Loan Documentation Specialist-Residential Lending
Company: Community West Bank
Location: Goleta
Posted on: March 16, 2023
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Job Description:
Community West Bank team members support and foster the values
character, quality, people, community, and achievement. We live and
breathe these attributes with all we do. As an integral member of
the Manufactured Housing/Residential Lending team for Community
West Bank, this position will provide extraordinary customer
service to our internal team members and external customers,
exemplifying the Bank's values and our dedication to quality and
service. This position will have direct responsibility as a
Manufactured Housing/Residential Lending team member to assist in
the accomplishment of the Department Business Plan goals and
objectives. This position will elevate the team as a member of the
Bank's high-performance culture that emphasizes empowerment,
quality, productivity, ethical standards, goal attainment and the
ongoing development of CWB's vision to become the bank of choice
for small and medium-sized businesses, professionals, and
individuals in the markets we serve. We will combine steady growth,
consistent earnings, and control risk to provide a safe and sound
bank. Our people will be the difference, delivering an unparalleled
experience to our clients, establishing consistency in earnings and
enhanced shareholder value.
JOB OVERVIEW/PURPOSE
The Documentation Specialist works directly with other department
lending team members, loan customers and Escrow companies to
document and close residential loans while providing quality
service for Bank customers purchasing a new home. This position
takes responsibility for accurately preparing loan documents,
funding and closing loans. This position performs all essential
duties in compliance with regulatory requirements as well as Bank
policies and procedures.
Essential Duties
* Prepare and draw loan documents according to the bank guidelines
for approved loans
* Data entry as needed for loan documentation
* Determination of all escrow requirements
* Review documentation to ensure all conditions/terms, etc are
compliant and conform to Bank policy.
* Review executed loan documents and other information to assure
all Bank approval requirements are met to allow loan funding to the
closing agent as required by policy.
* Coordinate with Underwriters and Loan Officers on approval and
funding conditions and perform follow up if required
* Review evidence of hazard insurance to ensure information is
correct and adheres to Bank policy
* Coordinate loan funding with Credit Operations Department
* HMDA reporting for all funded loans
* Scanning loan files as necessary
* Issue First Payment Letters to borrowers and Letters to Rental
and Co-Op mobile home parks
* Meets response and resolution times as defined in service level
agreements and/or service requests, and follows established
processes to meet service level commitments
* Cross trains in other job functions as required
* Completes all required regulatory training as assigned within
deadlines established including BSA, Bank Security and any other
training as assigned, within required timeframes and on an annual
basis
* Other duties and/or projects as assigned by supervisor
Community West Bank is an EEO/AA/Disability/Vets Employer.
Reasonable Accommodations may be made to enable individuals with
disabilities to perform the essential functions of this
position.
Experience and Skills
* High School Diploma or an equivalent combination of education and
experience
* Previous experience in loan processing or documentation
preferred
* Comparable experience working in a detailed environment with
documents is preferred
* Familiarity with escrow and title processes is preferred
* Detail Oriented and well organized
* Awareness of operational responsibility for Regulatory and Audit
issues
* Ability to work in a manner consistent with having a high level
of integrity, honesty, courage, and loyalty
* Providing high quality customer service whether to the internal
or external customer
* Ability to put people first in all aspects of your position
* Work with the intent of the betterment of our community
* Ability to effectively comprehend and interpret Bank policies and
procedures in the work environment
* Ability to work independently and collaborate effectively as a
team member
* Ability to exercise good judgment in making decisions
* Ability to work under pressure, prioritize and meet deadlines
* Ability to complete tasks within prescribed time frames
* Ability to manage and develop personnel resources
* Ability to disseminate information and guidelines clearly to
employees and check for understanding
* Exhibit high degree of professionalism in handling and having
access to sensitive information, and protect and maintain that
confidential information
* Excellent interpersonal skills to communicate effectively with a
wide range of employees and customers.
* Professional in appearance, and in verbal and written
communication
* Proficient with: MS Word, Excel, Outlook, Internet
Job Benefits
Compensation: Salary ranges from $50,000 to $68,000 per year. The
salary range is determined by the role, job duties, and position
level and reflect the minimum and maximum target for new hire
salaries. Within the range, individual pay is determined by job -
related skills, experience, and relevant education or training.
Generous vacation leave policies including additional sick days and
all Federal holidays off
Employer paid medical, dental and vision insurance for the
employee
401k with employer contributions
Annual cash incentive plan
Free financial and retirement planning services
Ancillary benefits available include critical illness & accident
insurance, legal and identity theft protection, pet insurance
Keywords: Community West Bank, Santa Barbara , Loan Documentation Specialist-Residential Lending, Other , Goleta, California
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