What are the responsibilities and job description for the Retail Loan Processor (within the banks footprint AL, MS, TN, GA) position at CB&S Bank?
GENERAL FUNCTION OF LOAN PROCESSOR
Responsible for processing all owner-occupied residential real estate loans, commercial and consumer loans upon approval of a Loan Officer. Orders and assembles all necessary documentation for loan packages to be compliant with all regulations, policies and procedures.
LOAN PROCESSOR DUTIES AND RESPONSIBILITIES:
- Demonstrates an aptitude for banking and exhibits proficiency in all areas of loan documentation. Has an inherent duty and responsibility to follow all policies and procedures regarding loan documentation.
- Assists Lending Officers in processing loans and correspondence. Types loans, title applications, mortgages, UCCs, other supporting documentation and correspondence for all Loan Officers.
- Orders and reviews real estate appraisals and title insurance for exceptions regarding mortgage loans. Works with Loan Officers to clear exceptions.
- Prepares and mails Good Faith Estimates and Advance Truth in Lending Disclosures in accordance with all regulations.
- Monitors status of documentation and prepares weekly status reports for distribution to loan officers.
- Prepares real estate loan documentation for loan closings, and closes such loan when necessary.
- Originates and follows up on mortgage loan files in compliance with all state and federal regulations.
- Coordinates loan closings with Loan Officers, Customers, and Attorneys.
- Distributes funds accordingly after a loan closing.
- Maintains government records on loan files and prepares procedural forms on closed loans.
- Prepares documentation for mortgage releases.
- Responsible for the accurate filing of all loan documentation and collateral files. Appropriately logs and files all loan documentation when entering and leaving the department.
- Assists customers with questions or problems with their loan accounts.
- Must communicate with auditors from state, federal, and independent agencies.
- Requires the ability to interact effectively with all levels of bank personnel.
- Obtains specific goals related to production, quality documentation as described by supervisor.
LOAN PROCESSOR JOB QUALIFICATIONS:
- High school graduate or equivalent
- Minimum of one year of clerical and loan operations experience.
- Minimum of one year experience as a real estate loan secretary, closing agent, or equivalent experience.
- Excellent organizational skills and communication skills, both verbal and written. Demonstrated ability to interact with customers and employees, and listen effectively.
- Demonstrated ability to adapt to and use other PC based software packages.
- Proven knowledge of loan policies and procedures.
- Intimate knowledge of Real Estate Settlement and Procedures Act, Truth in Lending, and Home Mortgage Disclosure Act.