Loan Closing Process Mgr

Description:

SKILL REQUIREMENTS:

General knowledge of accounting/financial systems.  Specialized knowledge of title insurance, real estate security legal requirements, Truth-in-Lending Act regulations and procedures, FMHA requirements, and loan processing procedures.  Specialized knowledge of documentation requirements for title policies, deeds of trust, and collateral.  Skill in oral and written communication.  Skill in providing customer service. Intermediate skill level in Microsoft Office applications.

 

ESSENTIAL FUNCTIONS:

  1. Assists management with oversight of loan closing activities. 

 

  1. Evaluates, develops and implements new loan processes and procedures for the Association. Assists office staff with computerized loan management systems.  Answers questions from loan officers and office staff regarding the use and completion of loan servicing documents.

 

  1. Evaluates, develops and implements loan servicing instruments for new and existing loan portfolios.  Performs analysis and interpretation of unique structural issues, such as complex Agribusiness loans and makes recommendations to management on adoption of procedures and documentation.  

 

  1. Organizes loan closing requirements and instruments in compliance with all association policies, procedures, and regulations.  Ensures all requirements are met prior to closing.

 

  1. Process UCC filings, searches and billing.

 

  1. Prepares loan closing statements verifying net loan proceeds, loan maturity dates and initial interest and principal repayment dates.  Requests and approves  loan proceeds (wire transfers).

 

  1. Prepares various statements to meet requirements of the Truth-in-Lending Act as required (i.e. Disclosure, RESPA, Right to Cancel).

 

  1. Reviews post-closing documents such as title policies, deeds of trust, assignments and additional collateral.  Ensures that all documents have been properly signed, witnessed and notarized by all required individuals.

 

WORKING RELATIONSHIPS:

Frequent interaction with customers, association departmental staff and management.  Occasional interaction with Farm Credit Bank of Texas staff.  Frequent interaction with area professionals including real estate agents, commercial bankers, and others who deal with the association in the normal course of business.

PHYSICAL ACTIVITIES:
Ability to sit for long periods of time. Ability to stand for limited periods of time. Frequent
finger/hand manipulation (keyboard, office equipment, small hand tools, etc.), occasional lifting,
carrying, pushing, and/or pulling while exerting up to 50 pounds of force.

POLICY AND COMPLIANCE:
Compliance with FCBT and Association technology and security standards is required.

 


Location: Cullman, Al

Reports to: Director of Loan Processing

EDUCATION AND EXPERIENCE REQUIREMENTS:

Bachelor’s degree in Real Estate, Business, Finance, Accountingor a related field, or equivalent experience and five (5) or more years of experience in loan processing including land or title examination.

JOB PURPOSE AND SCOPE:

Evaluates,develops and implementsnew loan processes and proceduresfor the Association.Performs analysis and interpretation of unique structural issues, such as complex Agribusiness loans and makes recommendations to management on adoption of procedures and documentation.  Makes recommendationsto managementonadoption of new loan servicing instruments.

Assign loans to closers, manage workloads and team. Assist senior-levelloan officer staff with oversight of loan closing activities.  Assist with thepreparation, interpretation, and evaluation of legal opinions for new and existing loans.Preparesloan closing packages and facilitates the loan closing process in accordance with all applicableassociation and FCA policies and regulations.Willingness and ability to delegate and work with a team is required.

 

 

 

BENEFITS:

Competitive compensation, health and wellness benefits, company-funded retirement plan, “best in market” matching 401(k), and professional development programs.