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Loan Operations Specialist

2 months ago


Oklahoma City, Oklahoma, United States MidFirst Bank Full time
Job Summary

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.
Requirements
  • 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.
What We Offer

MidFirst Bank offers a competitive salary and benefits package, as well as opportunities for professional growth and development.