Loan Processing Review I

First Financial Bank Texas; Abilene (TX); On-site; USD 60,000 - 80,000; Full time

Job summary

First Financial Bank Texas in Abilene, TX seeks an experienced loan review professional to ensure loan files meet all federal/state regulations and bank policies. You will coach loan processors and advise management on compliance patterns.

The role requires reviewing disclosures, documents, and accuracy across loan packages, while maintaining deadlines and high attention to detail.

Qualifications

• 36 months of loan processing experience required.
• Bachelor’s degree preferred.
• Excellent verbal and written communication skills.
• Ability to meet deadlines with great attention to detail.
• Knowledge of TRID, Reg. B, HMDA, Flood, QM/ATR.
• Familiarity with bank policies and procedures.
• Proficient with loan processing software or related lending systems.
• Proficient with Microsoft Office Suite or related software.

Responsibilities

• Review loan disclosures prior to delivery to customers.
• Review documents needed for a complete loan package (credit report, flood, appraisal, title work, etc.).
• Review each loan file to verify documents are present, accurate, and complete.
• Ensure loans are compliant with Federal and State law and bank policy.
• Document errors or concerns and follow up with the processor to ensure file is compliant prior to closing.
• Alert processors and management when a file may not be compliant and provide guidance to correct.
• Adapt to change in the work environment, manage competing demands, and handle frequent changes.
• Perform all other duties as assigned.

Skills

Verbal and written communication

Attention to detail

Time management

Independent/proactive

Critical thinking

Regulatory knowledge (TRID/Reg B/HMDA)

Loan processing software

Microsoft Office Suite

Education

High school diploma or equivalent

Bachelor’s degree preferred

Tools

Loan processing software

Microsoft Office Suite

Job description

Address

We’re always looking for bright individuals to join our growing organization. As a part of the First Financial Family, we will invest in your development and provide a dynamic work environment where you’re challenged, valued and empowered every day. We strive to be the best destination for the industry’s top talent, creating a diverse, collaborative workplace that celebrates innovation and change. We are one team, working together to get things done.

Job Description

Office Location: Abilene, Texas, United States

Scope/Responsibilities

Incumbent has limited contact with lending staff and frequent contact with loan processing team and management. The incumbent will be required to review loans prior to final documents being delivered and to advise loan staff on changes because of the review. Incumbent must be able to utilize their expertise to effectively apply bank procedures and ensure loans are compliant with both Federal and State regulations. Incumbent will be required to coach and mentor loan processors and advise management on both positive and negative patterns being observed. Must exercise independent judgment and decision-making in routine situations. The ability to delay or stop a loan closing based on the findings of their review may be required. Assist with routine problems and resolve or refer to supervisor or other departments as needed.

Essential Functions

• Review loan disclosures prior to being delivered to customers
• Review documents needed for a complete loan package (credit report, flood, appraisal, title work, etc.).
• Review each loan file to verify documents are present, accurate, and complete.
• Ensure that loans are compliant with Federal and State law as well as with Bank policy.
• Document errors or concerns and follow up with the processor to ensure file is compliant prior to closing
• Alert processors and management when a file may not be compliant with State or Federal law and provide guidance with how to correct.
• Adapt to change in the work environment, manage competing demands, and handle frequent changes.
• Perform all other duties as assigned.

Minimum Qualifications

• High school graduate or equivalent certification with 36 months of loan processing experience required.
• Bachelor’s degree is preferred.
• Excellent verbal and written communication skills.
• Excellent interpersonal skills with the ability to understand and discuss complex loan scenarios.
• Ability to work on deadlines with great attention to detail.
• Proactive and independent with the ability to take initiative.
• Excellent time-management skills with a proven ability to meet deadlines.
• The ability to think critically and find alternative solutions.
• Must have a good understanding of applicable regulations, including but not limited to TRID, Reg. B, HMDA, Flood, QM/ATR
• Must be familiar with Bank policies and procedures.
• Proficient with or the ability to quickly learn loan processing software or other lending systems.
• Proficient with Microsoft Office Suite or related software.

The above statements reflect the general details considered necessary to decide the principal functions of the job identified and shall not be construed as a detailed description of all work requirements that may be inherent in the job.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)