Job Summary
The Loan Quality Control Specialist will review all new and renewal loans post boarding and funding, for approval, completeness and accuracy including but not limited to CRE, C&I, Syndication and Small Business. Performs a wide variety of tasks related to quality control servicing of commercial loans according to established policies, procedures and regulatory guidelines thus ensuring overall quality and integrity of the Bank's Commercial Loan portfolio. Activities require knowledge of credit approvals, loan documentation and loan systems.
Job Responsibilities:
Reviews daily reports to ensure accurate customer billing, rate review, payment changes, transfers, annual reviews, risk rating changes, escrow, collateral and Borrowing Base. Performs the quality control function at the loan level for new loans and the maintenance on loan modifications. Ensuring they are properly translated into the Core system. Monitors the integrity of data entered into the core system. Ensures accurate processing of payments, loan advance and transaction reversals necessary to maintain the accuracy in the loan core system.
Reports discrepancies found to relevant units and monitors correction as required. Track errors by assigning to responsible unit and report same. For errors requiring corrections, communicate to the applicable unit and monitor the timely correction of same. Assists in the ongoing processing of exception handing by pulling and working entries from tracking reports.
Work with Corporate support departments to ensure procedural consistency, adherence to internal controls (SOX) and compliance with regulatory requirements.
Perform monthly audit of Promissory Notes to ensure completeness.
Job Requirements:
Subscribe to job alerts and upload your resume!
*By registering with our site, you agree to our
Terms and Privacy Policy.