• Loan Specialist

    ID
    2019-8306
    Job Locations
    US-FL-Palm Beach
    Category
    Lending
  •  

    Loan Specialist

    Palm Beach, FL

     

    At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here. 

     

    Incredible teams doing exceptional work, every day

    In Relationship Management Team Support, we document, process and underwrite both residential and commercial loans. We provide exceptional client service to internal and external partners. We support our Relationship Managers in all aspects of the loan process to ensure that we are delivering a seamless lending experience to our clients.

     

    Responsible for ensuring that all single and multi-family residential and commercial lines/loans are set up, processed & 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. 

     

    What you’ll do as a Loan Specialist:

    • 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 & 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 (KYC), knowledge of The Dodd-Frank Act, Reg B., HMDA

     

    What skills you will use:

    • A high school diploma required (college degree preferred).
    • Extensive work experience in residential processing & 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.

    Job Demands:

    • Reading, detailed work, confidentiality, problem solving, language, training, math skills, reasoning skills, written communication, multiple concurrent tasks, constant interruptions. 
    • Must be able to review and analyze data reports and manuals; must be computer proficient.
    • Must be able to communicate effectively via telephone and in person.
    • Language, oral communication, customer contact, ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees.
    • Position involves sitting as well as walking or standing for brief periods of time.

    LEGAL DISCLAIMER: 

    The purpose of the job demands provided above is to assist in ADA compliance, not for other purposes (e.g., collective bargaining, compensation, etc.). This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization. The Company is an equal opportunity employer. In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship.

     

    Are you a good fit?

    Are you willing to take initiative and make decisions?  Are you willing to go the extra mile because you love what you do and how you can contribute as a team?   Do you want the freedom to grow and the opportunity to take charge of your own career?  If so, then come join us.   

     

    Apply now

    We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability—that’s the First Republic way. Come join us!  

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