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POSITION SUMMARY : Assists loan officers with processing in-house loans. Ensure that all required documents are present and compiled uniformly.
Respond to internal and external loan inquiries. Input processed loans onto the computer. Work with external agencies to secure appraisals and titles, etc.
ESSENTIAL FUNCTIONS :
Job Specific
e. : funding, exceptions, etc.).
The nature of this position may involve exposure to highly sensitive material. Strict confidentiality is imperative.
Bank Specific
SUPERVISORY RESPONSIBILITY : None
MINIMUM JOB REQUIREMENTS :
Use of general office machines. Self-motivated. Ability to interact effectively with customers, management, and other employees.
Problem-solving abilities. Strong communication skills. Must be flexible, and able to work under pressure to meet deadlines and prioritize workflow.
Maintain a high level of focus. Strong organizational and analytical skills. Sound judgment, courtesy, and diplomacy. Thorough knowledge of loan documentation requirements, all loan-related regulatory requirements, and general knowledge of lending compliance and software.
PHYSICAL DEMANDS :
WORK ENVIRONMENT : Indoors, environmentally controlled. Will periodically travel off bank premises by car.
Note : The statements herein are intended to describe the general nature and level of work being performed by the employee assigned to this position.
They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of the employee.
Last updated : 2024-04-27
Full Time
Banking
$40k-50k (estimate)
04/29/2024
05/12/2024
onemidwest.com
CHICAGO HEIGHTS, IL
<25
1964
THERESA YAUGER
$5M - $10M
Banking
Built on years of exceptional service, First Midwest continues to provide traditional customer service in a digital banking age by providing banking products and services for all stages of life. We were chartered in 1964 by a group of Poplar Bluff businessmen and physicians with the vision of hiring local people to take local deposits and make local loans. Since our founding, First Midwest has grown to 17 locations throughout Missouri. As a locally owned and managed community bank, we are efficient in responding to customer needs. We listen to each situation and offer appropriate solutions to ...help our customers meet their financial goals. At First Midwest Bank we pride ourselves in our commitment to the communities in which we live, work and play and the loyalty of our employees to our organization. Want to be a part of the First Midwest family? Stop by a location today or explore our website at www.onemidwest.com to learn all that we have to offer. Member FDIC Equal Housing Lender
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The job skills required for Loan processor include Customer Service, Problem Solving, Credit Reports, Microsoft Office, Commercial Loans, Confidentiality, 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.
01/11/2022: Springfield, IL
A loan processor will constantly work with computers and other electronic devices.
02/23/2022: Harlingen, TX
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.
01/08/2022: Memphis, TN
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.
03/14/2022: Burlington, VT
Analyze potential loan markets to develop prospects for future loans.
01/23/2022: Cincinnati, OH
Approve the loan within specified time limits.
03/06/2022: Helena, MT
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.
02/27/2022: Reading, PA
Step 3: View the best colleges and universities for Loan Processor.