Loan Booking and Compliance Data Specialist
The Loan Booking Compliance and Data Specialist is responsible for analyzing executed commercial loan documentation to validate loan accounting data and compliance data was set up correctly for billing. This includes insuring the loans are accurately reported for Federal Bank Reporting. This position also collaborates with customers, lending partners, legal counsel and suppliers to resolve issues and ensure timely completion of post approval activities.
Position Responsibilities:
- Data Interpretation: Use knowledge of underwriting principals and the end-to-end loan process to review, analyze and interpret information in the Recap.
- Data Validation: Verifies all information previously captured in the recap, note, credit agreement, GMI, etc.) after to entering into the system of record.
- Data Collection: Gathers information from various sources (loan closing officers, credit support, relationship managers, internal legal counsel, customers, etc.), not included in the
- Recap, to complete the data fields required for the system of record.
- Data Entry: Corrects required data into the systems of record as needed in an accurate and timely manner.
- Independently analyze loan documents (Recap, note, GMI, etc.) for proper system processing, completeness of information, and verify that documentation meets Comerica's credit policy and department procedures.
- Utilize 14 different systems (Mainframes, Imaging systems, Access, applications, etc.) to complete analysis and updating transactions.
- Handle different loan types that requires utilizing multiple systems to view and research documents to determine correct loan data to book.
- Compliance and Education: Understands and maintains knowledge of legal and regulatory issues to assess degree of risk in information obtained for various Commercial and
- Consumer loans and whether additional actions are required.
- Customer Service: Initiates direct communication, verbally and in writing, with credit support, relationship managers, internal and external legal counsel, customers, vendors, etc.
Position Qualifications:
- High Diploma or equivalent; some college accounting courses
- 5 years of financial services or lending operations experience
- 2 years of banking, accounts receivable and payable
- 1 year of Commercial Lending Documentation
- 1 year of Customer Service
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
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Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
Jan 08, 2025