LOAN OPERATIONS SPECIALIST

SOUTH LOUISIANA BANK•Southdown, LA

1d•Onsite

About The Position

This role is responsible for a variety of tasks within loan operations, ensuring accuracy and compliance in areas such as escrow, disbursements, insurance coverage, financial statement management, and loan documentation. The specialist will also manage the appraisal process, communicate with participating banks, maintain tickler reports, and handle various legal and regulatory documentation.

Requirements

Sit, stand, stoop, lift up to 20 pounds.
Communicate effectively with others.
Successfully perform quality work within deadlines with or without supervision.
Interact professionally with other employees, customers and contacts.
Work effectively as a team contributor on all assignments.
Work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.
Extensive computer experience with knowledge of Windows, Microsoft Office, and Adobe.
Self-starter, quick learner, and possess ability to work with minimal supervision.

Nice To Haves

Bachelor’s or Associate’s Degree in Business or related major preferred.
Prior banking experience preferred, particularly in loan administration or lending.

Responsibilities

Ensure escrow is calculated correctly prior to closing.
Handle paying all escrow disbursements for flood, hazard, and property taxes.
Ensure loans have proper amount of initial (flood, hazard) insurance coverage prior to closing.
Request, track, scan, and produce reports for personal and business financial statements and tax returns.
Manage assigned life insurance policies.
Prepare workup of a customer’s banking relationship using CSI IQ.
Administer and manage the appraisal process.
Engage appraisers and reviewers using You Connect.
Communicate with participating banks to forward necessary financial information.
Review, manage, and monitor Tickler Reports.
Re-inscription of Mortgages, Leases & Rents, UCCs and any other miscellaneous documents as needed.
Review & record documents for Clerk of Court, Office of Motor Vehicles, Dept of Wildlife & Fisheries.
Manage, review, and maintain completed Adverse Action Notices for regulatory compliance.
Assist department supervisor during examinations, audits, and subpoena requests.
Preview consumer/commercial loans for accurate documentation prior to closing.
Review consumer/commercial loans for accurate documentation after closing.
Briefly review participation loans purchased, communicating with participating Banks, when needed.
Prepare participation agreements and send necessary loan documentation to participating banks.
Prepare and maintain the monthly reporting of Participations Sold and Purchased.
Assist in correcting documentation issues, including tracking, reviewing, following up, and filing.
Review mortgage certificates, scan and save all mortgage documents, delete ticklers.
Cross train with other members of the Loan Operations Departments.
Cross train on the set up and maintenance of CSI’s collateral valuation system.
Perform any additional duties as directed by the department supervisor.