First Republic Bank

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Loan Closing Specialist, Residential Lending

Loan Closing Specialist, Residential Lending

ID 
2017-5193
Job Locations 
US-CA-Los Angeles
Category 
Lending

More information about this job

Overview

First Republic Bank is looking for a talented, motivated lending professional to join our Residential Closing team. As a Closing Specialist, you will accurately and thoroughly prepare loan closing documentation and timely funding for Single Family 1-4 residential loan products, including borrower entities, detached, condo, and co-op property types. You will analyze procedures and make recommendations for operational improvements such as efficiency, cost reduction, customer service, and risk reduction.

Responsibilities

Additionally, you will:

  • Prepare and review loan closing and funding documentation in an accurate and timely manner for a range ofSFR 1-4 loan products:
    • Modestly complex borrower entities
    • Detached, condo and co-op property types
    • Permanent and line of credit purposes
  • Work with internal business partners at various levels to research and resolve transaction concerns.
  • Complete all internal funding documentation and distribute to appropriate departments.
  • Maintain current knowledge of lending products, services, systems, and processes in order to provide expert and up-to-date client service.
  • Recognize issues that demand escalation, determine the appropriate Bank contact, and act as liaison between the client and relevant group(s) in order to successfully resolve issues.
  • Perform duties and responsibilities specific to department functions and activities or as assigned by supervisor.
  • Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.

Qualifications

  • Bachelor’s Degree preferred.
  • Must possess 2 or more years in loan operations or related lending experience.
  • Knowledge of residential loan documentation a plus.
  • Must possess working knowledge of Microsoft Office Suite.
  • Experience with loan systems such as PowerLender, TotalPlus ML, and/or OnBase a plus.
  • Must be able to successfully manage projects of a varied and complex nature.
  • Must possess strong analytical, process, and people skills.
  • Must possess excellent oral and written communication skills.
  • Must possess the ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines.
  • Must possess demonstrated organizational skills and a strong attention to detail.
  • Must be able to provide extraordinary service and have fun!

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