Lead Specialist, Loan Operations

Summary of the Job:

At FNBO, our employees are the heart of our story—and we’re committed to their success! Please see below the details of this career opportunity and how it fits into our organization’s success.

This role is to collect and prepare documents for closing loans, coordinating the process, reviewing the docs for errors, and when necessary, taking action to correct said error(s) and learning from the errors. Maintaining a learning mindset demonstrates motivation to learn something new and willingness to make changes.

• Document Coordination:
  • Determine the appropriate documentation and coordinate the preparation of Laser Pro loan documents or between attorneys and the lending staff.
  • Review and analyze credit transactions to determine the appropriate documentation to utilize for each loan. Communicate any questions and issues to the lender and management if appropriate.
  • Utilize legal counsel when appropriate and in conjunction with lenders and lending management. Review attorney prepared loan documentation to ensure that the documentation has been prepared in accordance with approved deal and that all applicable compliance issues have been addressed.
  • Analyze collateral requirements and ensure that the necessary documentation prepared and in place to evidence the debt and perfect the bank's security interest.
  • Review loan agreements to ensure that they are consistent with financial monitoring requirements and loan covenants as approved by loan committee.
  • Review participation certificates to ensure they are consistent with the loan memo/deal as approved and appropriately elevate any discrepancies to the lender FN Operations management as necessary.
• Post-Closing Documentation Review and Communication:
  • Review loan transactions after closing to identify any documentation deficiencies or compliance issues. Communicate issues to lenders, lending unit management and department management. Submit completed files to FNTO Loan Servicing for booking.
  • Review transactions for any purchased participations to ensure that all required financials and documents have been received and that the appropriate ticklers are established.
  • Review attorney prepared loan documentation to ensure that it has been properly executed and that all applicable compliance issues have been addressed.
  • Communicate file review findings and issues to lenders, lending team management and FNBO management as appropriate.
  • Route all applicable documents to imaging system.
• Collateral Management:

  Follow up to ensure that all security interests in collateral have been perfected and ticklers have been established correctly.

  Follow up on all collateral and lien perfection documentation such as real estate title policies and UCC filings to ensure that they are appropriately recorded or filed and received in a timely manner.

  Review due diligence and doc checklist to ensure that all appropriate collateral documentation has been received and establish the proper ticklers to track any ongoing needs or noted file deficiencies.

• Exception Processing:

  Assist lending staff with the correction of exceptions and deficiencies.

  Participate in regularly scheduled, monthly T  meetings with lenders, analysts, and appropriate management.

  Assist in researching Loan Review documentation exceptions and establishing the proper ticklers to note and track file deficiencies.

  Assist lenders and lending team management in the correction of outstanding exceptions.

  Communicate any significant issues to FNO management.

• Compliance:

  Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job.

  Complete compliance training and adhere to internal procedures and controls, as required.

  Report any known violations of compliance policy, laws or regulations.

  Report any suspicious customer and/or account activity.

  Review pending loan transactions to determine what regulations are applicable, and follow up to ensure compliance. Diligence is required in relation to FDPA, FIRREA, Reg B and US Patriot Act.

  Identify any legal, policy or regulatory issues and communicate such to lenders, lending team management and FNO management as…