Centralized Funding Specialist

Hancock Whitney•Gulfport, MS

About The Position

Evaluates, authorizes and funds disbursements for all loans except certain residential or commercial construction loans handled through TCL Construction group. Is responsible for funding through ACH, wire transfer, direct deposit to customer accounts or attorney escrow accounts, or by official check to third-parties. Reviews loan documentation for consumer and commercial purpose loans, in a multi-state environment for compliance with applicable state regulations, federal regulations and bank loan policy.

Requirements

Bachelor's Degree
2 years of related experience and/or training
A combination of education and experience is acceptable
Exhibits strong verbal and written communication skills
Ability to effectively communicate with a variety of audiences and multiple levels of management
Possesses strong interpersonal and customer service skills and the ability to work well across teams
Is a self-starter with strong organizational skills
Has the ability to multi task and prioritize workload in a fast paced environment
Possesses strong analytical, problem solving and conceptual skills
Ability to formulate sound conclusions and recommend optimal course of action based on analysis
Loan documentation knowledge of consumer, commercial, and real estate loans
Knowledge of loan policy and procedure
Knowledge of federal regulatory laws and those in the applicable states
Ability to work independently with little supervision
Ability to manage several projects simultaneously
Ability to make decisions independently.

Nice To Haves

Certification in Banking Regulations (Reg. B, Reg. CC, Reg. O, Reg. Z)
Certification in HMDA Compliance
Certification in CRA, RESPA, RMR Regulations

Responsibilities

Reviews loans of various complexity and assures that documentation is in compliance with bank policy, federal and state regulations.
Reviews application/approval for completeness, accuracy and proper approval.
Ensures that no critical exceptions are present in documents prior to funding.
Ensures all required documentation is prepared/obtained to properly perfect the bank’s lien.
Receives, analyzes, approves and prepares disbursements after verification of appropriate documentation.
Coordinates with outside attorneys as necessary to provide appropriate funding.
Communicates to lender any issues affecting loan closing; identifies any legal, documentation or policy deficiencies and assists in correction of issues impacting closing prior to disbursing funds.
Authorizes release of loan proceeds upon appropriate review of documents, including responsibility for large dollar commercial monetary transactions to the individual’s specific limits.
Disburses funds to customer/attorney’s account via ACH, paper deposit for on-us items, or wire transfer as appropriate, and confirms accurate disbursement.
Prepares loan packages for booking to ALS.
Coordinates with Central Reconciliations to reconcile loan fundings with general ledger balances.
Monitors own work to ensure quality.
Responsible for ensuring appropriate Customer Identification (CIP) is obtained prior to funding.
Mentors and provides training assistance to Documentation Analysts.
Ensures high levels of service, security and productivity are maintained at all times.
Coordinates with Information Security, Audit, Compliance and the ACH/Wire Manager to establish, and ensure the use of appropriate risk controls.
Utilizes internet based network for creating wire and ACH transactions to fund deposits.
Utilizes intranet-based DAC Tracking tool to track productivity and workflow; reviews daily reports to self-manage work in progress.