Description
Responsibilities include, but are not limited to:
- Assist Lenders in procuring documentation and information essential to loan application processing and ongoing portfolio management.
- Review approval for accuracy, and coordinate revisions, as necessary.
- Assist lenders with providing superior customer service to existing customers by resolving issues and providing accurate and timely information.
- Engage Attorney or Doc Prep to prepare documents for closing.
- Collect due diligence needed to close loans in accordance with approval.
- Act as liaison with attorneys and lenders and coordinate closing dates.
- Obtain all necessary Insurances and ensure sufficient coverage requirements are met prior to closing.
- Responsible for upholding and enforcing all stated Bank policies.
- Process loan payments, draws on lines of credit, payoffs and credit advances.
- Monitor pipeline reports to ensure timely closings.
- Carefully review loan documents for closing to ensure accuracy, close loans when necessary.
- Review Title Commitment and Final Title Policy for accuracy.
- Clear any documentation exceptions.
- Communicate with Lenders any issues that arise prior to closing.
- Order items necessary to complete the file.
- Prepare Commitment Letters when required.
- Disburse loan proceeds at closing.
- Prepare booking packages post-closing.
- Implement new procedures in accordance with policy changes.
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