What are the responsibilities and job description for the Participation Specialist - Community Development position at United Bank of Southwest AL & Northwest FL?
JOB FUNCTION / SUMMARY:
The Community Development Specialist will work closely with the United Bank Community Development group and will be responsible for the booking, funding and/or post close servicing of loans originated by the United Bank Community Development (UBCD) team. The candidate will be a dedicated resource within the Loan Operation working group whose primary focus is to ensure loans are boarded and funded with accuracy. In addition, the candidate will be responsible for any extensions, modifications or changes in terms related to the servicing of these loans.
PRIMARY DUTIES & RESPONSIBILITIES:
- Ability to analyze and understand loan documentation in relation to core system functions
- Daily posting and/or verifying of payment postings and interest rate changes to core system
- Daily posting and/or verifying of payment postings and interest rate changes to loan spreadsheets
- Accurately satisfy bill memos
- Verifying accuracy of incoming notices from external Financial Institutions
- Responsible for accuracy of information required by FDICIA
- Preparation of and/or verification of outgoing and incoming wires
- Prompt, accurate and courteous response to external Financial Institutions requests for documentation / information
- Prompt, accurate and courteous response to lenders request for documentation / information
- Any other duties as assigned by Management.
