Loan Processor/Loan Assistant

Summary: A Loan Processor is responsible for the preparation of loan documents for rReal Estate, Commercial and Consumer loans in accordance with regulatory requirements and Bank policy. Loan packages must be prepared accurately and forwarded to the Lender in a timely manner in order to ensure quality service and minimize inconvenience to the client. Because of market volatility and spikes in loan volume, the Loan processor must be able to work under deadline pressure while still ensuring the accuracy of the loan documentation.

This individual may also serve as a Loan Assistant, where this person is the first to respond to customers’ initial communication, answers their questions or directs to the correct service person. Responsible for servicing consumer, residential and/or commercial loans. Promoting business for the Bank by maintaining good customer relations and referring customers to the appropriate staff for new services.

Primary Responsibilities:

· The essential responsibility of this position is to prepare in-house loan documentation for consumer, commercial, agriculture and real estate loans in accordance with Bank policy and regulatory requirements.

· In addition, a secondary market loan processor will also prepare secondary market real estate loan documentation in accordance with Fannie Mae and regulatory requirements.

Job Duties:

· Comprehend the concepts and principles of loan documentation requirements dictated by loan type and collateral to ensure the creation of accurate loan documentation.

· Recognize the various legal entities and the required documentation associated with each entity type.

· Understand the importance of preparing the necessary documentation to properly support the loan and borrower type.

· Work with Loan Officers, title companies and attorneys as necessary to ensure timely preparation and delivery of loan application and closing packages

· Data entry into the Compliance Concierge loan processing system for all types of loans

· Download data from DU to Compliance Concierge as necessary

· Pull Loan Shield reports as necessary

· Document review to ensure accuracy

· UCC and DMV searches as necessary

· Assist Serviced Mortgage Manager as necessary

· Assist Loan Compliance Officer as necessary

· Act as loan assistant when necessary

Job Skills:

· Self-Motivated

· Work with minimal supervision

· Ability to Prioritize workload

· Manage deadlines

· Detail oriented

· Ability to produce both a consistent quantity and quality of work

· Understand various loan structures and their respective loan and regulatory policies requirements

· Ability to interpret legal documents, such as title policies, borrowing resolutions and operating agreements

· Determine the necessary documentation required to obtain a perfected security interest in the collateral given to support the credit.

Qualifications: To perform this job successfully, individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the minimum knowledge, skills and ability required.

Education: High School diploma

Experience:

Computer skills and cash handling experience required

Strong customer service, interpersonal, organizational and problem solving skills required

Friendly, enthusiastic attitude required

Previous phone experience preferred

Understanding of Excel, Word & PowerPoint

Language Skills: Ability to speak, and write in English at the level necessary for the effective accomplishment of essential job duties

Mathematical Skills: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.

Reasoning Ability: Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to

interpret instructions

Equipment used – computer, phone, fax , copier, and calculator

Physical Demands: The physical demands, and approximate time spent engaged in them, are representative of those that must be met by an employee to successfully perform the essential functions of this job.

· Standing – less than 2/3

· Walking – less than 1/3

· Sitting – more than 1/3

· Use of hands to finger, handle or feel – more than 2/3

· Reaching with hands and arms – more than 2/3

· Climbing or balancing – rarely

· Stooping, kneeling, crouching or crawling – rarely

· Talking or hearing – more than 2/3

· Weight lifted/carried – an average of 5 to 20 pounds frequently

· Vision – must have clear vision near and far, with or without corrective measures

· Travel - occasionally

Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job.

· Environmental – typical office environment

· Outdoor weather conditions - infrequently

Noise level – low, typical office noise

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Health savings account
• Paid time off
• Retirement plan
• Vision insurance

Work Location: In person