What are the responsibilities and job description for the Loan Analyst position at Liberty Bank?
At Liberty, we strive to maximize our impact and exceed goals by investing in our teammates to deepen our relationships in the workplace and communities we serve. We take pride in promoting a socially responsible and sustainable future through initiatives and investment.
SUMMARY OF THE JOB:
Reporting to the Home Equity Supervisor, this role will rotate through several areas of Consumer Lending developing an overall understanding of Processing, Disclosing and task-oriented solutions eventually leading to managing a pipeline of unsecured and / or secured loans, ensuring compliance with product guidelines, and working closely with customers to facilitate the loan closing process. The ideal candidate will develop a strong understanding of loan products, the ability to identify and mitigate fraud and other risks as well as a strong understanding of the overall process leading to a specific area of expertise in the Residential Lending area.
ESSENTIAL FUNCTIONS:
Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status.
Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
SUMMARY OF THE JOB:
Reporting to the Home Equity Supervisor, this role will rotate through several areas of Consumer Lending developing an overall understanding of Processing, Disclosing and task-oriented solutions eventually leading to managing a pipeline of unsecured and / or secured loans, ensuring compliance with product guidelines, and working closely with customers to facilitate the loan closing process. The ideal candidate will develop a strong understanding of loan products, the ability to identify and mitigate fraud and other risks as well as a strong understanding of the overall process leading to a specific area of expertise in the Residential Lending area.
ESSENTIAL FUNCTIONS:
- Review and Manage Loan Pipeline: Work with unsecured loans, including system understanding; fraud risks and mitigation tools ensuring timely processing and follow-up to meet closing deadlines.
- Understand Product Guidelines: Develop a thorough understanding of unsecured and secured Consumer loan product guidelines and ensure all loans comply with these standards.
- Customer Interaction: Work directly with customers to gather necessary documentation, answer inquiries, and provide updates on loan status.
- Loan Closing: Coordinate with various departments to ensure all conditions are met for loan closing and facilitate the closing process.
- Risk Identification: Identify potential fraud and other risks associated with unsecured loans and take appropriate actions to mitigate these risks.
- Compliance: Ensure all loan processing activities adhere to regulatory and company compliance standards.
- Documentation: Accurately document all loan processing activities and maintain organized records for audit purposes.
- Continuous Improvement: Stay updated on industry trends and best practices to continuously improve loan processing efficiency and effectiveness.
- Bachelor’s degree in finance, business, or a related field.
- Minimum of 2 years of experience in loan processing or a related role, preferably with Consumer loans.
- Strong analytical and problem-solving skills.
- Excellent communication and customer service skills.
- Attention to detail and high level of accuracy.
- Ability to work independently and as part of a team.
- Proficiency in loan processing software and Microsoft Office Suite.
- Knowledge of unsecured loan products and regulatory compliance requirements.
- Expert level skills in MCIF systems
- Effective written, analytical and presentation skills
- General Office Equipment
Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status.
Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
