• Loan Specialist

    ID
    2018-5749
    Job Locations
    US-CA-San Diego
    Category
    Customer Service/Support
  • 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 family residential loans are set-up and processed in a timely manner while meeting all regulatory compliance and achieving a high level of customer service. Responsibilities primarily focus on processing, underwriting, customer care and relationship management.

    Responsibilities

    • Must be be able to  analyze / underwrite / cash flow mortgage loans.
    • Communicate with customers, providing excellent customer service and ensuring the customer relationship is maintained and the highest possible level.
    • Review set-up loan files for completeness and identify and missing documentation or potential 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 closing and funding by performing a final QC of loan and coordinating with internal and external partners.
    • Derive cash flow from analysis of federal personal and business income tax returns & schedules and financial statements.

    • Cross trains other team members, when applicable.
    • Perform duties & responsibilities specific to department functions & activities.
    • Performs other duties & 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.

    Qualifications

    KEY SKILLS, KNOWLEDGE, AND ABILITIES:

    • College degree required.
    • 1-3 years' experience with processing, underwriting and related analysis.
    • Work experience in residential real estate loan underwriting is required.
    • Proven ability to analyze income tax returns & tax schedules to derive borrower's cash flow.

    • Basic computer skills are required.
    • Additional work experience with an emphasis on customer service preferred.

    MENTAL/PHYSICAL REQUIREMENTS:

    • The ability to learn and comprehend basic instructions; understand the meanings 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 as position requires.
    • May be required to lift up to 25-50 lbs.

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