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Loan Document Review Specialist

First Western Bank
Posted a month ago, valid for 17 days
Location

Rogers, AR, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The Loan Document Review Specialist is tasked with reviewing and validating loan documentation for accuracy and compliance with company policies and regulations.
  • This role is essential for minimizing risk and ensuring the integrity of loan files while collaborating with loan officers and assistants.
  • Candidates should have at least two years of experience in mortgage, lending, or related fields, with a strong understanding of loan documentation and regulatory requirements.
  • The position requires excellent attention to detail and analytical skills to identify discrepancies and resolve issues efficiently.
  • First Western offers competitive salaries and benefits, with applicants required to pass a background check and drug screening.

The Loan Document Review Specialist is responsible for reviewing, analyzing, and validating loan documentation to ensure accuracy, completeness, and compliance with company policies and regulatory requirements. This role plays a critical part in minimizing risk, supporting loan processing efficiency, and ensuring high-quality loan file integrity.

The responsibilities of this role include, but are not limited to:

  • Reviewing loan documents for accuracy, completeness, and compliance with internal policies and regulatory standards
  • Verifying borrower information, loan terms, and supporting documentation
  • Identifying discrepancies, missing documentation, or potential risk factors and escalate as needed
  • Collaborating with loan officers and loan assistants to resolve documentation issues
  • Maintaining detailed records of findings and communicating required corrections clearly and efficiently
  • Performing quality control audits on closed loan files to ensure compliance with company and regulatory standards
  • Staying current with industry regulations, compliance requirements, and lending guidelines
  • Meeting productivity and accuracy benchmarks while managing multiple files simultaneously

Two years of experience in mortgage, lending, loan processing, underwriting support, or document review with a strong understanding of loan documentation, including income verification, credit reports, and closing disclosures, as well as a familiarity with regulatory requirements such as TRID, RESPA, and TILA, is preferred. Excellent attention to detail, strong analytical skills, the ability to identify discrepancies and resolve issues efficiently is required.

First Western is a local community bank that has been serving Western Arkansas since 1910 and Northwest Arkansas since 1991. We specialize in customer service and serving our communities. We are a full-service financial company offering traditional banking, mortgage, insurance, and investment services. We offer competitive salaries and benefit packages based on qualifications and experience.

Applicants must pass a criminal background and consumer credit check as well as drug screening. EOE





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