What are the responsibilities and job description for the Loan Quality Control Specialist position at Pathfinder Bank?
Description:
Summary/Objectives
Responsible for implementing, testing and monitoring quality control processes and procedures both operational and compliance related for the Loan Department.
Essential Functions
Prepares and distributes the Daily Tracking Review Sheet which monitors internal SOX controls in relation to loan funding, loan boarding, and loan review timelines.
Performs post-closing review on all Residential and Consumer loans booked to our core system for data accuracy and compliance. Analyze all executed documents for accuracy and completeness.
Identifies and tracks errors during Quality Control reviews and follow up with loan officers or other team members to ensure that acceptable corrections are made to satisfy documentation and compliance requirements
Performs all File Maintenance and Monetary Reviews for any transaction performed within the Loan Department for accuracy and completeness. Monitors and tracks any corrections and or missing items identified in review.
Performs Fannie Mae Residential Prefunding Quality Control review on a monthly basis per the Fannie Mae Guidelines
On a quarterly basis review the accuracy of our tax payments, insurance payments and force placed insurance payments.
Requirements:
Required Education, Experience and Qualifications
A four year degree in Business Administration, Accounting, a related field or equivalent experience.
Intermediate computer skills, including a proficiency in Microsoft Office
Strong interpersonal and communication skills
A proactive problem solver
Ability to pay attention to detail and multitasking abilities
Knowledge of Federal and State Banking Regulations
Ability to work with minimum supervision and under time constraints
Basic mathematical skills including good knowledge of loan related credit/debit transactions involving advances, interest calculations and fees required
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