The position of Senior Loan Administrator plays an important role for the Bank. With responsibility for mortgage loan documentation and administration, the Senior Loan Administrator is a critical part of the Bank’s mortgage function.
The position of Senior Loan Administrator involves, among other responsibilities outlined below, most all administrative and documentation aspects of producing a mortgage loan, working with the Mortgage Loan Originators and other Mortgage personnel from the time a mortgage application is received until the loan is closed, paid off, and released.
Assemble, prepare and review early disclosure documents for residential mortgage loans and, if the loan is approved, the Senior Loan Administrator will prepare all loan closing documents, ensuring accuracy and compliance. Documents to be produced utilizing the residential mortgage modules of the LASERPRO documentation system.
Review all documents for errors and confirm that pricing and program guidelines have been met.
Serve as a point of contact between all parties in the real estate closing transaction including communication with the title company to gather all necessary information for accurate document preparation and the coordination of the closing date and time.
Manage the funding and disbursement of assigned residential mortgage loan transactions.
Handle routine administration of mortgage loan accounts (including the setup of automatic loan payments, monitoring and following up on all past due loan payments).
Ensure the accurate and complete retention of all loan documents, responsible for imaging loan files in to the AccuAccount imaging system
Assist with the production and maintenance of pipeline reports.
Facilitate the transmission of loan files to the various auditing entities.
Follow-up as required to obtain title insurance policies, recorded documents and other post-closing documents.
Liaise between borrowers and personal bankers to encourage cross sell of other bank products as appropriate for the customer.
Keep up-to-date and trained on bank’s procedures, required bank compliance training, and required Federal and/or State credentials related to mortgage lending activities.
Provide back-up support to commercial loan administration staff when needed.
Maintain a professional work environment, demeanor and business-like appearance.
Adhere to all Federal and State laws and regulations applicable to the Bank.
Adhere to all Bank policies and procedures.
Perform other related duties periodically as required and assigned.
EDUCATION / EXPERIENCE / SKILLS
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual experience and abilities may result in some deviation from these guidelines.
At least five years of related experience and/or educational experience in mortgage documentation and operations. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be mortgage lending related. Prefer previous loan administration experience in a banking financial institution.
Experience generating, reviewing and distributing mortgage closing documents.
Advanced experience, knowledge and training in mortgage operation / documentation activities, terminology and related products and services.
Intermediate knowledge of related state and federal banking compliance regulations, and other Bank operational policies.
Intermediate to advanced level of knowledge with Microsoft Office products is preferred (Word, Excel, PowerPoint).
Experience with one or more of the following (or similar) software products is preferred: Finanstra LaserPro documentation software, Calyx Point loan operating software, financial institution core accounting systems, and AccuSystems documentation retention software.
Basic math skills suitable to working in a bank environment.
Current Colorado driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.
Effective oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and communicate clearly to customers and employees.
Ability to regularly address and resolve problems involving multiple facets and variables in non-standardized situations.
Effective organizational and time management skills.
Ability to work with minimal supervision while performing duties.
Additional Salary Information: •An annual bonus may be paid to eligible employees based upon organizational and individual performance
•Medical, dental and vision insurance
•Short-term and long-disability insurance
•Employer paid life insurance
•Employee Stock Ownership Plan
•Health Savings Account with company contribution
•Health Reimbursement Arrangement
•Paid-time off (PTO)
About Flatirons Bank
Flatirons Bank is a locally-managed independent bank founded in 2001 and based in Boulder, Colorado, offering an array of customized banking services that meet the needs of businesses and personal clientele. These services include: commercial and personal loans; treasury management products; checking, savings, and money market accounts; CDs, IRAs, and mobile and online banking platforms. Flatirons Bank takes pride in developing personal relationships with its clients while maintaining the highest level of professional service.
Flatirons Bank not only provides personalized banking services for its clientele, but its staff also personally contributes to making a difference in the Boulder County community through a variety of nonprofit associations. Flatirons Bank’s Boulder branch was the first in the county to achieve LEED Gold certification in 2009. The bank opened its branch in Longmont, CO, in April 2010.
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