First Republic Bank

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Loan Closing Specialist, Residential Lending

Loan Closing Specialist, Residential Lending

ID 
2018-5883
Job Locations 
US-NY-New York
Category 
Lending

More information about this job

Overview

 

The Residential Closing Specialist is primarily responsible for the accurate and complete preparation of loan closing documentation and timely funding for Single Family 1-4 residential loans for either East or West coast closings. The Specialist will manage both the closing and funding functions in an environment of constantly changing deadlines without losing required high level of accuracy and production. The Residential Closing Specialist will also make recommendations for job-specific operational improvements such as efficiency, cost reduction, customer service and risk reduction. Duties are performed in accordance with established schedules and procedures, but employees must organize their own work, select proper equipment and supplies, make minor adjustments, and ensure proper completion of assigned tasks.

 

Responsibilities

 

 

 

% Time

(100% combined)

 

What are the essential functions of the job?

70%

 

Prepare and review loan closing and funding documentation in an accurate and timely manner for a range of SFR 1-4 loan products:

  • Modestly complex borrower entities.
  • Detached, condo and co-op property types.
  • Permanent and line of credit purposes.

10%

 

Work with internal business partners at various levels to research and resolve transaction concerns.

10%

 

Complete all internal funding documentation and distribute to appropriate departments.

10%

 

Perform duties & responsibilities specific to department functions & 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

 

Internal Contacts:

Work with internal business partners, and lending office staff at various levels to research and resolve transaction concerns

 

External Contacts:

Includes verbal and written interaction on items to research and resolve transaction concerns.

Essential Skills, Bodies of Knowledge and Abilities:

  • Proactive individual able to operate efficiently in a fast paced environment.
  • Quick learner and ability to manage multiple priorities.
  • Proven ability to work under pressure and meet strict deadlines.
  • Excellent verbal and written communication skills.
  • Demonstrated skills in organization and strong attention to detail.
  • Provides extraordinary service.
  • Furthers the First Republic Bank culture and values.

Products and Software:

  • Strong working knowledge of MS Word / MS Outlook / MS Visio / MS PowerPoint/ MS Excel.
  • Experience with PowerLender, TotalPlus ML and/or IL applications a plus.

Education, Experience, Training, or Certifications/Licenses:

Required: High School diploma and 2-3 years of experience in the banking industry.

Preferred: Bachelor’s Degree.

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.

Workplace Environment:

General Office Environment (administrative)

 

 

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