STATE CLASSIFICATION JOB DESCRIPTION
Salary Group B19	Class No. 1261

LOAN SPECIALIST II

GENERAL DESCRIPTION

Performs moderately complex (journey-level) loan specialist work. Work involves setting-up, processing, servicing, and monitoring loans. May train others. Works under general supervision with moderate latitude for the use of initiative and independent judgment.

EXAMPLES OF WORK PERFORMED

Sets up and funds new loans.

Advises borrowers regarding loan processes and procedures, and acts as a liaison with tax entities and insurance companies.

Maintains loan files and current borrower information within the loan tracking system.

Reviews closing loan files to ensure all loan documents are properly executed.

Reviews and processes hazard insurance policies and coordinates with insurance companies for corrections.

Reviews and corrects escrow accounts before final analysis.

Determines appropriate workout provisions on delinquent loans.

Monitors receipt of loan documentations and tax payments.

Performs underwriting to determine the economic feasibility of loans using local, state, and federal guidelines.

Conducts reviews and audits of loan closing packages and materials to determine compliance with requirements, contracts, laws, rules, regulations, policies, and procedures.

Requests and reviews annual property tax statements, and processes property tax statements for payment.

Processes requests for payoff and/or subordination agreements with loans and processes release of liens.

Prepares reports and prepares and mails yearly statements.

Assists in the resolution of contractual issues by defining causes of errors and recommending appropriate action.

Assists in conducting surveys, inspections, or reviews of developments to determine compliance with requirements, laws, regulations, policies, and procedures.

Assists with performing counseling associated with delinquent mortgage loans and fees.

May train others.

Performs related work as assigned.

GENERAL QUALIFICATION GUIDELINES

Experience and Education

Experience in finance, banking, or real estate work. Graduation from an accredited four-year college or university with major course work in finance, business administration, real-estate, or a related field is generally preferred. Education and experience may be substituted for one another.

Knowledge, Skills, and Abilities

Knowledge of mortgage industry rules and regulations.

Skill in the use of personal computers.

Ability to communicate effectively, and to train others.

State Auditor’s Office

Revised 9-1-09