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Loan Operations Specialist
2 months ago
We are seeking a highly skilled Loan Operations Specialist to join our team at MidFirst Bank. As a key member of our loan operations team, you will play a critical role in mitigating collateral-related risk and ensuring compliance with regulatory requirements.
Key Responsibilities- Monitor and review hazard, builder's risk, business assets, and general liability insurance to mitigate collateral risk.
- Manage relationships with outsourced vendors to ensure accurate processing of notices and force-placements.
- Review daily reports and post for business unit managers and staff to monitor for notices mailed.
- Manage flood insurance monitoring to ensure compliance with regulatory and procedural requirements.
- Mitigate flood risk through weekly audits of flood record setup and monthly flood audits of all flood hazard determinations.
- Monitor ad valorem tax payments to mitigate risk related to loss of collateral or lien position.
- Strong knowledge of flood monitoring regulations and experience reviewing and analyzing insurance policies.
- Excellent reading, comprehension, and writing skills.
- Strong knowledge of typical Credit Agreement Covenants and consumer and commercial loan documents.
- Exceptional interpersonal, oral, and written communication skills.
- Excellent organization and multi-tasking skills.
- Basic knowledge of the Uniform Commercial Code, Regulation B, C, Z, RESPA, Fair Credit Reporting Act, and other federal and state regulations on lending and consumer compliance.
MidFirst Bank offers a competitive salary and benefits package, as well as opportunities for professional growth and development.