MidWestOne Bank

Loan Operations Quality Control Specialist

Status
Non-Exempt
Type
Full-Time
500 South Clinton Street
Iowa City
IA
Benefits Package
Yes - Full Time Package

Overview

Responsible for implementing, testing, and monitoring Quality Control processes and procedures, both operational and compliance related, for the Loan Operations Department.  This includes interpreting and monitoring State and Federal Regulatory changes related to Commercial and Consumer Loans and coordinating the implementation of process changes to accommodate.    

Responsibilities

  • Monitor Loan Operations processes to ensure adherence to SOX requirements,  internal procedures, best practices, and regulatory requirements.
  • Implement, update procedures, conduct training on, monitor changes, and interpret State and Federal Regulatory requirements related to Commercial and Consumer Loans.
  • Conduct regular compliance reviews, provide reports, maintain documentation and make recommendations for quality control improvement.  This will include, but not limited to, daily HMDA, CRA, and Flood Insurance scrubs.
  • Will assist in providing documentation for Federal, State and Compliance Exam and Internal Audit and Compliance Audits. 
  • Works closely with Compliance and Audit departments to ensure necessary quality control elements are in place to address audit and exam findings.
  • Works with Consumer and Commercial Processing, Credit Administration, and Retail Underwriting to ensure Loan Application and Origination programs are updated with most current releases to address regulatory changes.
  • May assist with Administration of third party programs such as Credit Reporting, Loan Accounting System, and Loan Origination Programs.
  • May assist with other Loan Operations duties related to the following:
  • File Maintenance
  • File Maintenance Review
  • Daily report review
  • Account Reconciliation
  • Credit Disputes
  • Charge Off and Bankruptcy
  • Special Asset maintenance requests

Qualifications

Post high school education in management or liberal arts field or equivalent combination of education and related experience.  3-5 years of bank experience in loan compliance and processing/closing is preferred.

 

At MidWestOne Bank diversity is embraced and we are committed to equal employment opportunity regardless of race, color, religion, sex, national origin, sexual orientation, gender identity, creed, Veteran status, disability, or any other legally protected status.  If you have a disability or special need that requires accommodation, please let us know. 

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