Queens Branch-Business Development Department / Residential Loan Associate
Bank of China USA, New York, NY, United States
Queens Branch-Business Development Department / Residential Loan Associate Join to apply for the Queens Branch-Business Development Department / Residential Loan Associate role at Bank of China USA
Queens Branch-Business Development Department / Residential Loan Associate 1 week ago Be among the first 25 applicants
Join to apply for the Queens Branch-Business Development Department / Residential Loan Associate role at Bank of China USA
Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.
Overview
This position provides loan business, prepares loan analysis and loan recommendation to meet objectives set by the Branch Manager.
Responsibilities
Business Development:
Originate and underwrite residential mortgage loans and maintain relationship with customers.
Meet business objectives in the loan operation set by the department head and Branch Manager.
Assist customer service representatives to originate new residential loan, Refinance and Modification Program.
Credit Control
Handle loan business according to all bank policies and procedures, KYC Due Diligence requirements.
Monitoring KRI and reporting criticized loan if applicable.
Compliance
Update Residential Mortgage Lending Procedure as needed.
Work on CFPB Consumer Metrics impacted by COVID-19 on monthly basis.
Work on Compliance and Regulatory reports as needed to LCD periodically.
Consumer Compliance Risk Assessment.
Work and coordinate with BSA on Monthly Compliance Reporting.
Inform customers of regulatory compliance requirement.
Coordinate with external and internal examination to ensure business safety and soundness.
Operation And Post-Lending Customer Service
Communicate with OSD and follow up with customers on tax, insurance, annual escrow disclosure statement, year-end escrow statement, escrow account or other post lending questions or issues due to Work from Home impacted by COVID-19.
Report necessary documents or reports to Head Office.
Work with ORD and QCU on third party vendor review and attend ORC meeting.
Work with vendors of Ellie Mae and Equifax to meet Bank’s operational risk requirement.
Participate in loan business activities to ensure the loan operation is safety and soundness.
Help to answer and resolve customer complaints and inquires.
Seek unusual and irregular activities and, if any, reports to supervisor, BSA Officer and Branch Manager.
Assist to complete distribution of all consumer lending disclosures, review completeness of loan application, arrange appraiser to appraise the value of properties and order credit report, review of appraisal report and credit report, prepare Credit Recommendation Report and commitment letter after loan approval. Arrangement of closing and the preparation of closing documents.
Scan loan documentation to Laserfiche.
Attend necessary business related trainings.
Strictly comply with the BOC Global customer service standard & BOCNY performance evaluation.
Qualifications
Bachelor’s degree required; major in Accounting, Finance, Economics or equivalent fields preferred
Minumum 2 years of Residential lending experience required
NMLS Certification is required
Demonstrate knowledge in Credit Underwriting, Personal loan process, and Consumer compliance
Bilingual ability in English and Mandarin required
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $42,000.00 - USD $90,000.00 /Yr.
Seniority level Seniority level Entry level
Employment type Employment type Full-time
Job function Job function Business Development and Sales
Industries Banking
Referrals increase your chances of interviewing at Bank of China USA by 2x
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Queens Branch-Business Development Department / Residential Loan Associate 1 week ago Be among the first 25 applicants
Join to apply for the Queens Branch-Business Development Department / Residential Loan Associate role at Bank of China USA
Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.
Overview
This position provides loan business, prepares loan analysis and loan recommendation to meet objectives set by the Branch Manager.
Responsibilities
Business Development:
Originate and underwrite residential mortgage loans and maintain relationship with customers.
Meet business objectives in the loan operation set by the department head and Branch Manager.
Assist customer service representatives to originate new residential loan, Refinance and Modification Program.
Credit Control
Handle loan business according to all bank policies and procedures, KYC Due Diligence requirements.
Monitoring KRI and reporting criticized loan if applicable.
Compliance
Update Residential Mortgage Lending Procedure as needed.
Work on CFPB Consumer Metrics impacted by COVID-19 on monthly basis.
Work on Compliance and Regulatory reports as needed to LCD periodically.
Consumer Compliance Risk Assessment.
Work and coordinate with BSA on Monthly Compliance Reporting.
Inform customers of regulatory compliance requirement.
Coordinate with external and internal examination to ensure business safety and soundness.
Operation And Post-Lending Customer Service
Communicate with OSD and follow up with customers on tax, insurance, annual escrow disclosure statement, year-end escrow statement, escrow account or other post lending questions or issues due to Work from Home impacted by COVID-19.
Report necessary documents or reports to Head Office.
Work with ORD and QCU on third party vendor review and attend ORC meeting.
Work with vendors of Ellie Mae and Equifax to meet Bank’s operational risk requirement.
Participate in loan business activities to ensure the loan operation is safety and soundness.
Help to answer and resolve customer complaints and inquires.
Seek unusual and irregular activities and, if any, reports to supervisor, BSA Officer and Branch Manager.
Assist to complete distribution of all consumer lending disclosures, review completeness of loan application, arrange appraiser to appraise the value of properties and order credit report, review of appraisal report and credit report, prepare Credit Recommendation Report and commitment letter after loan approval. Arrangement of closing and the preparation of closing documents.
Scan loan documentation to Laserfiche.
Attend necessary business related trainings.
Strictly comply with the BOC Global customer service standard & BOCNY performance evaluation.
Qualifications
Bachelor’s degree required; major in Accounting, Finance, Economics or equivalent fields preferred
Minumum 2 years of Residential lending experience required
NMLS Certification is required
Demonstrate knowledge in Credit Underwriting, Personal loan process, and Consumer compliance
Bilingual ability in English and Mandarin required
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $42,000.00 - USD $90,000.00 /Yr.
Seniority level Seniority level Entry level
Employment type Employment type Full-time
Job function Job function Business Development and Sales
Industries Banking
Referrals increase your chances of interviewing at Bank of China USA by 2x
Get notified about new Business Development Specialist jobs in Queens, NY .
New York, NY $130,000.00-$150,000.00 3 days ago
New York, NY $110,000.00-$130,000.00 1 week ago
Business Development Executive (East Coast – NYC Required) JN -062025-161167 New York, NY $90,000.00-$110,000.00 4 months ago
New York, NY $70,000.00-$300,000.00 3 days ago
New York, NY $80,000.00-$112,000.00 4 days ago
Senior Business Development Manager, Fintech New York, NY $127,500.00-$207,000.00 3 days ago
New York, NY $82,700.00-$117,800.00 1 week ago
New York, NY $90,000.00-$165,000.00 3 days ago
Business Development Executive – Brand Partnerships New York, NY $140,000.00-$160,000.00 1 week ago
Business Development Specialist - Relocate to Saudi Arabia New York, NY $152,456.00-$174,168.00 1 week ago
Sales and Business Development Manager (Remote) New York City Metropolitan Area $85,000.00-$105,000.00 1 week ago
New York, NY $120,000.00-$160,000.00 1 month ago
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New York, NY $80,000.00-$115,000.00 5 days ago
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We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr