First Republic Bank

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Loan Specialist, Team Support

Loan Specialist, Team Support

ID 
2017-5177
Job Locations 
US-CA-San Francisco
Category 
Sales

More information about this job

Overview

First Republic is an ultra-high-touch bank that provides extraordinary client service. We believe that one-on-one interactions build lasting relationships. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. Client trust and security are paramount in our line of business. Ultimately, our goal is unsurpassed client satisfaction which will lead to personal referrals – our number one source of new business.

 

We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.

 

Responsible for ensuring that all single and multi-family residential and commercial lines/loans are set up, processed and underwritten in a timely manner while meeting all regulatory compliance and achieving a high level of customer service. Responsibilities focus on successfully analyzing tax returns and financials ranging from complex to simple for various types of borrowers.  Individual must have a thorough understanding of SFR processing, documentation and underwriting. 

Responsibilities

  • Communicate with customers, providing excellent customer service and ensuring the customer relationship is maintained at the highest possible level.
  • Review set-up loan files for completeness and identify missing documentation and/or problems.
  • Analyze each loan file, ensuring the LAW form, loan narrative (if applicable), appraisal(s), application, preliminary title report and verifications meet secondary market and First Republic Bank loan program criteria and are accurately documented.
  • Prepare loan files for funding by reviewing the analysis for accuracy and by completing the Request for Documents form to ensure all regulatory information and loan terms are accurately input into the computer system to meet compliance requirements.
  • Complete KYC Flightpath compliance for all loan types
  • Utilize and apply FNMA lending guidelines and other industry compliance regulations
  • Prepare pre-qualification and/or commitment letters for loan officer review.
  • Cross train other team members, when applicable
  • Perform duties and responsibilities specific to department functions and activities.
  • Performs other duties and responsibilities as required or assigned by supervisor.
  • Responsibilities include the following:  1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training,  4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank (KYC), knowledge of The Dodd-Frank Act, Reg B., HMDA

Qualifications

KEY SKILLS, KNOWLEDGE AND ABILITIES:

  • A high school diploma required (college degree preferred).
  • 3-5 years' work experience in residential processing and underwriting is required, commercial and/or construction loan processing and underwriting suggested but not required.
  • Advance computer skills are required.
  • Additional work experience with an emphasis on customer service preferred.

PHYSICAL REQUIREMENTS:

  • Ability to learn and comprehend basic instructions; understand the meaning of words and respond effectively; and perform basic arithmetic accurately and quickly.
  • Vision must be sufficient to read data reports, manuals and computer screens.
  • Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
  • Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
  • Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
  • Must be able to travel in a limited capacity.

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