Loan Processor

Overview

The Loan Processor is responsible for the processing of Consumer, Business and Ag Loans, and the associated documentation. The Loan Processor supports their respective Loan Officer(s), Bank Vendors, and Consumers directly to complete Loan Files in preparation of an on-time closing.

Role and Responsibilities

• Prepare, review, and order initial loan documents.
• Prepare documentation for initial loan review.
• Ensure file quality and completeness.
• Coordinate with title company on closing logistics and meeting all time requirements.
• Disburse loan proceeds at closing.
• Lien perfection of collateral.
• Responsible for loading new loan file, renewals, and modifications on the Core Banking System.
• Maintenance and update tracking fields for loan reports in the Core Banking System.
• Provide support in various stages and areas of lending and processing as needed.
• Process documents as needed to ensure the Loan closes on time.
• Knowledge of LE, CD, APR, Interest rates, disclosures and redisclosures for TRID Loans.
• Supports the overall productivity and efficiency of the loan department.
• Follow established bank policy and procedures.
• Responsible for completing various reports and analytics as requested.
• Maintain confidentiality of all customer information.
• Responsible for supporting bank compliance efforts and ongoing training.
• Performs other duties as assigned.

Qualifications and Education Requirements

• High School Diploma or equivalent.
• 1-2 years of previous experience in the field preferred.
• This job requires ongoing regulatory training.
• Knowledge of laws and requirements pertaining to the banking industry.
• Notary public preferred.

Preferred Skills/Abilities

• Excellent verbal and written communication.
• Excellent math skills.
• Excellent customer service and interpersonal skills.
• Trustworthiness and ability to act with integrity and confidentiality.
• Excellent organizational skills and attention to detail.
• Ability to prioritize and delegate when appropriate.
• Complex problem-solving skills.
• Excellent leadership and management skills.
• Ability to lift up to 20 lbs. or more.
• Ability to maintain regular and reliable attendance.

Tools and Technology

• Microsoft Office including Word, Excel, Outlook, and PowerPoint.
• Experience using Core Banking, Document Imaging, and Loan Origination systems preferred.

Physical Requirements

• While performing the duties of this job, the employee is regularly required to use sight, talk, or hear; frequently stand, walk, use hand to finger, handle or feel; and reach with hands and arms. Must be able to access and navigate each department at the organization’s facilities. The employee may need to stand or sit for long periods of time.

Enviroment

• This job operates in a professional office environment.
• This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the employee. Duties, responsibilities and activities may change, or new ones may be assigned at any time with or without notice. Stockmens Bank is an Equal Opportunity Employer.

Pay: From $40,000.00 per year

Benefits:

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

Work Location: In person

Salary : $40,000