Private Banking Assistant Banking Officer

Republic Bank•Lyndon, KY

15h•Hybrid

About The Position

The Private Banking Assistant Banking Officer is responsible for working with Private Banking and their client base to facilitate their loan requests typically up to $5MM, and any loan and deposit servicing requests. This position is also responsible for the handling of the entire process of any commercial, retail or consumer loan application through to the closing while following all policy and procedures in a manner that is consistent with the company’s financial objective. This position may handle 10 – 20 loans at any given time. Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Requirements

Customer service skills preferred.
Minimum 1 year banking experience in processing retail and/or commercial loans preferred.
Proficiency in Microsoft Office products and internet applications required.
Experience and overall understanding of loan systems and various related host systems preferred.
Notary Public required.
NMLS registration may be required
Excellent verbal and written communication skills for effective interactions with clients.
Detailed oriented with ability to multi-task.
Must be self-motivated and work in a team environment.
Requires a high energy level and strong sense of urgency.

Nice To Haves

Customer service skills preferred.
Minimum 1 year banking experience in processing retail and/or commercial loans preferred.
Experience and overall understanding of loan systems and various related host systems preferred.

Responsibilities

Contact and meet with clients to collect the necessary information to process their loan request. Will involve taking complete and accurate loan applications, retrieving information on file from Docuview, and assessing any additional information needed and collecting it.
Review with clients any necessary documents and disclosures at time of loan application, adhering to any Republic compliance standards.
Assist the Officers to facilitate all sales efforts and get the sale of all bank products.
Learn how to accurately submit and process all commercial, retail, and consumer loan requests in conjunction with our centralized processing/underwriting areas, maintaining contact and clear communication with processing/underwriting, the closing attorney as needed, our client and the Officer who initiated the loan.
Learn how to read personal and business tax returns to calculate personal income and debt to income ratios, including add backs for rental income, schedule C income and schedule E income.
Learn the differences between a corporation, sole proprietorship, and limited liability company and know what corporate documents that apply to each type.
Learn what a Revocable and Non-Revocable Trust is and which types of loans can be made to the various Trusts.
Learn Freddie Mac and Fannie Mae guidelines and the documentation that each require for the type of loan being submitted.
Learn the various types of retail loans from secondary market mortgages, portfolio mortgages, heals and helocs and consumer loans.
Learn the various types of business loans from owner occupied commercial real estate, investment commercial real estate, and C&I lending.
Schedule and coordinate all loan closings (commercial, retail, and consumer) with clients, and when applicable with buyers, realtors and closing attorneys and attend or close loans as necessary.
Review all upfront disclosures, processes and closing disclosures with client, following compliance with TRID guidelines.
Ability to accurately quote rates, closing costs and calculate escrows by having a thorough understanding of Republic’s commercial, retail and consumer loan and deposit products and matrix guidelines.
Handle client inquiries; help with problem solving, research, transfers, processing payments and customer service. Ensure first and second payments are being set up properly via ACH or billing to avoid 1st and 2nd payment defaults.
Complete necessary servicing tasks (file maintenance, BOB maintenance, payoff requests etc.).
Work with the Officers to renew all upcoming maturing loans, getting them renewed prior to maturity while looking for additional opportunities to cross sell.
Look for innovative ways to streamline the flow of work and better assist clients.
Prepare and submit Override Requests when needed to include all related compensating factors.
Prepare and submit Fee Waivers.
Prepare Summary of Terms and Commitment Letters.
Learn all bank systems, including but not limited to the commercial, retail and consumer Loan Operating Systems and Salesforce.
Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.
Model and foster behaviors that support the Bank’s values and corporate culture creating an atmosphere of trust, cooperation, accountability, and dedication to the organization.
Willingly perform all other duties and projects as assigned.