Farmington Hills, MI, 48332, USA
8 days ago
Loan Booking QC Data Specialist
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. Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
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