-closing and HMDA review of all consumer loan files (originated and non-originated) to ensure that proper policy, procedural and compliance requirements have been adhered to and that the loan files are documented in accordance with the approved terms. Additionally, the position will be responsible for creating and/or clearing documentation exceptions, review of other tracking items and monthly validation of the HMDA LAR. Additionally, will work with the Consumer Lending Team Leader to execute consumer loan package and compliance reviews along with providing both administrative support and backup processing as needed.
Qualifications:
Associate’s degree in Business, Finance, or Accounting preferred.
A minimum of one (1) year Consumer lending experience and knowledge of HMDA preferred.
Excellent time management, critical thinking and analytical skills. Proficient reading, writing, grammar, and mathematics skills; visual and auditory skills; moderate interpersonal relations and communication skills; An understanding of consumer lending documents and process; Previous experience with consumer loan documentation systems; Experience with Microsoft Office suite.
Essential Duties:
Review all originated and non-originated consumer loan files for completeness.
Supports the Consumer Lending department in conducting HMDA compliance reviews for each transaction. Works with the Branches and Underwriters to maintain compliance with regulations especially HMDA.
Identify any incomplete, deficient or missing documents as exceptions. Record and clear those exception items during the review on the tracking/tickler log, as needed.
Review weekly Decisioned loan report to verify all decisioned loan transactions are accounted for and have been or will be reviewed for post-closing and HMDA reporting purposes.
Review weekly Denied loan report to verify all adverse action loan transactions have been reviewed for proper disclosures and HMDA reporting purposes.
Implements current and new regulatory rules and guidelines, including a thorough working knowledge of HMDA requirements.
Understands the Bank’s BSA/AML Policy, including satisfactory completion of required annual BSA/AML training as applicable to position and appropriately applying this knowledge to daily activities and responsibilities, specifically understanding that any suspicious activity must be reported to the BSA Officer immediately.
Recommend changes to management for process improvements based on the file review findings and trends. Assist with the development of department procedures to achieve efficiency.
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Benefits:
At Orrstown Bank, our employees are our most valuable asset. Our benefits package is designed to help our team achieve work/life balance, maintain a healthy lifestyle, and plan for the future.
- Medical insurance
- Dental insurance
- Vision insurance
- Long-term disability
- Short-term disability
- Employee, spouse and dependent life and AD&D insurance
- Flexible spending account
- Dependent care spending account
- Employee stock purchase plan
- 401(k)/profit-sharing program
- Paid time off
- Paid holidays
- Paid parental leave
- Employee service recognition
