Loan Operations Team Lead/Supervisor

City First Bank; Washington (District of Columbia); On-site; USD 80,000 - 85,000; Full time

Job summary

City First Bank is seeking a Loan Operations Team Lead/Supervisor to oversee and enhance the efficiency of the Loan Operations Department. This role is pivotal in ensuring compliance with regulations and facilitates excellent customer service, vital for the bank's focus on economic development in underserved markets. Candidates should possess a strong background in loan servicing and a drive to improve operational performance.

Qualifications

• Minimum five years related experience in loan servicing and operations.
• Strong knowledge of servicing commercial, construction, and real estate loans.

Responsibilities

• Supervises the Loan Operations Department and customer service.
• Ensures compliance with government regulations and bank policy.
• Provides training and supervision to department staff.

Skills

Servicing commercial loans

Knowledge of banking compliance

Education

High school or general education degree

Associates or Bachelor’s Degree in finance or business

Job description

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WHO WE ARE

Description

WHO WE ARE

City First Bank N.A. is a mission-driven Community Development Financial Institution (CDFI) principally focused on a transformative impact in underserved, urban markets with the highest needs to drive equitable economic development. Our credit activities are purely commercial and focused on the following segments: Multifamily Affordable Housing, Not-for-Profit Finance, and Small Business Finance. As a depository and commercial lending provider with over $1.3 billion in bank assets as of December 31, 2024, our unified organization has over 100 employees in Washington DC and Los Angeles/Inglewood, CA.

Role Summary

Supervises the Loan Operations Department, which includes the following:

• Loan Customer Service
• Loan File Management
• Responsible for Review of all Loan File Maintenance and New Loan Boarding
• Ensures accurate and timely servicing of the Bank’s Loan Portfolio.
• Ensures that Loan Service activities are completed in compliance with applicable government regulations and bank policy.
• Provides supervision and training to Department staff.
• Ensures quality customer relations and service.
  
  

Essential Functions And Responsibilities

• Ensures that all new loans are accurately boarded into the Loan Servicing Data System.
• Supervises workflow and delegates assignments.
• Prepares/Reviews Escrow Analysis for all Direct Lending loans on Escrow.
• Maintains the HMDA LAR for Direct Lending loans.
• Reviews new loans for FHLB Pledgeability.
• Ensures the GL Application balances for Direct Lending loans.
• Daily/Monthly GL Reconciliation for Direct Lending loan GLs.
• Flood Insurance Monitoring, Force Place Communication and Monitoring
• Supervises servicing of all Direct Lending loans, modifications, real estate taxes, hazard and flood insurance, payoffs, lien releases for paid off loans, billing statements and notices.
• Provides supervision and direction to the following functions:
  
  

General Customer Service

File Management

Core Loan System Maintenance

Department Workflow and Assignments

• Coordinates activities with appropriate loan officers regarding litigation.
• Assists manager with maintaining and updating the Loan Operations Manual.
• Ensures compliance with flood insurance regulations.
• Performs other duties as assigned.
  
  

Supervisory Responsibilities:

• Provides leadership and training to departmental staff.
• Participates in hire/fire/salary actions/decisions for departmental staff.
• Completes departmental performance evaluations as required.
  
  

Requirements

EDUCATION & EXPERIENCE

Required Education/Experience:

• High school or general education degree
• Minimum five years related experience in loan servicing and operations.
  
  

Preferred Education/Experience:

• Associates or Bachelor’s Degree in finance, business administration, real estate, or related field.
  
  

CERTIFICATIONS

• Not applicable
  
  

Knowledge, Skills, And Abilities

Required Knowledge & Skills:

• Strong knowledge of servicing commercial, construction, and real estate loans.
• Strong knowledge of related State and Federal banking compliance and loan regulations; bank operational and lending policies and procedures, and bank products and services.
  
  

Preferred Knowledge & Skills:

• Superior knowledge of servicing commercial, construction, and real estate loans.
• Superior knowledge of related State and Federal banking compliance and loan regulations; bank operational and lending policies and procedures; and bank products and services.
  
  

Salary Description

$80,000 - $85,000, annually

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management and Manufacturing

• Industries

  Banking

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