HELOC Underwriting Specialist

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Regular Full-Time Iuka, MS, US

2 days ago Requisition

Location: Greenville or Iuka

Department: Central Credit Administration

Reports to:

Positions Supervised:

Employee Classification:

FLSA Status:

The purpose of this job is to accept and complete all responsibilities related to Home Equity Line of Credit loan applications apart from making the final decisions.

To accomplish this job successfully, an individual must be able to perform, with or without reasonable accommodation, each essential function satisfactorily. Reasonable accommodations can be made to help enable qualified individuals with disabilities to perform the essential functions.

• Receive applications from branch lenders and/or lender assistants and online applications
• Establish communication with applicants
• Enter applications in appropriate software
• Prepare loan documents in appropriate software
• Follow established loan processing timing guidelines for obtaining disclosures and loan documents
• Gather all information and documentation required to accurately underwrite the application
• Understand and comply with all regulations related to consumer lending
• Understand, verify and document appropriate income and expenses of each applicant and co-signer or guarantor
• Order, obtain, and verify all information and documentation needed to make a sound decision
• Provide information and documentation needed to make a sound decision to the decisioning lender in a timely manner
• Provide excellent customer service throughout the application and loan closing process
• Send Adverse Action Notices or Counter Offer Notices (when requested by decisioning lender) with appropriate declination reasons and/or stipulations on all declined applications within 30 days of application date
• Compile all information and documentation required to protect the bank's collateral position on all approved applications
• Compile all information and documentation needed to prove compliance with all consumer lending regulations
• Compile all information and documentation needed by Loan Processing to process the loan package
• Prepare all documentation required to accurately document the loan file for Safety/Soundness, Compliance, BSA, OFAC, etc. including exhibits, title applications, and any other document not provided by Loan Processing
• Establish loan closing date and time
• Check accuracy of loan documents prior to closing
• Prepare loan package for borrowers’ signatures
• Present loan package to borrowers, answer inquiries, obtain signatures, and disburse loan funds appropriately
• Prepare and balance disbursement and fee tickets accurately
• Submit required documentation to New Loans for booking immediately after disbursement, if branch isn't able
• Follow procedures for attaching documentation to application electronically
• Prepare closed loan package and send package to Loan Processing in a timely manner, if branch isn't able
• Obtain any additional documentation or information needed after loan closing and clear all exceptions in a timely manner on applications and/or loans submitted
• Able to assume responsibility for loan related task as required or assigned
• Ensure bank is in compliance with federal banking regulations including, but not limited to Bank Secrecy Act, OFAC, Community Reinvestment Act, American with Disabilities Act, Right to Financial Privacy Act, Gramm-Leach-Bliley Act, the Federal Reserve’s “lettered” regulations, and Consumer Lending Specialist roles and responsibilities relating to each act.

• Represent Guaranty Bank & Trust Company professionally, efficiently, and tactfully
• Acknowledge and greet customers with a smile, call customer by their name, ask if they need any additional assistance, thank customer at end of every conversation
• Ensure continuing development of professional relationships with management and colleagues.
• Answer basic inquiries while complying with disclosure requirements, regulations and consumer privacy policies.
• Answer and assist incoming callers with questions and requests; subsequently route callers, as appropriate.
• Receive incoming bank visitors and assist in directing them appropriately.