• Residential Loan Closing Administrator

    ID
    2019-8417
    Job Locations
    US-NY-New York
    Category
    Lending
  •  

    Residential Loan Closing Administrator

    New York, NY

     

    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 Lending Services, we document, fund, and service all loans for First Republic. We’re also responsible for servicing investor and collateral loan portfolios, as well as responding to client and loan team inquiries. Lending Services provides operational support in streamlining workflow processes, driving product development, and providing training, lending compliance support, and professional development resources. Additionally, we provide operational risk and internal control oversight, support lending-based systems and vendors, and manage technology projects across First Republic product lines.

     

    Lending Services is looking for a talented, motivated lending professional to join our Residential Closing team.  As a Loan Closing Administrator, you will be responsible for the accurate and complete preparation of loan closing documentation and timely funding for Single Family 1-4 unit residential loans for either East or West Coast closings. You will manage both the closing and funding functions in an environment of constantly changing deadlines without losing the required high level of accuracy and production. 

     

    The ideal candidate will have excellent attention to detail, feel comfortable working with various levels of staff / management, possess the ability to make adjustments to workflows and reprioritize workload based on fluctuating deadlines. This position requires the coordination and support of multiple priorities of various functions within Lending Services as well as many other departments within the organization.

     

    What you will do as a Residential Loan Closing Administrator:

     

    • 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
    • Work with internal business partners at various levels to research and resolve transaction concerns
    • Complete prefunding and assist post-closing with any closing errors/corrections as necessary
    • 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

     

    What skills you will use:

    • 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 residential loan origination and/or servicing systems 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!

    Own your work and your career — apply now

    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.

     

    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.

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