What are the responsibilities and job description for the Loan Specialist position at Phaxis?
Pay Rate
Up to $24/hr
Essential Duties and Responsibilities- Obtain required loan documentation and process less complex applications.
- Order credit verifications and third-party services.
- Track and review legal documents for accuracy.
- Set up and monitor loan and financial ticklers for timely document receipt.
- Verify loan files for accuracy and completeness.
- Follow up on missing documentation and prepare documents for review.
- Schedule or coordinate loan closings and disbursements.
- Prepare compliance and accounting records as required.
- Assist customers with inquiries or problems.
- Monitor existing loans and maintain sufficient documentation.
- Prepare client communications on loan terms.
- Review property and liability insurance compliance.
- Work with attorneys and financial resources for accurate documentation.
- Perform other duties as assigned.
- Commercial and retail loan processing concepts and procedures.
- Banking and finance principles.
- Financial markets and products.
- State and federal regulations.
- Processing loan applications and document preparation.
- Verifying information and preparing loan packages.
- Performing calculations and basic analytical tasks.
- Operating office equipment and software applications.
- Interpret and apply information from loan documents.
- Organize and manage multiple tasks in a fast-paced environment.
- Communicate effectively both orally and in writing.
- Work independently and collaboratively.
- Handle stressful situations and provide customer service.
- Maintain effective working relationships.