Commercial Quality Control Specialist

Burke & Herbert Bank & Trust•Moorefield, WV

2d•Onsite

About The Position

Responsible for reviewing consumer pre-closing and post-closing loan packages to ensure accurate documentation, compliance with regulations, identification of legal issues and adherence to bank policies and department procedures.

Requirements

Strong data entry skills.
Detail-oriented and well-organized.
Highly professional in all written and verbal communications.
Advanced computer skills with working knowledge of Microsoft Office (Word, Excel, Outlook).
Able to manage time efficiently and prioritize workloads to meet strict deadlines while handling multiple tasks.
Thorough knowledge of various types of secured and unsecured consumer transactions, loan products, and legal and regulatory issues related to lending.
2 years experience in conventional and government compliance, loan file reviews, or associated processes in the lending industry required.
In-depth knowledge of all federal, state, and local compliance regulations to include: Truth in Lending; Equal Credit Opportunity laws, Reg Z, Reg B, and Reg X.
Advanced knowledge of total closing function to include: underwriting condition to closing, closing instructions, closing procedures, and TRID.

Nice To Haves

4-year college degree or equivalent additional related work experience preferred.

Responsibilities

Conducts pre-funding review of consumer loans to ensure accuracy and completeness of closing packages.
Conducts post-closing review of completed consumer loan documents to ensure compliance with all Federal, State, and local regulations.
Acts as an independent reviewer to conduct compliance and post-closing audits on consumer loans, including conventional and government (agency) type mortgage loan files, to ensure compliance and investor guidelines have been met.
Identify areas of deficiency and maintain records, responses, and results of all audits.
Verify that the terms included in loan documentation match terms approved in the loan request and/or loan presentation.
Ensure loan closers correct outstanding errors prior to closing.
Establish and maintain production standards and quality requirements.
Responsible for the quality control reporting of pre-funding and post-funding files in addition to denied loan files and early payment defaults.
Work independently with auditors to resolve exceptions, questions, and concerns about underwriting, documentation, and data integrity errors.
Assign, manage, and report Quality Control monthly review of production to Director of Loan Operations.
Work with other department managers in complying with responses and action plans for Quality Control exceptions.
Determine if internal/external parties involved in all aspects of the loan have successfully met the guidelines and responsibility for particular loan programs.
Other duties as assigned.