Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants with a disability who need assistance applying for a position with Associated Bank are asked to email: careers@associatedbank.com
Job Summary
Under moderate supervision, thoroughly analyze closed loan file documentation to ensure quality assurance and accuracy to meet regulatory, investor and Associated Bank requirements for all channels (Retail, Correspondent, and Wholesale). Monitor, initiate and reconcile fundings for service released and retained investors, CRA bulk purchase and Third Party Originated (TPO) lenders. Ship closed loan files/images to investors for settlement. Reconcile investor suspense and compliance findings. Interact and follow-up directly with customers, title companies,TPO clients, loan coordinators, loan processors, loan closers, underwriters, loan officers, account executives, external vendors and servicing personnel to aid in correcting closed loan file documentation. Escalate critical and regulatory findings to compliance and/or legal departments for guidance and clarification for resolution.
Job Accountabilities
Verify mortgage loan transactions were closed as approved by underwriting, reviewing collateral and all other closed mortgage documents for all channels (Retail, Correspondent, and Wholesale) including portfolio and secondary market loans including FHA, Fed VA and GRH products. Files are to be analyzed for accuracy, completeness, and compliance with agency and investor, regulatory and Associated Bank requirements. This includes reviewing the entire closed loan file documentation for all regulatory disclosures, security instruments and title for clear enforceable lien. Responsible for running Early Check for validation of Underwriting data integrity and HMDA data. Responsible for running Pred Protect and perform manual High Cost Tests for all loans to ensure loan closed within regulatory and statutory guidelines. Monitor FEMA Website daily for disasters within our lending footprint. Checking LE/CD for APR and Finance charge accuracy. Validating KYC error reports. Reconciling all errors and reporting violations to compliance and/or legal and management. Attention to detail, ability to multi task and manage interruptions.
Compilation and reporting of all errors and omissions to upper management for accountability enforcement. Interact and follow-up directly with customers, title companies, TPO clients, loan coordinators, loan processors, loan closers, underwriters, loan officers, account executives, external vendors and servicing personnel to correct closed loan file documentation. Create mortgage loan packages to cure any deficient documents found in closed loan file documentation analysis; including but not limited to; verification of income and assets as required by the underwriting approval and AUS findings. When necessary resubmit to AUS if deficiencies are found during analysis of closed loan file that exceed specific agency and investor tolerances. Consult with the manager to resolve all files that do not meet underwriting and/or agency, investor and regulatory requirements. Including notifying underwriting to self-report errors to applicable agency and investors.
Request and follow-up on all outstanding Final Documents with title companies and TPO Lenders. Track and analyze final documents including problem resolution. Examine final documents for completeness, accuracy and compliance with agencies, investors and Associated Bank requirements. Log and ship any Final Documents to investors by delivery time frame to avoid any risk of penalties.
Monitor, initiate and reconcile fundings for service released and retained investors, CRA bulk purchase and Third Party Originated (TPO) lenders. Individual wire limits as approved by pertinent managers.
Ship closed loan file documentation to investor through investor portals. Ship collateral packages to investor through overnight courier by delivery time frame to avoid any risk of penalties. Update the pipeline and risk management system to insure accurate tracking and reporting for FASB133.
Education
High School Required
High School or equivalent combination of education and experience Required
Experience
2-4 years Mortgage, Consumer or Commercial Lending, Banking or title company background. In addition, Insurance or medical background Required
Compliance Statement
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR. Responsible to report ethical concerns as needed to Associated’s anonymous Ethics Hotline.
Associated Bank is committed to working diligently with any colleague who needs an accommodation perform the essential functions of the job. Please contact the Leaves & Accommodations office to request an accommodation.
