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MRV Banks
Ste Genevieve, MO | Full Time
$37k-47k (estimate)
4 Months Ago
Loan Processor
MRV Banks Ste Genevieve, MO
$37k-47k (estimate)
Full Time 4 Months Ago
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MRV Banks is Hiring a Loan Processor Near Ste Genevieve, MO

Job Title: Loan Processor (On-Site Position), Monday-Friday (8AM-5PM) and a rotating 5th Saturday 

We are seeking a dedicated and detail-oriented Loan Processor to join our dynamic team at MRV Banks. As a Loan Processor, you will play a vital role in facilitating the loan application process and ensuring a smooth experience for our valued borrowers. If you are organized, possess excellent communication skills, and thrive in a fast-paced environment, we want to hear from you!

Key Responsibilities:

  • -Review loan applications for accuracy, completeness, and compliance with lending guidelines and regulations.
  • -Collect and verify all required documentation from borrowers, including income statements, tax returns, credit reports, and property information.
  • -Communicate effectively with loan officers, loan coordinators, and borrowers to obtain any missing or additional information necessary for loan approval.
  • -Analyze borrowers' financial information, including credit history, income, and assets, to assess loan eligibility.
  • -Compile and organize loan documents accurately, ensuring they are properly labeled, signed, and dated for submission to underwriters.
  • -Maintain compliance with all applicable laws, regulations, and internal policies throughout the loan processing.
  • -Provide regular updates on loan status and resolve any outstanding issues by collaborating with borrowers, loan officers, and loan coordinators.
  • -Keep precise records of all loan documents, correspondence, and activities in the loan processing system.
  • -Adhere to established timelines and meet deadlines for efficient completion of loan processing stages.
  • -Perform quality checks to ensure the accuracy and completeness of loan files before final submission for approval.

Required Qualifications:

  • -High school diploma or equivalent
  • -Excellent written and verbal communication skills to interact effectively with various stakeholders.
  • -Strong attention to detail to ensure accurate and complete loan documentation.
  • -Exceptional organizational skills to manage multiple loan files and prioritize tasks effectively.
  • -Ability to work in a fast-paced environment, meet deadlines, and handle high volumes of work.
  • -Maintain strict confidentiality of sensitive borrower information.
  • -Proficiency in MS Office Suite, and other relevant computer applications.

Preferred Qualifications:

  • -Bachelor's degree in finance, business, or a related field
  • -Previous experience in loan processing, mortgage lending, or a related field
  • -Knowledge of loan types, lending guidelines, and regulatory requirements.

Join our team and take part in an exciting opportunity to contribute to the success of our borrowers and our company. We offer a competitive salary, comprehensive benefits package, and a supportive work environment that values growth and teamwork.

To apply, please submit your resume and a cover letter outlining your relevant experience and why you are interested in this position. We look forward to reviewing your application and potentially welcoming you to our team at MRV Banks.

WHY YOU SHOULD JOIN OUR TEAM
We are an established company in the financial industry that invests in our team. We also offer great benefits and perks, such as 11 paid holidays, paid time off (PTO), a 401(k) option, a professional environment, a positive team-oriented culture. We also make it easy to apply with our initial quick and easy applicationAfter you apply, you will be asked to complete our Predictive Index Assessment. Please complete the Predictive Index Assessment to help us identify if this role or other roles within our Bank will be a good match for you. We find that our most engaged employees are good at, enjoy what they do and want more of it. This is critical to our organization for employee engagement and growth. If we have your attention, please continue reading!
ABOUT MRV BANKS
We started 15 years ago in the small community of Ste Genevieve. After 5 years we expanded to the Cape Girardeau community and continued our growth by focusing on getting things done and building relationships with people. We provide financial solutions for customers and businesses in our communities. Our goal is to help people accelerate and achieve their financial goals through imaginative long-term banking relationships. Our bank expanded to the Festus market over 4 years ago and opened our St. Charles location in January of 2022. Our continued growth and success are due to our amazing people that are solution orientated and have a growth mindset. Our people are reliable and consistent with attention to detail to be competent and capable. Our company culture plays a large part in our success. We believe that happy, talented employees add value to our company.

MRV Banks is an Equal Opportunity Employer. MRV Banks is committed to providing equal opportunity and advancement to all qualified employees and applicants without regard to race, color, ancestry, national origin, sex, gender (including pregnancy), gender identity, sexual orientation, religion, disability, handicap, military or veteran status or any other legally protected status. Employee Polygraph Protection Act | | Right to Work | KNOW YOUR RIGHTSApplicants must be able to pass a drug test, background check, credit check and reference check.

Full job description available upon request

Job Summary

JOB TYPE

Full Time

SALARY

$37k-47k (estimate)

POST DATE

12/04/2022

EXPIRATION DATE

01/05/2024

WEBSITE

mrvbanks.com

HEADQUARTERS

CAPE GIRARDEAU, MO

SIZE

50 - 100

FOUNDED

2007

TYPE

Private

CEO

M R VERMILION

REVENUE

$10M - $50M

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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.

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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.

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