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LIP Coordinator & Conversion Representative

Company: First Federal Bank
Location: Youngstown
Posted on: May 3, 2021

Job Description:

Position Title: LIP Coordinator & Conversion RepresentativeDepartment: Mortgage OperationsPosition Reports to: Manager Construction-Permanent Draw AdministrationPosition Supervises: No Direct ReportsPosition Summary: Responsible to coordinate all closing and post-closing activities and perform all aspect of LIP Processing, construction permanent modifications/extensions and conversions. Monitor LIP reports for active and non-active accounts. Conduct monthly reporting on modifications, and balance the GL.Duties and Responsibilities:Provide excellent customer service to all internal and external customers.Perform LIP functions including new loan file setup, ordering inspections, disbursing draws, obtaining affidavits, and balance the GL accounts.Prepare and process legal instruments needed for modificationsCommunicate and assist in the monthly conversation of all construction customers to the automated print mail invoices.Handle new builder approval requests through the Construction credit clearing houseCustomer facing responsibilities include all communication to our customers, builders, settlement providers and sales staff.Assist Construction reverification team in preparing loan documents for sale to the GSE''s and private investors.Communicate with local government agencies to assist our customers with certificates of occupancy and other related lien releases as needed.Responsible for all aspects of the builder draw request process and ensure that the team meets the SLA''s established for each client.Work with Mortgage Loan Officer and underwriter to ensure proper LIP account is established at loan closingCompletes other duties as assignedEducation, Certification, License and Experience:High school graduate or equivalent.2-4 years of related experienceLoan experience preferredSkills and Knowledge:Understanding of Bank''s policies, procedures and networkUnderstanding of applicable regulations and lawsProficient on the Doc Prep System and Tracking SystemProficient on PC''sResponsible for knowing and ensuring compliance with applicable laws, regulations and guidelines, as detailed in policies that include but are not limited to Bank Secrecy Act and other applicable anti-money-laundering rules, Right to Financial Privacy, Fair Lending, Community Reinvestment Act, Gramm-Leach-Bliley Act, and other laws and regulations as they pertain to the position.Work Environment:This job operates in a professional office environment. Work is normally performed in a typical interior work environment which does not subject the employee to any hazardous or unpleasant elements.Physical Requirements:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to speak or hear, stand or sit for long periods of time, open filing cabinets, walk, stoop or bend, use hands to handle or feel and reach with hands and arms. The employee must frequently lift and/or move up to 10 pounds, occasionally lift and/or move up to 25 pounds and complete tasks requiring manual dexterity. Ability to drive a vehicle for travel is required for the position.Premier Bank is an Affirmative Action and Equal Opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or any other legally protected status.The above statements are intended to describe the essential functions of the job and the qualifications of the person assigned to it. They are not intended as an exhaustive list of all job duties, responsibilities and requirements. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This job description does not constitute a contract of employment. Employment is ''at will'' and may be terminated at any time.Position Details:Job Code: LIPCCRClassification: HourlySalary Grade: 24Incentive: 5%Position type(s): Full TimeTravel: 5%Work schedule: Mon-Fri 8-5 or as neededby Jobble

Keywords: First Federal Bank, Youngstown , LIP Coordinator & Conversion Representative, Other , Youngstown, Ohio

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