Loan Review Specialist III

Description

Major Duties & Responsibilities:

• Works closely with Loan Processing and Servicing.
• Review commercial, real estate, consumer, and SBA loans.
• Evaluates the adequacy of loan and collateral documentation.
• Reviews and analyzes loans and all supporting documents for completeness and conformance with statutory regulations, policies, procedures, and practices.
• Analyzes loan applicants’ financial status, credit, and property evaluation to determine granting loan prior to closing as needed.
• Utilizes document exception software. Prepares and distributes monthly reports on the status of the loan exceptions.
• Professionally interacts with bank management, staff, answering questions, and providing support for loan classifications or other findings and recommendations.
• Ensures loans are closed and funded in accordance with the loan approval, and to ensure that all supporting loan documentation is in the file and properly executed.
• Suggest changes to the loan review process.
• Participate in loan review function of annual loan review, internal audit, and regulatory examination. 
• Perform all other duties as required, consistent with the goals, objectives, and responsibilities of the review function.

Qualifications

Education & Experience:

• Minimum of 5 years of loan review experience or comparable training.
• Knowledge of CFPB regulations required.
• Knowledge of HMDA, flood regulations, appraisals, and SBA loans.
• Extensive knowledge of all financial institution policies and procedures
• Excellent analytical skills, including the ability to define problems, collect data, establish facts, and draw valid conclusions.
• Excellent verbal and written communication skills.
• Ability to review and analyze mid to large size commercial loans of low to high complexity.
• Ability to accurately calculate simple to complex financial calculations.
• Knowledge of loan documentation standards.
• Knowledge of State and Federal banking laws and regulations.
• Ability to work effectively both independently and within a team.
• Ability to proficiently use Microsoft Office products and acquire other computer skills as needed.
• Comprehensive knowledge of commercial real estate lending, with an emphasis on commercial development loans.