Job Location : Miami,FL, USA
Job Summary:
Responsiblefor portfolio monitoring while adhering to policy and reporting requirements. Oversee maintenance of Loan Portfolio documentationand for providing support as detailed below. Responsible for special assets overseeingnot limited to REO monitoring and handling as well as mitigation strategies andexecution. The CREDIT ADMINISTRATION OFFICER reports to the Creditadministration workout manager/ Senior Credit Officer providing support forCommercial Credit Administration, quality via preparation and delivery ofreports, independent appraisals, monitoring of ticklers and crosscheckingoriginated loans. Responsible fordrafting procedures as they relate to the credit administration and special assetsunits. May attend credit committees or other approval processes, as requested.Essential Responsibilities:
Supports SAG:
Interact with investors, brokers, loan offices, and attorneys with the sale distressed assets and portfolio not limited to providing loan document information, monitoring sales and the closings, process and keep track of deficiency judgements', generation of defaults letters, manage assigned portfolio of non-perming assets in conjunction with the assigned attorney; attend meditations and/or depositions. Coordinate with First Bank Florida attorney in negotiating; Preparing and reviewing Stipulation/Forbearance Agreements; management of all incoming bank REOs, preparation of Classified asset reports Oversee / manage the review of modification of cases as well as the loss mitigation process. Oversee the completion and accuracy of the Datamart data validation and certification.
Post-closing:
Review loan documentation to confirm proper signature, dates, and other relevant information, assemble and verify accuracy of loan documentation, including review of title commitment, Communicate with title company if any information is missing or was omitted from the closing package, Verifies in Encompass system HMDA screen, rate spread calculator, Lereta, UCD, OFAC, CCI , subsequent review and closing work sheet are in Encompass, prepare post-closing check list, run mavent report and make sure it passes, Once the post-closing is completed advice quality control the file is ready for quality control.
Ncino and commercial folder update:
Oversees creation of new loans and ticklers in the On-base system monthly as well as new folders for modifications, extensions, future advance, renewals, amendments, and emails PR to upload information. Ensures update of ticklers for existing loans daily. Confirms information is accurate and correct. Saves updated information in Bank's Commercial Lending share drive folder in a timely basis. Requests financial information via letters, emails or calls monthly. Supports opening of folders in the share drive for Commercial and Corporate new loans as soon as the Green Light or CAM is received.
Supports CRA reporting. Other Responsibilities:
Independence of Judgment:
Exercisesan intermediate degree of discretion and judgment, referring to establishedpolicies or standards for guidance. Items or issues beyond this level are referred to senior members of thecommercial and credit departments for resolution.
Supervisory Responsibilities:
This position may have two or three direct reports –administrative staff mostly but could vary to include other operational orsupport personnel.
Impact of Errors:
The impact of errors of this position could affectessential activities of administrative, operational or business nature thathave a considerable economic impact.
Physical Demands:
The physical demands described here are representativeof those that must be met by an employee to successfully perform the essentialfunctions of this job. Reasonable accommodation may be made to enableindividuals with disabilities to perform the essential functions.Specificvision abilities required by this job include close vision and distance vision.While performing the duties of this Job, the employee is regularly required tosit; use hands to finger, handle, or feel and talk or hear. The employee isoccasionally required to stand and walk. May be required to lift and move boxes or packages not exceeding 10pounds in weight.
Work Environment
The workenvironment characteristics described here are representative of those anemployee encounters while performing the essential functions of this job. Employees in this job work in an officeenvironment with a comfortable room temperature, good lighting, and quietconditions. May be exposed to externalelements when visiting other bank premises, government agencies, etc., asneeded.
Competencies:
Minimum Requirements
Disclaimer:
The above statements are intended to describethe general nature and level of work being performed by people assigned to thisjob. They are not intended to be anexhaustive list of all responsibilities, duties, skills required of personnelso classified. The reporting relationship may not reflect themost recent changes to the corporate reporting structure.
EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER
#J-18808-Ljbffr