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Senior Loan Specialist - Los Angeles

First Republic, Los Angeles California

Job Description
Senior Loan Specialist Century City, CA At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You'll always feel empowered and valued here. Incredible teams doing exceptional work, every day In Relationship Management Team Support, we document, process and underwrite both residential and commercial loans. We provide exceptional client service to internal and external partners. We support our Relationship Managers in all aspects of the loan process to ensure that we are delivering a seamless lending experience to our clients. Responsible for ensuring that all residential loans and are analyzed, underwritten and processed in a timely manner while achieving a high level of client service and maintaining all regulatory requirements. Responsibilities primarily focus on financial analysis, underwriting and relationship management. Individual must have extensive mortgage underwriting experience and a thorough understanding of the loan process from beginning to end. What you'll do as a Senior Loan Specialist: * Underwrite complex home loans and HELOCs for high net worth borrowers. * Analyze each loan file, ensuring the Loan Approval Worksheet (LAW form), loan narrative (if applicable), appraisal(s), application, preliminary title report and verifications meet secondary market and First Republic Bank loan program criteria and are accurately documented. * Review loan files within the company's paperless system for completeness and proper classification/organization and identify missing documentation or potential problems and generate needs lists for clients, Relationship Managers and Client Services Specialist. * Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State, investor requirements and bank policies are met and upheld * Communicate with Relationship Managers, and Client Services Specialist on collecting information and documentation necessary to finalize incomplete loan packages * Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements. * Maintains an open line of communication and correspondence between involved parties. This includes and is not limited to Borrower, Escrow, Title, ELC, RM, CS, Processor, Closer, Funder, Appraisal Desk, Rate Lock Desk, Investor Support Desk and third party vendors. * Manage loans through closing and funding stage. Work with escrow to satisfy all conditions and coordinate closings * Ability to meet productivity expectations in a fast paced, high volume environment with pipeline and conditions management, while maintaining good quality and client satisfaction results * Cross trains other team members, when applicable. * Perform duties & responsibilities specific to department functions & activities. * Providing excellent customer service and ensuring the customer relationship is maintained and the highest possible level * Performs other duties & responsibilities as required or assigned by supervisor. * Responsibilities include the following: 1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank. What skills you will use: * Bachelor's Degree or equivalent work experience * Underwriter Level III preferred * 5 years' experience in underwriting and related analysis, including experience with manually underwritten and/or non-conforming loan amounts * 3-5 years' experience in loan processing, * Extensive work experience in residential real estate loan underwriting is required. * Experience reviewing complex financial documents such as personal and/or business tax returns, K-1 schedules and financial statements * Knowledge with entity formation docs and trust agreement/certification preferred * Expert-level knowledge of overall lending processes, including underwriting, funding, and loan processing * Ability to prioritize multiple tasks in a deadline-driven environment; strong sense of urgency and responsiveness. * Strong organizational skills, with the ability to manage multiple assignments and priorities is essential while delivering desired results * Strong teamwork and partnering skills with ability to effectively manage the expectations of multiple internal/external constituents. * Excellent analytical skills; ability to quickly understand complex problems and recommend solutions. * Strong knowledge of complex personal and business financial
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