Job Information
Northwest Bank of Rockford Indirect Lending Specialist in Rockford, Illinois
This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/12020969
Position Summary:
Performs a wide range of sales, service, and technical support for Indirect Lending Relationship Manager while providing superior customer service to Indirect Lending Customers. Assists Relationship Manager with the servicing and development of prospective and current business relationships. This high contact position is also responsible for the processing, and documentation of indirect loans. Responsible for managing Loan Origination System including credit policies and rate tables.
Primary Responsibilities:
- Understands consumer and indirect lending regulation and legislation and applies knowledge to processes, daily operations, and record keeping.
- Verifies loan application and support documentation for completeness and accuracy.
- Validates and clears all underwriting stipulations prior to funding.
- Completes timely and accurate funding of closed loans utilizing ACH processing.
- Ensures all operational processes are complete and accurate in accordance with polices and thresholds set by Northwest Bank.
- Reviews closed loans to ensure full completion, proper documentation, and transfer of needed information to Northwest Bank Operations and document imaging program.
- Mails welcome letters, denial letters, and additional correspondence in accordance with Northwest Bank policies and industry regulations.
- Manages rate tables, credit policies, and all other parameter settings within Loan Origination System.
- Verifies and posts monthly dealer reserve payments through ACH.
- Accurately performs process to board and participate funded loans. Ensures compliance with all Bank policies and procedures and all applicable state and federal banking laws, rules and regulations including Bank Secrecy Act and Anti Money Laundering to assist management in monitoring for suspicious activity, money laundering, or other illegal customer activity.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.