HELOC Underwriting Specialist

Guaranty Bank & Trust•Greenville, MS

11d•Onsite

About The Position

The purpose of this job is to accept and complete all responsibilities related to Home Equity Line of Credit loan applications apart from making the final decisions.

Requirements

High School Diploma or equivalent
1 to 2 years of experience in banking or related field.

Nice To Haves

Post-secondary certificate or degree, experience will be considered.
3 to 5 years of experience in consumer lending or related field.

Responsibilities

Receive applications from branch lenders and/or lender assistants and online applications
Establish communication with applicants
Enter applications in appropriate software
Prepare loan documents in appropriate software
Follow established loan processing timing guidelines for obtaining disclosures and loan documents
Structure loans
Gather all information and documentation required to accurately underwrite the application
Understand and comply with all regulations related to consumer lending
Understand, verify and document appropriate income and expenses of each applicant and co-signer or guarantor
Order, obtain, and verify all information and documentation needed to make a sound decision
Provide information and documentation needed to make a sound decision to the decisioning lender in a timely manner
Provide excellent customer service throughout the application and loan closing process
Communicate decision to applicants
Send Adverse Action Notices or Counter Offer Notices (when requested by decisioning lender) with appropriate declination reasons and/or stipulations on all declined applications within 30 days of application date
Compile all information and documentation required to protect the bank's collateral position on all approved applications
Compile all information and documentation needed to prove compliance with all consumer lending regulations
Compile all information and documentation needed by Loan Processing to process the loan package
Prepare all documentation required to accurately document the loan file for Safety/Soundness, Compliance, BSA, OFAC, etc. including exhibits, title applications, and any other document not provided by Loan Processing
Establish loan closing date and time
Check accuracy of loan documents prior to closing
Prepare loan package for borrowers’ signatures
Present loan package to borrowers, answer inquiries, obtain signatures, and disburse loan funds appropriately
Prepare and balance disbursement and fee tickets accurately
Submit required documentation to New Loans for booking immediately after disbursement, if branch isn’t able
Follow procedures for attaching documentation to application electronically
Prepare closed loan package and send package to Loan Processing in a timely manner, if branch isn’t able
Obtain any additional documentation or information needed after loan closing and clear all exceptions in a timely manner on applications and/or loans submitted
Able to assume responsibility for loan related task as required or assigned
Ensure bank is in compliance with federal banking regulations including, but not limited to Bank Secrecy Act, OFAC, Community Reinvestment Act, American with Disabilities Act, Right to Financial Privacy Act, Gramm-Leach-Bliley Act, the Federal Reserve’s “lettered” regulations, and Consumer Lending Specialist roles and responsibilities relating to each act.
Represent Guaranty Bank & Trust Company professionally, efficiently, and tactfully
Acknowledge and greet customers with a smile, call customer by their name, ask if they need any additional assistance, thank customer at end of every conversation
Ensure continuing development of professional relationships with management and colleagues.
Answer basic inquiries while complying with disclosure requirements, regulations and consumer privacy policies.
Answer and assist incoming callers with questions and requests; subsequently route callers, as appropriate.
Receive incoming bank visitors and assist in directing them appropriately.
Work overtime, as needed.
Complete all assigned BAI courses in a timely manner
Perform other duties as necessary to keep the HELOC loan process as efficient as possible
Perform all work within bank guidelines, following bank policies, procedures and standards of performance
Provide assistance to other departments as needed.
Perform other duties that may be assigned and requested.