Loan Portfolio Quality Control Specialist

Summary:
Reviews loan portfolio to validate that it performs according to the collateral documents and ensure data integrity of highest quality. Performs regulatory and operational risk reviews. Assist in special project integration, implementation and testing.
Responsibilities:

• Routinely performs reviews of all new loan types to ensure accuracy of all loan data as dictated by source documents
• Performs daily maintenance crosscheck with source and supporting documentation to ensure accurate changes and appropriate controls
• Test system changes to ensure accuracy: interest rate resets, index rate updates, etc.
• Perform loan-level testing as needed to support the overall portfolio quality
• Review processes to ensure compliant to loan servicing state and federal regulations and internal quality control policy & procedures
• Test release of collateral on loans to ensure accuracy; paid off loan
• Set ups loan deficiency notifications. Monitors all required regulatory and operational risks on a timely basis
• Monitors adherence to all SOX controls
• Assist in special projects as needed
• All others duties as assigned

Qualifications:

• Associates degree or equivalent work experience required
• Minimum of 3 years’ experience working in the Loan Mortgage and Commercial Servicing environment
• Knowledge loan servicing regulations, operational processes and residential and commercial collateral loan documents
• Excellent attention to detail and ability to work in a fast-paced environment
• Great communication and organizational skills
• Ability to work independently and as a team
• Ability to manage hard deadlines

Working Conditions/Physical Demands:

• Normal office environment
• Frequent sitting and standing at a desk
• Heavy keyboard use

Individuals must be in compliance with Cambridge Trust’s COVID 19 Vaccination Policy. For a copy of this policy, and/or reasonable accommodations, please contact HumanResources@cambridgetrust.com.
The above statements are intended to describe the general nature and level of work being performed by people assigned to do this job. The above is not intended to be an exhaustive list of all responsibilities and duties required.
Cambridge Trust Company is an Equal Opportunity Employer of women, minorities, protected veterans, and individuals with disabilities.

• External and internal applicants, as well as position incumbents who become disabled as defined under the Americans with Disabilities Act must be able to perform the essential job functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on a case-by-case basis

Job Type: Full-time