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1 Loan Processor I Job in Fremont, OH

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The Croghan Colonial Bank
Fremont, OH | Full Time
$37k-47k (estimate)
1 Month Ago
Loan Processor I
$37k-47k (estimate)
Full Time 1 Month Ago
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The Croghan Colonial Bank is Hiring a Loan Processor I Near Fremont, OH

Job Summary

Prepare and process primarily Consumer, Home Equity, and Mobile Home loans for all originators and lenders.

Essential Job Duties

  • Prepare loan documentation for all types of consumer loans being proficient using the document processing software and core system.
  • Demonstrate a willingness to adapt to changing business needs and deadlines.
  • Request insurance, appraisals, title work, and flood determinations.
  • Verify adequate insurance coverage by completing the insurance workbook.
  • Obtain loan payoff quotes and remit payoff proceeds for all loan types.
  • Perform quality control on all types of consumer documents and communicate findings to the appropriate persons.
  • Process documentation for Cancelled, Denied, and Withdrawn applications.
  • Provide compliance data collection for HMDA, CRA, Reg O, and BSA.
  • Maintain a proactive internal communication with Loan Processing Manager to enhance loan production and maximize the functionality of the loan processing systems.
  • Work in coordination with Consumer Loan Underwriter and Indirect Lending to ensure that loan transactions are carried out within the assigned parameters of the bank.
  • Maintain open communications with Loan Servicing.
  • Support customer and banking center inquiries.
  • Comply with and maintain working knowledge of applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. Complete assigned compliance training essential to job function.
  • Punctual and regular attendance is required.

Requirements –

  • A high school diploma or equivalent.
  • Previous consumer lending processing experience preferred.
  • Knowledge of Microsoft Office software

Equal Opportunity and Affirmative Action Employer, M/F/Disabled/Vet

Job Summary

JOB TYPE

Full Time

SALARY

$37k-47k (estimate)

POST DATE

04/01/2023

EXPIRATION DATE

06/02/2024

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The Croghan Colonial Bank
Part Time
$31k-37k (estimate)
2 Months Ago
The Croghan Colonial Bank
Part Time
$31k-37k (estimate)
2 Months Ago

The job skills required for Loan Processor I include Loan Processing, Microsoft Office, Consumer Loans, Coordination, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Processor I. 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 I. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Loan Processor I positions, which can be used as a reference in future career path planning. As a Loan Processor I, it can be promoted into senior positions as a Loan Processor II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Processor I. You can explore the career advancement for a Loan Processor I 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.

01/09/2022: Orange, CA

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.

03/12/2022: Grand Forks, ND

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.

03/07/2022: Pensacola, FL

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.

Florida Southern College
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Western Washington University
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