Loan Services Flood Compliance Reviewer

Towne Family of Companies • Suffolk, VA

6d • Onsite

About The Position

TowneBank is a relationship and friendship driven local bank focused on basic human values that will serve to create a warm sense of belonging and financial well-being among our family of members. We are seeking a Loan Services Flood Compliance Specialist to assist in the protection and validation of Flood Insurance for Towne Bank Loans. The good-faith compensation range for this role is expected to be $45,250-$57,500, based on the role, market, internal equity, and candidate qualifications.

Requirements

• High School graduate or equivalent or compensating work experience in a financial institution for 2-3 years
• Must be efficient, thorough, and work well on your own and with co-workers
• Must possess a willingness to help others at any time
• Strong written and oral communication skills are a must when talking or emailing
• Must be able to work in a fast-paced environment and work well under pressure to meet deadlines
• Must have some knowledge and experience with loan documentation
• Computer experience (Word and Excel)

Nice To Haves

• Experience using Baker Hill Advisor, FIS Insight, FIS Image Center and Core Logic
• Previous work experience in a bank or finance company lending area
• Insurance experience is necessary and preferred
• Good understanding of the flood regulations and it’s requirements

Responsibilities

• Assist with pulling daily flood monitoring expired report
• Assist in the daily review of the flood insurance approval process
• Assist with the daily monitoring of the Core Logic Flood Determination Report
• Assist with flood map changes and submitted by the bank’s vendor from time to time
• Assist with the weekly Flood Insurance Report for new loans booked and verify information on core system
• Required to work with insurance companies and provide updates to mortgagee clause, loan number and request updated policies when applicable.
• Send member communication with regards to expired or cancelled policies
• Assist loan officers and their assistants with questions regarding their members flood insurance policies
• May assist with internal and external department audits
• Review all flood insurance mail and update Flood Tracking on core system
• Assist with the BPI- LCA Flood Review workflow
• Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
• Other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED