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BASIC PURPOSE: This position is responsible for performing pre-closing reviews of consumer and selected commercial loans and determining conformance with documentation requirements as well as bank credit policy standards and approval requirements. In addition, preparing loan closing packages for all BankFirst markets within defined turnaround time standards and ensuring adherence to prescribed compliance requirements.
PRINCIPLE ACCOUNTABILITIES
Verify loan documents required to support approved terms and conditions, including reviewing entity and collateral documentation, lending authorities, and adherence to terms, pricing and conditions approved by senior-level management and/or bank loan committees.
Prepare documentation for all new, renewal and modified loans, including consumer and non-real estate commercial loans, utilizing the bank’s internal documentation preparation software.
Produce complete, accurate and enforceable loan document packages, including promissory notes, loan agreements, security agreements, financing statements and all necessary documents for collateral lien perfection.
Assist with third-party services, including UCC filings and searches, flood determinations, Secretary of State standings and other external documentation as required
Serve as a resource to all bank lending personnel and loan support areas by providing guidance and/or consultation on any documentation, policy or procedural issue
Notify lenders of potential problems and make recommendations for resolution of problems or conflicts associated with loans and/or collateral
Participate in training sessions, webinars and/or projects relating to pre-closing and compliance
Provide support to Department Manager and assist with the execution and implementation of bank initiatives and the training of bank lending personnel
EDUCATION, EXPERIENCE, SKILLS
Minimum of two (2) years of work experience in consumer and commercial loan documentation, with LaserPro experience preferred
Broad knowledge in loan compliance and regulatory requirements, with strong understanding of loan documentation for consumer and non-real estate commercials loans
Superior attention to detail and accuracy
Strong written and oral communication skills
Effective organizational and time-management skills
Ability to handle heavy volumes of work under pressure in a deadline-driven environment
Proficient PC and technical skills necessary to perform related job duties
Excellent multi-tasking and prioritizing skills
Strong critical thinking and decision-making skills
Full Time
Business Services
$35k-43k (estimate)
04/18/2024
06/17/2024
bankfirstfs.com
STARKVILLE, MS
500 - 1,000
1888
Public
TOMMY PRENTICE
$50M - $200M
Business Services
BankFirst is a full-service bank that offers deposits, savings, online banking and lending solutions to individuals and businesses.
The job skills required for Loan Processor include Time Management, Attention to Detail, Initiative, Commercial Loans, Decision Making, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Processor. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Processor. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Loan Processor positions, which can be used as a reference in future career path planning. As a Loan Processor, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Processor. You can explore the career advancement for a Loan Processor below and select your interested title to get hiring information.
If you are interested in becoming a Loan Processor, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Processor for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Loan Processor job description and responsibilities
A loan processor reviews loan applications before sending them to the underwriter for approval.
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A loan processor will constantly work with computers and other electronic devices.
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Loan officers evaluate, authorize, or recommend approval of loan applications.
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Loan processors have to request additional documentation that may not be readily available for an applicant, like bank statements from several months ago or past years’ tax documents.
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Not only do loan processors collect and organize all of the loan documents, but they also order and organize various third-party requirements.
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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Loan Processor jobs
Analyze applicant's financial status, credit, and property evaluation to determine the feasibility of granting the loan.
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Analyze potential loan markets to develop prospects for future loans.
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Approve the loan within specified time limits.
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Communicate With Current and Potential Customers.
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The most common types of unsecured loan are credit cards, student loans, and personal loans.
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Step 3: View the best colleges and universities for Loan Processor.