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Job description
Primary Purpose:
TowneBank is a relationship and friendship driven local bank focused on basic human values that will serve to create a warm sense of belonging and financial well-being among our family of members. We are seeking a Loan Services Flood Compliance Specialist to assist in the protection and validation of Flood Insurance for Towne Bank Loans.
The good-faith compensation range for this role is expected to be $45,250-$57,500, based on the role, market, internal equity, and candidate qualifications.
Essential Responsibilities:
Assist with pulling daily flood monitoring expired report
Assist in the daily review of the flood insurance approval process
Assist with the daily monitoring of the Core Logic Flood Determination Report
Assist with flood map changes and submitted by the bank’s vendor from time to time
Assist with the weekly Flood Insurance Report for new loans booked and verify information on core system
Required to work with insurance companies and provide updates to mortgagee clause, loan number and request updated policies when applicable.
Send member communication with regards to expired or cancelled policies
Assist loan officers and their assistants with questions regarding their members flood insurance policies
May assist with internal and external department audits
Review all flood insurance mail and update Flood Tracking on core system
Assist with the BPI- LCA Flood Review workflow
Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
Other duties as assigned.
Minimum Required Skills & Competencies: High School graduate or equivalent or compensating work experience in a financial institution for 2-3 years
Must be efficient, thorough, and work well on your own and with co-workers
Must possess a willingness to help others at any time
Strong written and oral communication skills are a must when talking or emailing
Must be able to work in a fast-paced environment and work well under pressure to meet deadlines
Must have some knowledge and experience with loan documentation
Computer experience (Word and Excel)
Desired Skills & Competencies: Experience using Baker Hill Advisor, FIS Insight, FIS Image Center and Core Logic
Previous work experience in a bank or finance company lending area
Insurance experience is necessary and preferred
Good understanding of the flood regulations and it’s requirements
Physical Requirements: Express or exchange ideas by means of the spoken word via email and verbally.
Exert up to 10 pounds of force occasionally, use your arms and legs, and sit most of the time.
Have close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.
Not substantially exposed to adverse environmental conditions.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.
Worksite address
suffolk, VA, 23437, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.