Middle Market Lending Specialist supports middle market lending activities with administrative, analytical, and client support activities. Collects and reviews middle market loan development information and prepares required analysis and documentation. Being a Middle Market Lending Specialist establishes good client relationships and potential for future referrals or cross-sell opportunities by responding to requests for information, answering questions about products, and coordinating other service resources. Performs loan portfolio tracking and generates reports to measure compliance with lending terms and policies. Additionally, Middle Market Lending Specialist keeps abreast of lending products, services, and policies. Typically requires a bachelor's degree. Typically reports to a manager. The Middle Market Lending Specialist occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Middle Market Lending Specialist typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.
Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!
Key Responsibilities
Oversight and management of the product administration function for both residential mortgage and consumer products
Custodial Duties for FNMA & FHLB-Certify loans, pulling paid off notes and maintaining vault organization.
Investor Audits - Review/Research and respond to all agency audits. Provide KPMG all necessary documents for annual FNMA Audit.
Perform due diligence for loans purchased for portfolio etc. to ensure guidelines are met.
Manage the repurchase requests from investors, provide rebuttals and negotiate any options available.
Initial and annual review of Correspondent QC Reports.
Skills and Experience
Candidates with advanced degrees (Associates, Bachelor’s, and/or Master’s) preferred, yet a High School diploma or GED is required.
Strong underwriting background
Mortgage Lending Knowledge to include investors, mortgage insurance, products, underwriting, quality control
Consumer Lending Knowledge to include products, underwriting
System Knowledge: LOS system, word, excel, Power Point, servicing system (MSP)
Project Management, People Management
Hybrid schedule - 3 days in Southington, CT a week.
The estimated salary range for this position is $100,000.00 to $113,000.00 USD annually. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
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