Job Description Summary
Under direct supervision, uses knowledge and skills obtained through training and experience to process loans that may be to individuals, trusts or entities and complete tasks associated with preparation of the loan approval and/or closing documents. Follows established procedures to perform a variety of tasks requiring some evaluation, originality, or ingenuity in making decisions. Recommends solutions to moderately complex problems and refers more complex issues to a higher level. May contact financial advisors and clients to obtain, clarify, or provide facts and information and/or identify, research, and resolve problems.
Essential Duties and Responsibilities:
- Obtains required documentation and processes more complex loan applications.
- Orders credit verifications and third-party services.
- Tracks receipt of and completeness of legal documents, loan, and financial information. Follows up on missing documentation.
- Verifies loan applications and supporting documents for accuracy and completeness.
- Assists financial advisors and clients with moderately complex inquiries or problems.
- May prepare and compile documents for loan closing.
- May prepare or review disclosures for accuracy including Good Faith Estimates of closing costs, Regulation Z disclosures, and other disclosures required by consumer regulation.
- May perform initial credit analysis submission via automated underwriting, as requested.
- May schedule and coordinate loan closings and clear loan proceeds for disbursement.
- May prepare compliance and accounting records and reports, as required by management and regulatory agencies.
- May perform routine loan calculations.
- May perform pre-closing, post-closing, or whole loan due diligence review of legal agreements and other closing documents.
- May prepare financial advisor and client communications regarding loan and loan terms.
- May be responsible for reviewing property and liability insurance to ensure it complies with bank policy and procedure.
- May independently prepare data input sheets and provide required information for loans to be boarded on the banks servicing system and ensure all loan coding is correct.
- May work with attorneys and other financial or legal resources to obtain the correct, accurate documents to fully protect the financial institution’s interests in the credit relationship.
- Maintains currency in loan processing policies and procedures.
- Performs other duties and responsibilities as assigned.
Knowledge of:
- Intermediate level concepts, practices, and procedures of loan processing and documentation.
- Basic principles of banking and finance.
- Financial markets and products.
- For Mortgage position, Fannie Mae, and Freddie Mac underwriting guidelines.
- For Mortgage position, multi-state real estate, closing, and title practices.
- Federal and state lending laws.
- Loan origination software packages.
Skill in:
- Processing more complex loan applications.
- Verifying loan applications and supporting documents for accuracy and completeness.
- Preparing loan approval and/or loan closing packages.
- Preparing records and reports.
- Performing routine loan calculations.
- Operating standard office equipment and using required software applications.
- Solid analytical and problem-solving skills.
- Reviewing and interpreting residential and consumer documentation and terms.
Ability to:
- Read, interpret, analyze, and apply information from loan application documents.
- Interpret and apply policies.
- Organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.
- Communicate effectively, both orally and in writing.
- Work independently as well as collaboratively within a team environment.
- Handle stressful situations and provide a high level of service in a calm and professional manner.
- Establish and maintain effective working relationships.
General Experience - 7 to 12 months, Manager Experience - 0 to 3 months
Travel
Less than 25%
Workstyle
Hybrid
The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
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