Sr Commercial Loan Quality Control Specialist
Flagstar Bank FSB

Job Info

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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:

• 5+ years of commercial servicing, funding or similar C&I / commercial real estate banking background
  
• Knowledge and understanding of C&I / commercial real estate loan documentation and structure
  
• Knowledge and understanding of legal language included in Commercial Loan Agreements, Notes, Guaranty Agreements, and Entity documents including entity structure
  
• Knowledge of general banking operations sufficient to understand loan function
  
• Knowledge of current bank regulatory compliance
  
• Proficient computer skills including the ability to assimilate new software applications
  
• Excellent written and verbal communication skills
  
• Ability to evaluate documentation and make decisions
  
• Ability to multi-task while still maintaining careful attention to detail
  
• Ability to operate both independently and as part of a team
  
• Ability to organize and prioritize work
  
• AFS knowledge required
  
• SBA knowledge preferred
  
• HS Diploma, GED or Foreign Equivalent
  
• Bachelor's degree in a related field strongly desired
  

Internal Use Only: Job Band H-Hourly

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