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First Mid-Illinois Bancshares, Inc.
Mattoon, IL | Full Time
$38k-48k (estimate)
2 Months Ago
First Mid
Mattoon, IL | Contractor
$45k-60k (estimate)
2 Months Ago
Loan processor
$38k-48k (estimate)
Full Time 2 Months Ago
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First Mid-Illinois Bancshares, Inc. is Hiring a Loan processor Near Mattoon, IL

Responsibilities include, but are not limited to :

Reviews Commercial Loan Data Sheets and Credit Department write ups when Commercial loan request is received from branch.

Verifies all information has been accurately provided to create loan processor file.

  • Completes internal checklists ensuring compliance with regulations, internal policies and procedures with high detail loan requests.

Reviews loan files for completeness and accuracy. Delivers loan documentation to loan officer and / or branch support personnel.

  • Assists with the preparation of required documents for extensions and renewals. This would include but not be limited to reviewing all supporting documentation, contacting loan officers or branch support personnel regarding any deficiencies, preparing and distributing required documentation.
  • Assists with inputting new and renewed loans, disbursing loan proceeds, and performance of any other required file maintenance on the Premier system.
  • Assists loan officers and branch support personnel with questions regarding loan documentation, and loan documentation status.
  • Order UCC searches and prepare and file new UCC’s when appropriate.
  • Completes required training associated with job function.
  • Performs other related duties as assigned.

Qualifications Education :

High School diploma or equivalent, Associates preferred.

Experience :

1 years banking, clerical or loan processing experience preferred.

Skills :

  • Proficient in Microsoft Office products with working knowledge in excel.
  • Must be able to work with a significant amount of detailed information in an accurate, timely and confidential manner.
  • High level of interpersonal skills to interact with loan officers, appraisers and title companies in a professional manner.
  • May be required to work a rotating schedule on Saturdays during acquisitions or peak seasons.
  • May be required to work earlier or later than a normal workday during acquisitions or peak seasons.
  • Last updated : 2024-04-06

Job Summary

JOB TYPE

Full Time

SALARY

$38k-48k (estimate)

POST DATE

04/08/2024

EXPIRATION DATE

06/21/2024

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The job skills required for Loan processor include Loan Processing, Microsoft Office, Loan Review, Commercial Loans, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan processor. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan processor. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Loan processor positions, which can be used as a reference in future career path planning. As a Loan processor, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan processor. You can explore the career advancement for a Loan processor below and select your interested title to get hiring information.

If you are interested in becoming a Loan Processor, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Processor for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Loan Processor job description and responsibilities

A loan processor reviews loan applications before sending them to the underwriter for approval.

01/11/2022: Springfield, IL

A loan processor will constantly work with computers and other electronic devices.

02/23/2022: Harlingen, TX

Loan officers evaluate, authorize, or recommend approval of loan applications.

01/09/2022: Orange, CA

Loan processors have to request additional documentation that may not be readily available for an applicant, like bank statements from several months ago or past years’ tax documents.

01/08/2022: Memphis, TN

Not only do loan processors collect and organize all of the loan documents, but they also order and organize various third-party requirements.

03/12/2022: Grand Forks, ND

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Loan Processor jobs

Analyze applicant's financial status, credit, and property evaluation to determine the feasibility of granting the loan.

03/14/2022: Burlington, VT

Analyze potential loan markets to develop prospects for future loans.

01/23/2022: Cincinnati, OH

Approve the loan within specified time limits.

03/06/2022: Helena, MT

Communicate With Current and Potential Customers.

03/07/2022: Pensacola, FL

The most common types of unsecured loan are credit cards, student loans, and personal loans.

02/27/2022: Reading, PA

Step 3: View the best colleges and universities for Loan Processor.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College