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Description
JOB CLASSIFICATION
Full / Part-time: Full-time
Hours Per Week: 40 hours
Location: 1801 S 2nd St, McAllen, TX 78503
JOB SUMMARY
The Loan Processor is responsible for generating in house loan documentation to complete loan packages for real estate and non-real estate loans; including commercial, consumer, and SBA loans, renewals and extensions; and modifications. Conduct reviews of all real estate documentation for accuracy and insure liens are cleared on title policies. Insure loans are coded properly and lending authority approvals are accurate. Insure collection of loan fees and review settlement statements to insure fees and costs are accurate.
ESSENTIAL DUTIES
The duties listed below may not include all responsibilities that the person in this role may be asked to perform. Incumbent may be required to perform other related duties as assigned.
1. Reviews Commercial and consumer loan documentation; loan worksheet for accurate customer information; loan codes; name; address; collateral; loan amount, terms, purpose, collateral; prepare general ledger tickets for loan fees and funding instrument for closing and funding.
2. Reviews real estate loan documentation; title policy; loan worksheet for accurate customer information; loan codes; name; address; collateral; loan amount; terms; purpose; prepare general ledger tickets for loan fees and funding instrument for closing and funding.
3. Reviews loan approvals to ensure information is complete; follows up to obtain missing data; generates loan documents on Laser Pro loan system ensuring accuracy and completeness.
4. Prepare in house loan documents and disclosures to complete loan package for closing.
5. Assists loan officers to ensure proper related documentation is prepared and/or provided.
6. Follow policies and procedures; completes administrative tasks correctly and on time; supports the Bank’s goals and values through outside activities.
7. Familiarity with federal loan regulations pertaining to loan documentation which include, Reg B, CRA, Flood insurance and Reg Z including assisting in training department personnel on all applicable regulations.
8. Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations, which include BSA, CIP, and OFAC requirements as they apply to this particular job title/position.
9. Provide support for loan operations manager as needed.
10. Duties listed are neither intended to be all inclusive nor to limit duties that might reasonably be assigned.
Requirements
QUALIFICATIONS
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
EOE/M/F/D/V
Full Time
Banking
$36k-46k (estimate)
09/08/2022
03/27/2023
vantage.bank
PHARR, TX
50 - 100
1923
LEE CANTU
$50M - $200M
Banking
About Us. Vantage Bank Texas is a community bank focused on meeting the financial needs of small-to-medium sized businesses. We specialize in business lending along with business cash management services. We have offices in San Antonio, Fort Worth, the Rio Grande Valley, Laredo, El Paso, Hondo, and Refugio. Our Vision. Our Vision is to build a financial services company that will be relevant, competitive, profitable, and visionary. The employees of Vantage Bank Texas strive to make a difference for our customers and our communities by providing world class service and giving back to those arou...nd us.
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The job skills required for Loan Processor include Loan Processing, Time Management, Consumer Loans, Loan Review, 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.