RETAIL LOAN PROCESSOR

POSITION SUMMARY

Preparation of retail loan documents pertaining to new loan requests, refinances, extensions and modifications in an accurate and timely manner.  Must be detail-oriented and able to multi-task. Good communication skills are essential because the job requires loan documentation specialist to work closely with loan officers, attorneys and management to ensure the accuracy and integrity of the documents.  Review loan documents post-closing for conformity to approval to ensure all approved conditions were met and loan documents were properly executed. Knowledge of banking procedures and lending principles is necessary. 

Reasonable Accommodations Statement

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
 

ESSENTIAL FUNCTIONS

·         Prepare and process documentation using LaserPro software.

·         Prepare and process documentation using Mortgage Bot LOS software.

·         Prepare closing documentation on Mortgage Bot LOS using Doc Magic Documents

·         Order property searches, flood certifications, title insurance and credit reports.

·         Prepare commitment letters on land and investment property purchases

·         Get FNBT listed as Mortgagee or Loss Payee on insurance policy prior to loan closing

·         When applicable get current payoffs of loans and or credit cards to be paid with loan proceeds

·         Collects, collates, assembles and completes the quality check of the loan closing packets for submission to the Lender.

·         Confirm that appraisal and/or the collateral evaluations are completed according to policy and regulatory requirements.

·         Review loan documentation closing package for the proper execution.

·         Download loan from LaserPro to the Bank’s Jack Henry system and follow-up with a second review of loan input the following day.

·         Download from Mortgage Bot LOS to Jack Henry system and follow up with second review of loan input the following day.

·         Give collateral documents for recording to the Loan Operations Assistant for processing.

·         Monitors incomplete files for missing documentation on an ongoing basis.

·         Create a new documentation file.

·         Effectively communicate with Loan originators to assure accuracy of documents.

·         Review conditions requested by underwriting and make sure all items needed are requested from the borrower.

·         Meet crucial and critical deadlines and dates.

·         Update pipeline report at the end of the day.

·         Keep Originators up to date on files.

·         Cross train on other department positions.

Education: High School Graduate or General Education Degree (GED)
 

Experience: Six months to one year related experience

Computer Skills

Must be familiar with Jack Henry Platform System for loans. Microsoft Word, Excel, and loan documentation skill.
 

Certificates & Licenses

Will be required to complete online bank training courses.

First Northern Bank & Trust will remain an independent, locally owned and operated, tried and true community Bank. Our mission is to profitably serve the financial needs of the people and businesses in each of the eleven communities for which our retail network extends. The Bank will operate as it always has, in a highly prudent and conservative manner that enhances and secures shareholder value with minimal risk, while at the same time promoting a culture intensely focused on the customer experience; and on the retention and addition of long-term relationships through each of its customer interactions, one transaction at a time.

Our Vision Statement:
The vision of the Bank is to become the premier provider of community Bank financial services in each of the markets we serve. We will distinguish ourselves from our competitors by maintaining and marketing those traits, which make us a safer and more secure Bank than any of our peers, both local and national. Specifically, our Bank is extremely well-capitalized, with strong liquidity, in excess of most competitors. Profitable, sustainable, and natural-internal growth will result from a Bank-wide collective effort intensely focused on the “customer experience.” Sound proactive planning, vigilance, and execution, coupled with the continued development and daily improvement of our line and staff, will be the means through which we meet and exceed our goals.