Responsible for the Quality Control review of all mortgage loan files to ensure compliance and accuracy of loan documentation. Performs reviews of the more complex loans such as, Restructured Debt, Forbearance, Unsold Share, Participations, Syndications and Commercial Non-Real Estate loans. Maintains and updates the Business Continuity Plan and procedure manual for the Quality Control Unit.
Review the entire credit and legal file for all Mortgage, Cooperative Apartment, Commercial Real Estate, Construction, Unsold Share, Restructured Debt, Forbearance loans and loans of $50 million and over, 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. Perform a quality control review for 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. Perform a quality control review for all Syndication and Participation loans, inclusive of those originated by NYCB Specialty Finance Company, ensuring compliance with credit policies. Ensure that all modifications to the commitment and loan approval are properly authorized; that credit and OFAC was run on the proper individuals and entities. Review debt service calculations to ensure correctness and compliance with Bank standards. In addition, ensure 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. Ensure legal documents, for all loans under review, accurately reflect all loan terms, such as loan amount, interest rate, loan term, maturity date, indexes, monthly payment, interest rate change dates, guaranties, master leases and indemnifications. In addition to reviewing special conditions such as Assumption, Forbearance, Cross Default/Collateralization, Condo release language terms and stipulations. Responsible for the review, prioritizing, follow-up and resolution of outstanding items and trailing documents with Bank attorneys. Monitor, track and control 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 Bank attorneys and the File Requisition Unit's manager. Responsible for the review the DNA Fiserv new loan set-up for all loans, ensuring accuracy and the correction of all errors. Perform a secondary review of loans which were quality controlled by the QC Administrators, as directed by the Assistant Manager. Assist the manager in directing staff in the performance of their assignments during the Assistant Manager's absence. Assist the manager with the training of staff. 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. Maintain and updates the procedure manual and business continuity plan for the unit and assists with the implementation of new procedures. Job Requirements:
EDUCATION AND EXPERIENCE
Bachelor's degree Three to five years mortgage lending experience
KNOWLEDGE, SKILLS AND ABILITIES
Knowledge of Bank's mortgage products and services Knowledge of mortgage documentation Advanced knowledge of Microsoft Word, Excel and Outlook Detailed oriented with strong organizational skills Strong communications skills Strong analytical skills
NEW YORK COMMUNITY BANK.
Based in Hicksville, 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.
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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.