Banking Loan Review Specialist II

Banking Loan Review Specialist II JOB SUMMARY:

The Loan Review Specialist II is responsible for reviewing closed loan documents for new, renewed and amended commercial and real estate transactions. Ensures required documentation has been obtained and properly executed. Also ensures that the loan was prepared in accordance with the terms and conditions approved by underwriting, the senior lender or loan committee.

Banking Loan Review Specialist II ESSENTIAL FUNCTIONS (RESPONSIBILITIES):

• Works with lending staff to address any discrepancies or deficiencies in the closing documents and addresses concerns/questions to develop solutions.
• Reviews and validates all documentation related to the loan for accuracy, completeness and compliance with lending laws and regulations and proper perfection of collateral as well as performs maintenance on commercial and real estate loans.
• Reviews and processes early disclosures, renewal/modification documents and payment extension documents, in addition to new loan documents.
• Boards loans to the core processing system, ensuring accurate field completion for terms of loans and assigning loan codes in accordance with loan classification and portfolio monitoring and reporting requirements.
• Performs a variety of imaging duties, such as verifying the quality of scanned documents; correcting, indexing, cross referencing and deleting documents; resolving rejected and suspended batches.
• Creates appropriate exceptions for omitted documents and those with errors. Creates recurring exception schedules for applicable documents.
• Creates ticklers and/or recurring exceptions for loan covenants or special loan terms as well as records security documents (i.e. lien entries, UCCs, mortgages, etc.)
• Processes participation transactions and settles with participating banks. Performs confirmation audits for participations.
• Monitors escrow function, including analyzing the annual statements on monthly basis, paying invoices bi-monthly and reconciling all escrow activity.
• Acts as E-Oscar Queue Manager for credit discrepancies as well as balances other liabilities general ledger and disburses unused funds.
• Exercises awareness with regard to possible suspicious activity, money laundering or fraudulent behavior and reports any such incidents to the BSA department. Performs all job functions in compliance with all company policies and federal, state, and local laws and regulations as applicable to the position, including, but not limited to BSA/AML, OFAC and GLBA/privacy rules.
• Performs related responsibilities as required or assigned

Banking Loan Review Specialist II REQUIRED QUALIFICATIONS:

Knowledge/Skills/Abilities

• Thorough understanding of image system document sets and document parameters for recurring documents.
• Thorough knowledge of commercial loan policy and residential real estate loan policy.
• Excellent communication and interpersonal skills.
• Proficient in MS Office applications.
• Ability to maintain composure under pressure.
• Ability to maintain personal and work direction when faced with ambiguity.
• Exemplifies the Gateway Values: Growth Oriented, Make a Difference, "Get it Done" Attitude, Team Player, Do the Right Thing.

Equivalent Education/Experience

• High School Diploma or equivalent required.
• 2-4 years of previous experience in lending or loan operations department.
• Experience with FIS Horizon, FLO and Imaging Center preferred.
• Experience with SBA loans preferred

Banking Loan Review Specialist II SPECIAL JOB DIMENSIONS:

Courtesy, tact and diplomacy are essential elements of the job.

NOTE: The essential job functions and associated qualifications contained in this document describe the general nature and level of the work performed. They are not intended to represent an exhaustive listing or be inclusive of all aspects of the job. The tasks and procedures involved in the performance of the essential job functions may vary from day-to-day. Major changes in areas of responsibility may occur, as directed by management, and will require revision of this job description.