Commercial Loan Quality Control Administrator II at New York Community Bank in Hicksville, New York

Job Description:

EDUCATION AND EXPERIENCE

High School Diploma or equivalent. Bachelor's degree preferred and/or equivalent relevant work experience within Commercial and Mortgage Lending. Two years mortgage lending experience.

KNOWLEDGE, SKILLS AND ABILITIES

Basic knowledge of Bank's mortgage products and services. Basic knowledge of mortgage documentation. Excellent knowledge of Microsoft Word, Excel and Outlook. Detailed oriented with good organizational skills. Good communications skills. Good analytical skills.

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

Responsible for the Quality Control review of all Mortgage and Business loan credit and legal files to ensure compliance and accuracy of loan documentation. Perform quality control reviews of some of the more complex loans, inclusive of Participations and Non-Real Estate loans. Monitors, tracks and coordinates the movement of loan files within the unit.

ESSENTIAL FUNCTIONS

Performs a quality control review of the entire credit and legal file for all Mortgage, Cooperative Apartment, Commercial Real Estate, Construction, Unsold Share, and loans up to $49 million, to ensure that the loans are in compliance with Bank policies and that all required documentation specific to that loan type has been received and accurately reflects the Bank's terms. Performs the review of some of the more complex loans, including loans on office/retail units, construction loans, assumptions, transfers of ownership interest and loan modifications. Ensures that special conditions, such as debt service and escrow reserves, loan consolidations etc., are properly executed. Performs a quality control review of all Non Real Estate loans, such as Loans on Other Assets, Accounts Receivable, Inventories, Equipment and Taxi Medallion, to ensure that the loans are in compliance with Bank policies and that all required documentation specific to that loan type is received and accurately reflects the Bank's terms. Reviews the legal documents for all Mortgage, Cooperative Apartment, Commercial and Construction loan closings to ensure that the terms and conditions, as stipulated by the Bank, are properly and accurately reflected in the legal documents. This review entails ensuring that all loan terms such as, loan amount, interest rate, loan term, maturity date, indexes, monthly payment, interest rate change dates, are correctly stated in the legal documents. In addition, where required, must ensure that any required special language related to assumptions, forbearance, cross default/collateralization, secondary financing, condominium release etc., is reflected in the legal documents as specified by the Bank. Creates reports from the Access database for outstanding attorney follow-up items, the tracking of loan documents to be recorded and pending title policies. Communicates with closing attorneys and title companies regarding the receipt of trailing documents. Ensures that all modifications to the commitment and loan approval are properly authorized; that credit and OFAC was run on the proper individuals and entities. Reviews debt service calculations to ensure correctness and compliance with Bank standards. In addition, ensures that leases and tenant estoppels were received for all commercial tenants; that tax returns and personal financial statements were received based on the type of loan, underwriting requirements and the Bank's lending policies. Monitors, tracks and controls the inflow and outflow of files within the Quality Control Unit, utilizing excel spread sheets and coordinating the receipt and delivery of loan files with the File Requisition Unit's manager. Ensures that Title Insurance Policies, Surveys, and Certificates of Occupancy are received for all closings. 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.