Senior PB Lending Specialist
About The Position
The Private Bank Senior Lending Specialist supports the Relationship Manager with their client's loan portfolio with extraordinary care and service. The Senior Lending Specialist works in primarily operational, processing, and analytical capacities, ensuring a high level of quality control from the loan application through the closing process. The Sr PB Lending Specialist has a strong understanding of Citizens Private Bank's credit policy, underwriting guidelines, and loan origination systems. The Senior PB Lending Specialist performs much of the same roles and responsibilities as the PB Lending Specialist and PB Lending Associate, with the understanding that the Sr. PB Lending Specialist is expected to lead, mentor, and manage team members in loan pipeline oversight, training and guidance, and is an expert on Citizens Private Bank credit policy, underwriting guidelines, and loan origination systems. Senior Lending Specialists who have credit approval authority for residential loans will tend to have higher dollar approval limits than the Lending Specialist or Lending Associate roles. After RM handoff, serves as main POC for RM/Client Relations team and third parties to lending transactions. Performs thorough analysis of client's financials to determine loan eligibility and qualification. Monitors active pipeline to ensure loan workflow is efficient and meeting closing deadlines. Maintains a high level of quality control for verifying accuracy of financial and loan documents. Manages end-to-end loan process with internal/external partners from the time the loan is live through closing. For Sr PB Lending Specialists who specialize in Residential Lending, responsibilities includes Setting up the loan and borrower terms in Empower, Locking the rate and ordering an appraisal, ordering title with escrow or attorney partners, preparing the initial loan estimate, initiating condo/co-op reviews, completing Underwriting Reviews and generating conditions, reviewing any additional financials and uploading to the loan origination system, composing loan narrative and identifying underwriting guideline variances or policy exceptions, and providing an initial approval decision or loan recommendation for a Credit Risk officer's approval.
Requirements
- minimum 5+ years of experience and knowledge of credit policy, lending origination systems, underwriting, loan process and regulatory requirements involved in complex residential lending
- Demonstrated success working in high net worth, non-traditional loans and underwriting
- Strong written and verbal communication skills with high attention to detail
- Proficient use of MS Excel is required- pivot tables, macros, formulas and application navigation
Responsibilities
- The Senior PB Lending Specialist performs much of the same roles and responsibilities as the PB Lending Specialist and PB Lending Associate, with the understanding that the Sr. PB Lending Specialist is expected to lead, mentor, and manage team members in loan pipeline oversight, training and guidance, and is an expert on Citizens Private Bank credit policy, underwriting guidelines, and loan origination systems. Senior Lending Specialists who have credit approval authority for residential loans will tend to have higher dollar approval limits than the Lending Specialist or Lending Associate roles.
- After RM handoff, serves as main POC for RM/Client Relations team and third parties to lending transactions.
- Performs thorough analysis of client's financials to determine loan eligibility and qualification.
- Monitors active pipeline to ensure loan workflow is efficient and meeting closing deadlines.
- Maintains a high level of quality control for verifying accuracy of financial and loan documents.
- Manages end-to-end loan process with internal/external partners from the time the loan is live through closing.
- For Sr PB Lending Specialists who specialize in Residential Lending, responsibilities includes Setting up the loan and borrower terms in Empower, Locking the rate and ordering an appraisal, ordering title with escrow or attorney partners, preparing the initial loan estimate, initiating condo/co-op reviews, completing Underwriting Reviews and generating conditions, reviewing any additional financials and uploading to the loan origination system, composing loan narrative and identifying underwriting guideline variances or policy exceptions, and providing an initial approval decision or loan recommendation for a Credit Risk officer's approval.
Benefits
- We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more.
- Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States.
- For an overview of our benefits, visit https://jobs.citizensbank.com/benefits [https://jobs.citizensbank.com/benefits].
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
