Loan Quality Control Specialist

Pathfinder Bank•City of Oswego, NY

About The Position

Summary/Objectives Responsible for implementing, testing and monitoring quality control processes and procedures both operational and compliance related for the Loan Department. Essential Functions Prepares and distributes the Daily Tracking Review Sheet which monitors internal SOX controls in relation to loan funding, loan boarding, and loan review timelines. Performs post-closing review on all Residential and Consumer loans booked to our core system for data accuracy and compliance. Analyze all executed documents for accuracy and completeness. Identifies and tracks errors during Quality Control reviews and follow up with loan officers or other team members to ensure that acceptable corrections are made to satisfy documentation and compliance requirements Performs all File Maintenance and Monetary Reviews for any transaction performed within the Loan Department for accuracy and completeness. Monitors and tracks any corrections and or missing items identified in review. Performs Fannie Mae Residential Prefunding Quality Control review on a monthly basis per the Fannie Mae Guidelines On a quarterly basis review the accuracy of our tax payments, insurance payments and force placed insurance payments. Secondary Functions Assists in the management of all regulatory examinations. Monitors the timely follow-up of loan satisfaction paperwork. Review department internal and external reporting to include Board of Directors loan reports for proper reporting, including modified loan report for TDRs, to ensure proper documentation and approval.

Requirements

A four year degree in Business Administration, Accounting, a related field or equivalent experience.
Intermediate computer skills, including a proficiency in Microsoft Office
Strong interpersonal and communication skills
A proactive problem solver
Ability to pay attention to detail and multitasking abilities
Knowledge of Federal and State Banking Regulations
Ability to work with minimum supervision and under time constraints
Basic mathematical skills including good knowledge of loan related credit/debit transactions involving advances, interest calculations and fees required

Nice To Haves

Two years of work experience in banking or a related field in loan documentation, loan compliance, lending, record management, or a closely related field
Strong knowledge of Bank’s software systems including: Easy Lender, Word, Excel, Interact, Advisor and Miser
Strong knowledge of Bank’s loan policies and guidelines
Strong understanding of CRA, HMDA, CIP, BSA and OFAC desirable

Responsibilities

Prepares and distributes the Daily Tracking Review Sheet which monitors internal SOX controls in relation to loan funding, loan boarding, and loan review timelines.
Performs post-closing review on all Residential and Consumer loans booked to our core system for data accuracy and compliance.
Analyze all executed documents for accuracy and completeness.
Identifies and tracks errors during Quality Control reviews and follow up with loan officers or other team members to ensure that acceptable corrections are made to satisfy documentation and compliance requirements
Performs all File Maintenance and Monetary Reviews for any transaction performed within the Loan Department for accuracy and completeness.
Monitors and tracks any corrections and or missing items identified in review.
Performs Fannie Mae Residential Prefunding Quality Control review on a monthly basis per the Fannie Mae Guidelines
On a quarterly basis review the accuracy of our tax payments, insurance payments and force placed insurance payments.
Assists in the management of all regulatory examinations.
Monitors the timely follow-up of loan satisfaction paperwork.
Review department internal and external reporting to include Board of Directors loan reports for proper reporting, including modified loan report for TDRs, to ensure proper documentation and approval.