What are the responsibilities and job description for the 2508-3 Loan Processor position at Tennessee Bankers Association?
Heritage Bank & Trust
Loan Processor
PURPOSE OF JOB
This position is responsible for preparing documents to initiate and close loans. Work is performed within the framework of standard operating policies and procedures; however, independent judgement and discretion is required in performing assigned tasks. Deviations from normal procedures and/or questions are referred to the supervisor.
Loan Processor
PURPOSE OF JOB
This position is responsible for preparing documents to initiate and close loans. Work is performed within the framework of standard operating policies and procedures; however, independent judgement and discretion is required in performing assigned tasks. Deviations from normal procedures and/or questions are referred to the supervisor.
- JOB DUTIES AND RESPONSIBILITIES
- Receive loan folder from loan officer; review set-up sheet and loan application; access and print credit; report via computerized software; perform detailed data entry to create initial loan documentation on the computer; contact loan officer and/or customer with questions; print and sort documents; photocopy authorization form; type envelopes and assemble mailing with appropriate authorizations, verification forms, and return envelopes; order necessary documentation; print loan processing status sheet, reassemble file, and forward file to loan officer.
- Receive notification of loan closing details and loan file with closing worksheet from loan officer; access initial loan documentation previously entered in the computer system; perform necessary data entry and proofread all documentation for accuracy and completeness; type and proofread legal description; print and forward completed documentation and loan file to underwriter and/or loan officer for final review prior to closing.
- Orders Flood Certifications on loan files ready to close.
- Process loans closed by lending officers.
- Close loans as needed for lending officers.
- Attending loan operations meetings.
- Help identify opportunities to improve effectiveness and efficiency of procedures.
- Assures the completeness of the documentary files available in support of each credit, the accuracy of records relating to lending and assists with collection activities as needed.
- Receives and records loan payments.
- Maintain all files in support of each new extension of credit or renewal and ensure accuracy and completeness.
- Examine notes for completeness and accuracy prior to entry into the Bank’s records.
- Assures that all necessary documentation has been received prior to filing.
