Flagstar Bank Loan Review Officer in Troy, Michigan
Job SummaryReporting to the Senior Loan Review Director, the Loan Review Officer will assist in activities designed to measure, monitor and report the level of credit risk and loan loss exposure in the loan portfolios through the ongoing analysis of financial, economic and transaction risks identified within the portfolios.Job Responsibilities:* Evaluate individual loans to ensure that acceptable credit standards are maintained and that loans conform to established policies, standards, and regulatory requirements. Determine that approved loans are properly administered in accordance with credit approval authorizations and documented loan parameters.* Evaluate the overall credit worthiness and repayment capacity of a borrower through in-depth loan level review (including, income, debt, credit, appraisal, assets, and title).* Reviews, monitors and provides loan recommendations that are properly structured and accurately risk graded; provides recommendations and maintains documentation supporting all such changes.* Communicate results of loan reviews and/or portfolio trends to senior management or respective committees with objective assessments of credit quality as required.* Assess the adequacy of loan documentation, filed completeness and overall portfolio management practices* Assist in the preparation of other management reports and special projects related to loan portfolio quality, or other due diligence projects as required by the director.* Ensures compliance with applicable federal, state and local laws and regulations. Completes all required compliance training. Maintains knowledge of and adhere to Flagstar's internal compliance policies and procedures. Takes responsibility to keep up to date with changing regulations and policies.Job Requirements:* Bachelor's DegreeB.S or B.A Required andField of Study: Business Administration, Accounting, Finance or 7 years of comparable work experience.* Professional Certifications/License preferred: CPA, OCC or FDIC Bank Examiner* Minimum of 7-10 years of experience as a loan reviewer, credit analyst, or residential mortgage underwriter, preferably with a regulated financial institution. Emphasis on experience with residential mortgage, and consumer loans relative to both regulatory bulletins, laws and regulations as well as GSE requirements.* Ability to work independently on varied and complex portfolio reviews.* Proven ability to review and synthesize large amounts of data in an accurate and efficient manner.* Excellent written and verbal communication skills.* Strong organizational skills, flexibility and proven ability to prioritize and meet deadlines in a high volume environment.* Ability to work in a team environment (to include interaction with various levels of management and lending staff), as well as the ability to take the initiative to work independently.* Commitment and ability to recommend service, process and policy enhancements which will add value to the company.* Ability to adapt to new portfolios and additional responsibilities.* Proficiency in Microsoft Office, specifically Word, Excel and Access. Must have a basic understanding of pivot tables, and excel spreadsheet commands.