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Post Close Verification (PCV) is a quality review of closed loan packages after the pre-close process has been completed. The PCV process is in place to:

• Ensure accuracy of NextGen entries

• Provide proper processing of collateral documents for perfection of collateral

• Verify receipt of all signed original documents

• Verify ESignature documents are utilizing OneSpan

• Ensure all loans booked are received by PCV by monitoring the “Approvals GT 100 days / Original Notes not received” report generated weekly by Production Support

• Follow up on recorded real estate documents and final title work by monitoring the “Real Estate Title Report” generated weekly by Production Support (this process is covered in a separate procedure)

The Loan Control Team is responsible for completing the PCV process. Errors found by the Loan Control team are logged into the BMA database for all loans. The PCV process also covers the preliminary Borrower in Custody (BIC) file review, the 151 Day BIC review; as well as the final CRA and HMDA reviews (these are covered in separate procedures).

PCV will be performed on all loans except for the following transaction types (but all must flow through PCV to update BMA database, transfer the edoc folder to virtual print for imaging and complete LTS workflows.

• Promissory Note Modification Agreement (PNMA)

• Rate, payment, or payment date changes

• Covenant violation waivers

• Auto Renew Letters of Credit

Provides day-to-day delivery of critical lending operations processes including loan administration and servicing activities. Supports the execution of payments, transactions, service requests, administrative activities and processes and fulfillment of stakeholders inquiries/requests within relevant service level agreements. Collaborates with stakeholders to promote efficient and effective processes and work flow, establish positive working relationships across the organization and to achieve business results and deliver the intended customer and employee experience. Lending operations includes specialized operations processes and activities for mortgages, consumer lending products, leasing and/or commercial lending products.

• Provides advice and guidance to assigned business/group on implementation of solutions.

• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.

• Communicates with internal business partners and external customers to respond to standard and non-standard inquiries.

• Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.

• Monitors and tracks performance, and addresses any issues.

• Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.

• Executes work to deliver timely, accurate, and efficient service.

• Resolves standard and relatively straightforward issues, referring non-routine issues to more senior team members and/or manager.

• Performs administrative tasks such as distributing/collecting/filing/etc. documentation and information.

• May function as a problem-solving resource for more junior staff.

• Provides input and analysis into and participates in the planning, testing and implementation of continuous improvement projects as required.

• Provides accurate and timely processing of service requests, transactions, activities, etc. within relevant service level agreements and in accordance with established policies, processes and procedures.

• Provides accurate, consistent, knowledgeable responses to stakeholder questions and requests.

• Follows documented policies and procedures to execute day to day transactions, activities, processes and ensure all Service Level Agreements(SLAs) are met.

• Checks and reconciles information and documentation to ensure accuracy and completeness.

• Identifies and resolves discrepancies in accordance with standard procedures. Escalates issues, where necessary, as per guidelines.

• Data enters, reviews and verifies loan information and documentation for processing and/or further handling.

• Manages documentation to ensure that records are maintained in a proper manner.

• Communicates and collaborates with internal and external stakeholders in order to deliver on business objectives.

• Collaborates in development/implementation of new processes/systems and changes/improvements to existing systems and processes.

• Develops and maintains an understanding of the regulatory requirements and risks inherent in the operations to ensure appropriate actions are taken and operational integrity is maintained.

• Supports the development of tools and delivery of training focused on delivering business results.

• Focus may be on a business/group.

• Thinks creatively and proposes new solutions.

• Exercises judgment to identify, diagnose, and solve problems within given rules.

• Works mostly independently.

• Broader work or accountabilities may be assigned as needed. Qualifications:

• Typically between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Knowledge and experience using relevant systems and technology – In-depth.

• Knowledge and understanding of the business unit’s key products and services, processes and controls – In-depth.

• Knowledge of the risk and regulatory requirements of the business – In-depth.

• Prioritization skills – Good.

• PC skills (MS Word, Excel, PowerPoint) – In-depth.

• Specialized knowledge from education and/or business experience.

• Verbal & written communication skills - In-depth.

• Collaboration & team skills - In-depth.

• Analytical and problem solving skills - In-depth.

• Influence skills - In-depth.

Salary:

$41,715.00 - $73,800.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

We’re here to help

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/us/en

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.