*LOAN BOARDING SPECIALIST*
WHAT IS THE OPPORTUNITY?
Reviews all requests for boarding & funding for approval, completeness & accuracy. Boards new and renewed consumer, commercial and mortgage loans. Processes advances, payments & payoffs on various loan products. Maintains Guarantor records on the loan system. Performs all maintenance, calculate and adjust interest and fee accruals. Determines causes of rejected items and process corrections. Balances work and prepare appropriate GL entries to various cost centers as required.
WHAT WILL YOU DO?
* Loan Account Set Up and OFAC Reporting and Compliance – Set up all entities, including borrowers, co-borrowers, and guarantors. Additionally, for all parties to the credit, ensure CIS records have been established prior to funding the loan. Recognition of the parties to the loan is determined from the CIS Addendum. Obtain waivers from compliance as needed.
* Loan Boarder is responsible to be familiar and unde...