Loan Regulations Specialist I Position Available In Broward, Florida
Tallo's Job Summary: This job listing has been recently added. Tallo will add a summary here for this job shortly.
Job Description
Loan Regulations Specialist I Amerantbank – 3.6
Miramar, FL Job Details Full-time Estimated:
$45.8K – $58.9K a year 1 day ago Qualifications Microsoft Powerpoint Microsoft Word Microsoft Excel Mid-level Microsoft Office 3 years Bachelor’s degree Accounting TILA Associate’s degree Banking Full Job Description The Loan Regulations Specialist I is responsible for the on-going monitoring of the loan regulations impacting the loan operations area. Responsibility includes the on-going monitoring of the outstanding loan portfolio under the flood program and other loan regulations as well as the post closing review of new and renewed loans to ensure compliance with certain government regulations(as described below).
Responsibilities:
On-going monitoring of the outside flood vendor processes, ensuring that flood insurance documentation is provided accurately and timely and that vendor’s records are up-to-date at all times to ensure compliance with flood regulations at all times. Oversee the force placement letter cycles, ensuring it adheres to the regulatory requirements Assist in all audits (internal and external) related to Flood regulation Ensure that for the outstanding loan portfolio, the Bank is in compliance with loan servicing regulations such as: Reg. “O” (loan codification), Reg. Z (Heloc Statements), RESPA (Escrow Analysis), Fair Credit Reporting Act (Credit Bureau reporting and disputes), as it pertains to Loan Operations responsibilities. Responsible for the post-closing review of all new and renewed loans to ensure they are in compliance with certain applicable loan regulations (under the scope of responsibility described in the Departmental procedures)such as: all aspects of Flood program requirements, Reg. O (ensure loan is properly coded when identified as a Reg O Loan), RESPA (ensure escrow analysis is in balance), Reg. Z (ensure no violations exist related to Rescission period when applicable) Stay abreast of changes to federal regulations that might directly affect the loan operations area. Recommend policies and procedures changes needed to maintain a streamlined and secured process to the immediate supervisor, To identify, evaluate, monitor and make any recommendation deemed necessary to their respective Risk Management Committee in order to assess, reduce, eliminate or control any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules regulations, prescribed practices, internal policies and procedures or ethical standards. Assist Department staff when needed. Minimum Education and/or
Certifications Requirements:
An associate degree and vocational training in flood regulation are required. Bachelor’s degree preferred or comparable experience in lieu of education.
Minimum Work Experience Requirements:
Three to five years experience in banking and real estate loan regulations Technical and/or
Other Essential Knowledge:
Strong knowledge in all aspects of the Flood federal regulations. Strong knowledge in insurance policies, escrow and NFIP guidelines required. Loan accounting experience preferred. Previous experience with MS Office including MS Word Level II, MS Excel Level II and MS PowerPoint Level I
