Loan Processing Manager in Memphis, TN at Vaco

Date Posted: 1/30/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Memphis, TN
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    1/30/2020
  • Job ID:
    LOANP24255

Job Description

JOB SUMMARY

The Loan Processing Manager is responsible for the loan function from the time of application/approval to closing. This position supervises the staff members involved in loan processing, coordinates all third-party service providers, creates loan documents and facilitates loan closings with officers and their customers.

KEY RESPONSIBILITIES

  • Supervise the Loan Processors and the Loan Processing Assistant and manage the workflow in the department.
  • Work with Compliance Officer to ensure adherence to all applicable regulations and inform the Compliance Officer when issues arise, and violations occur.
  • Serve as Onboard Administrator which includes adding new products, setting up templates, reviewing regulation changes and updating software parameters.
  • Ensure the Home Mortgage Disclosure Act (HMDA) data is collected and recorded for applicable loans.
  • Assist Risk Manager with the Approved Attorneys and Appraisers List.
  • Improve and assist with the process of tracking exceptions on new loans.
  • Assist and serve as the backup for the Loan Operations Manager for payroll approval and supervision of all loan operations staff.
  • May perform other duties as required.

JOB SPECIFICATIONS

Education

College Degree with courses in accounting and finance

Experience

Minimum of ten years of experience in loan operations/processing.

Skills

  • Basic math skills
  • Basic accounting skills
  • Good computer skills with a working knowledge of Microsoft Office business applications

Attributes

  • Trustworthy
  • Dependable
  • Ability to work with various types of people
  • Flexible
SUPERVISION

This position is supervised by the Loan Operations Manager who is in the same office as the incumbent. The incumbent will function with very little direct supervision

SUPERVISION EXERCISED

This position supervises five Loan Processors and one Loan Processing Assistant.

WORKING CONDITIONS

Environment

Typical office environment with no exposure to loud noises, large temperature fluctuations, or unnecessary interruptions.

Physical Requirements

The incumbent will sit about 90% of the time and may lift between five to 12-pound objects very occasionally. The job requires working on a computer for extended periods of time.