• Loan Closing Manager, Residential Lending

    ID
    2018-6865
    Job Locations
    US-CA-Los Angeles
    Category
    Lending
  • Overview

    First Republic Bank is looking for a motivated lending professional to oversee the daily operations of the Residential Closing and Funding team located in Century City, CA. As the Closing Manager, you will be responsible for ensuring the timely and accurate delivery of loan documentation and funding for residential loans. 

     

    This role will provide you with a room to hone your ability to analyze business needs, provide recommendations and develop appropriate strategies as you engage in development and implementation of best practices and strategic initiatives to enhance department efficiencies and support the Bank’s product/service strategy and growth forecasts. This is an excellent opportunity to utilize your relationship building and leadership skills to become a key partner to the Relationship Manager teams, as well as to senior management in Credit Administration, Legal, Compliance and Secondary Marketing.

    Responsibilities

    Additionally, you will:

    • Manage closing functions to ensure loan documentation and funding are handled accurately, efficiently and within Department service level agreements.
    • Monitor workflow for funders/closers and manage the pipeline for all fundings/closings.
    • Assist with doc prep file QC and provide results as feedback to closers.
    • Deliver funding/closing report to finance and other departments to ensure that all funds are available at the required time.
    • Act as a mentor and subject matter trainer to staff; encourage associate development and advancement.
    • Assess current workflow and processes in order to create and implement strategies designed to maximize efficiency and accuracy of the loan closing/funding group.
    • Ensure consistent and effective methods of communication are in place to ensure the seamless operation of the group.
    • Provide training, conduct performance reviews and complete any other supervisory activities.
    • 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 strongly preferred.
    • 4-5 years of experience in loan operations or related field.
    • 1-3 years of managerial experience.
    • Excellent Microsoft Office skills.
    • Experience with residential loan origination systems strongly preferred.
    • Exceptionally strong analytical, process and people skills. 
    • Excellent oral & written communications skills, including presentation skills
    • Proactive individual able to operate efficiently in a fast paced environment.
    • Demonstrated skills in organization and strong attention to detail.
    • Excellent analytical and problem-solving skills.
    • Experience drafting and negotiating loan documentation.
    • Good working knowledge of consumer regulatory compliance requirements.

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