Loan Closing & Insurance Officer at New York Community Bank in Hicksville, New York

Job Description:

EDUCATION AND EXPERIENCE

• Bachelor's degree preferred, education inclusive of college or practical experience and related seminars preferred.
• Minimum of six (6) years related experience.
• Prior loan compliance experience a plus.

KNOWLEDGE, SKILLS AND ABILITIES

• Excellent knowledge of federal and bank regulations relating to lending.
• Excellent knowledge of loan origination, processing and closing.
• Knowledge of loan documentation, terminology and federal and state insurance requirements.
• Computer literate with proficiency in Microsoft Office applications; Excel, Word and Outlook.
• Excellent communication skills.
• Detail oriented.
• Excellent planning and organizational skills.
• Ability to use discretion while making work decisions.
• Ability to work independently as well as in a team.

NEW YORK COMMUNITY BANK.

Based in Westbury, NY, New York Community Bank is a New York State-chartered savings bank serving customers throughout Metro New York, New Jersey, Ohio, Arizona and Florida. New York Community Bank serves customers through over 200 branches featuring a divisional structure: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves.

To learn more about the NYCB Family of Banks visit us at www.MyNYCB.com .

Help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

NYCB is an equal opportunity employer that prohibits discrimination on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information and any other classification protected by applicable federal, state, or local law or ordinance.

This policy against discrimination applies to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. NYCB will consider reasonable accommodations for employees and applicants with disabilities, as well as accommodations that are necessary for an employee to practice their religious faith. JOB SUMMARY

A Loan Closing & Insurance Officer processes and performs reviews of Flood and Hazard Insurance policies in conformance with applicable policies and procedures to support loan closings. In addition, the Closing and Insurance Officer coordinates secondary loan file reviews for multi-family and commercial real estate loans to facilitate clearance to close.

ESSENTIAL FUNCTIONS

• Liaises with Bank Approved Insurance Consultant, Loan Closing Manager, Loan Officers, Loan Closing Officers, Bank Attorneys, Broker/Borrower Contact, and others as needed to address questions, resolve problems, and establish insurance requirements prior to closing.
• Prepares draft Bank flood insurance requirements, including but not limited to determining policy limits and building occupancy classification, via the completion of a Calculation of Required Flood Insurance.
• Coordinates the review and approval of property, liability, flood, and other required insurance when such review is performed by an outside Bank Approved Insurance Consultant.
• Tracks and monitors the progress of insurance reviews performed by outside insurance consultants, and updates NewGen fields and other tracking reports as appropriate.
• Liaises with Bank Attorneys, brokers and Loan Officers to resolve closing conditions prior to closing.
• Performs final review of files in order to clear for closing.
• Performs follow-up with Loan Officers, Underwriters, Bank Attorneys and brokers to ensure that all missing documentation is received prior to closing.
• Responsible for compliance with all applicable Federal, State and Local rules and regulations.
• Performs special projects, and additional duties and responsibilities as required.
• Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.