Loan Quality Control Specialist at Pathfinder Bank – Oswego, New York

Summary/Objectives

Responsible for implementing, testing and monitoring quality control processes and procedures both operational and compliance related for the Loan Department.

Essential Functions

1. Prepares and distributes the Daily Tracking Review Sheet which monitors internal SOX controls in relation to loan funding, loan boarding, and loan review timelines.
2. Performs post-closing review on all Residential and Consumer loans booked to our core system for data accuracy and compliance. Analyze all executed documents for accuracy and completeness.
3. Identifies and tracks errors during Quality Control reviews and follow up with loan officers or other team members to ensure that acceptable corrections are made to satisfy documentation and compliance requirements
4. Performs all File Maintenance and Monetary Reviews for any transaction performed within the Loan Department for accuracy and completeness. Monitors and tracks any corrections and or missing items identified in review.
5. Performs Fannie Mae Residential Prefunding Quality Control review on a monthly basis per the Fannie Mae Guidelines
6. On a quarterly basis review the accuracy of our tax payments, insurance payments and force placed insurance payments.

Secondary Functions

1. Assists in the management of all regulatory examinations.
2. Monitors the timely follow-up of loan satisfaction paperwork.
3. Review department internal and external reporting to include Board of Directors loan reports for proper reporting, including modified loan report for TDRs, to ensure proper documentation and approval.

Competencies

• Customer Service Expertise
• Basic Computer Skills
• Communication
• Customer Focus
• Creative Thinking
• Professionalism
• Business Fundamentals

• A four year degree in Business Administration, Accounting, a related field or equivalent experience.
• Intermediate computer skills, including a proficiency in Microsoft Office
• Strong interpersonal and communication skills
• A proactive problem solver
• Ability to pay attention to detail and multitasking abilities
• Knowledge of Federal and State Banking Regulations
• Ability to work with minimum supervision and under time constraints
• Basic mathematical skills including good knowledge of loan related credit/debit transactions involving advances, interest calculations and fees required

Preferred Education, Experience and Qualifications

• Two years of work experience in banking or a related field in loan documentation, loan compliance, lending, record management, or a closely related field
• Strong knowledge of Bank’s software systems including: Easy Lender, Word, Excel, Interact, Advisor and Miser
• Strong knowledge of Bank’s loan policies and guidelines
• Strong understanding of CRA, HMDA, CIP, BSA and OFAC desirable