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IDFC FIRST BankEmployer profile

Specialist-Credit Administration

Location not specified · Experience not specified

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Experience
Experience not specified
Salary
Not disclosed
Location
Location not specified
Work mode
Not specified
Job type
Full-time
Apply by
Closing date not listed
Posted
13 May 24

About this role

Role/Job Title: Specialist-Credit Administration

Business: Operations

Function/ Department: Wholesale Banking Operations

Place of work: Mumbai

Education: Graduate: Bachelors in Commerce, Bachelors in Accounting

Post Graduation: Finance / Marketing / Operations /

Roles & Responsibilities

'Processes approved commercial and consumer loan applications using automated loan document

preparation software.

  • Selects appropriate Title Company, surveyors, appraisers, and other vendors, as needed and


requested by lenders to acquire need vendor services.

  • Prepares loan documents and closing instruction letters as appropriate.
  • Transmits loan document packages to the lenders.
  • Prepares commercial and SBA loan documents as requested by commercial lenders.
  • Provides back up support for other “Team” or group positions.
  • Willingly participates in all assigned duties and responsibilities.
  • Assemble and/or amend loan documents utilizing LaserPro.
  • Resolve discrepancies in loan documentation.
  • Perform other varied duties as assigned.
  • Verify lending compliance issues and regulations.
  • Report HMDA information
  • Applies some advanced skills to the position within assigned functional area. May adapt


procedures, processes and techniques to meet the more complex requirements of the position.

  • Required to provide borrower with initial good faith estimate at time of application and to provide


all necessary disclosures for borrower and lender.

  • Responsible for the confidentiality of financial data contained within loan files. Protects the


confidentiality of all financial data relating to financial institution operations and customers.

Maintains company policies and underwriting guidelines.

  • Provides administrative assistance to the loan officer and staff, including updating loan data into


the financial institution’s computers, and assembling of documentation for customer loans.

  • Ensures that loan files contain documents with proper signature, dates and other relevant data.
  • Assembles and verifies accuracy of loan documentation.
  • Checks documents for proper vesting, legal descriptions, closing dates and signatures.
  • Maintains new paid consumer loan files. Performs variety of clerical duties requiring knowledge


of departmental procedures. Uses office computers for data input and other activities, and orders

credit reports.

  • Answers telephone inquiries and written inquiries concerning loan processing and information.


Secondary Responsibilities

'1. Adhere to all bank and department personnel policies and procedures.

  • Perform other reasonably related job responsibilities as assigned by immediate supervisor and

Skills

Finance and Sales
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