Loan Quality Control Specialist

Unity Bank•Edina, MN

22d•$21 - $27

About The Position

The Loan Quality Control Specialist manages risk to Unity Bank by performing quality control functions in partnership with commercial, real estate, and consumer lending teams. The role verifies the accuracy of loan documents and the completeness of loan files. It conducts pre- and post-closing reviews against regulatory standards, internal controls, and processes; reviews documentation such as checklists, collateral, and lending-authority approvals; and communicates deficiencies or expectations to lending teams. The Specialist collaborates with Compliance, Lending, and Internal Audit to address audit findings and recommend process improvements. The position also includes daily loan-file maintenance reviews, FNMA portfolio balancing and reporting, and review of loan maintenance information uploaded to the core system. The employee is expected to understand loan policies and processes, identify policy exceptions, and comply with regulatory requirements, privacy policies, industry standards, and internal procedures. The work environment is described as collaborative, trust-based, transparent, supportive, and comfortable. The position may include travel across the bank's footprint and interaction with customers, community members, and Unity Bank employees. It may require prolonged sitting at a desk and computer use. Employees must participate in regulatory compliance training, including training specific to their job responsibilities.

Requirements

High school diploma or equivalent.
Three or more years of loan documentation experience or a combination of education and experience is preferred.
Banking industry experience is preferred.

Nice To Haves

Three or more years of loan documentation experience or a combination of education and experience.
Banking industry experience.

Responsibilities

Perform pre- and post-closing quality control reviews to verify loan-document accuracy against regulatory standards, internal controls, and processes.
Review loan documentation for completeness and accuracy, including checklists, loan collateral, and lending-authority approvals under loan policy.
Communicate deficiencies or expectations to the lending team.
Partner with Compliance, Lending, and Internal Audit to support and resolve audit findings and share findings and recommendations for improving processes and procedures.
Conduct daily loan-file maintenance reviews.
Balance and report on the FNMA portfolio.
Conduct loan-file maintenance and review as needed after information is uploaded into the core system.
Maintain an in-depth understanding of loan policy and process to identify policy exceptions.
Ensure adherence to regulatory requirements, privacy policies, industry standards, and internal policies and procedures.
Participate in regulatory compliance training.