Description :Job Title: Loan Operations Specialist IVPrimary Purpose: (Summary of major reason this job exists)To ensure proper documentation of all consumer loans including compliance with federal and state regulations with special attention on consumer regulatory requirements of the CFPB, FDIC, etc.Principal Duties and Responsibilities: (Majority of duties performed, but not meant to be all inclusive or to prevent other duties from being assigned)Review all loan consumer purpose applications (requests for credit) and enter remaining information that is necessary for Consumer Lending Services to be able to make a credit decisionComplete and mail to the customer any preliminary disclosures that are requiredVerify and image property tax, hazard insurance, and appraisal information prior to closingClosely monitor any changes made to a loan once preliminary disclosures have been mailed. If changes are needed updated disclosures are prepared and mailed by the departmentWork with Title Company, Attorney and/or lenders to prepare Closing Disclosure.Assist lenders with understanding the issues that are identified in loan applications prior to closing and guide them to the correct sources of information to obtain a solution that eliminates the compliance issueMaintain knowledge of applicable Federal Regulations and assist in the implementation of corporate compliance with current regulations, changes in regulations, and the addition of new regulationsAble to research regulatory questions that occur outside of the normal realm of day to day loan transactionsBridge relationship between lending staff, regional loan coordinators, compliance staff, and central loan operations to achieve consensus on issue resolutionUnderstand practical application of Cadence Bank lending policies and proceduresMaster Platform 2 with a skill set that exceeds that of a standard end user.Develop policies and procedures as they relate to pre-closing compliance reviewPerform peer reviews of actions taken on loans reviewed to create standards and consistency among department membersObtain applicable Regulatory certifications as deemed applicable to job dutiesProvide support and training for the lending staff and central loan operations that must understand Federal regulationsJob Specifications: (Knowledge, skills, and abilities normally required for competent performance in the job)High school diploma or equivalentTwo - Four years of loan preparation and processing experienceKnowledge of state and federal lending regulations preferredGood computer skills (Microsoft Word, Microsoft Excel)Close attention to detail and good organizational skillsAbility to work under tight deadlinesEducation : High SchoolExperience : 2 years: loan preparation and processing experience
