Loan Origination Specialist
4 weeks ago
Job Summary:
The Loan Origination Specialist is a key member of the Carver Federal Savings Bank team, responsible for originating loans and onboarding purchased loans. This role ensures that loan data is accurately collected and entered into the loan origination database, and loan documents are compiled into loan files in accordance with Carver's standards.
Key Responsibilities:
- Collect loan submission paperwork from Loan Officers
- Enter loan data into databases for new loans, refinances, and renewals
- Prepare and execute loan file document checklists for all loan originations
- Gather all loan documents and prepare loan files
- Process good faith deposits and disbursements
- Generate and deliver third party credit reports
- File UCC-1 and UCC-3 paperwork for assignments and terminations
- Perform CIP and CDD and validate prerequisites before closing a loan
- Supply BSA Department with CIP customer information
- Generate adverse action and declined loan letters
- Submit check requisitions to Accounting for payment to third party vendors
- Transmit legal documents to DMI for certain new loans
- Ensure new loan files are prepared for FHLB pledging and enter data into FHLB database
Onboarding Other Loans:
- Enter loan data for purchased loans into loan databases
- Prepare loan file document checklists for loan pool purchases
- Gather all purchased loan documents and prepare loan files
Compliance and Other Duties:
- Perform pre-closing review of loan settlement disbursement agreement and CAM
- Review loan files for completeness and accuracy prior to closing
- Support the Lending, Compliance, Credit, Portfolio Management, and Loan Workout departments as requested
- Contribute to loan servicing and assist the Loan Servicing Specialist as needed
- Generate EasyLender reports for Portfolio Management Loan Review tracking and Lending Department workflow monitoring
Qualifications:
- Minimum Associates Degree or equivalent related business experience
- Minimum of 5 years experience in loan origination or administration
- Strong communications skills and the ability to communicate effectively verbally and in writing
- Excellent organizational, time management, and analytical skills
- Strong attention to detail
- Able to read and understand credit approval terms and conditions
- Knowledge of commercial real estate, construction, business, SBA, residential and consumer mortgage loan processing and loan documentation
- Knowledge of lien perfection and collateral release processes
- Knowledge of State, Federal and general banking compliance requirements and regulations
- Knowledge of Fiserv, EasyLender and Sageworks loan systems
- Excellent Microsoft Excel & Word skills
- Familiarity with all phases of loan processing
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