Loan Processing Specialist (71103)
About the position BASIC FUNCTION: Processes loans and prepares loan documents in a centralized environment for all types of consumer and commercial loans. Work may be reviewed by either the Central Processing Manager or a Senior Specialist. ESSENTIAL FUNCTIONS: Responsible for creating and reviewing all documents regarding loan processing: Early disclosures New loan documentation Loan renewal documentation Extensions/Modifications Collateral amendment form Automatic transfer forms HMDA data capture All other miscellaneous loan forms Create all documents needed for a new loan package for Loan Officers, to include ordering title work, flood determinations, and other supporting documentation Identify and resolve gaps in approval and final closing terms Prepare loan tickets for fees, upload and fund originated loans Accurately capture and report loan portfolio information for compliance with managements reporting requirements and objectives Support team members in achieving the goals and objectives of the Centralized Processing team
Responsibilities
- Creating and reviewing all documents regarding loan processing: Early disclosures, New loan documentation, Loan renewal documentation, Extensions/Modifications, Collateral amendment form, Automatic transfer forms, HMDA data capture, All other miscellaneous loan forms
- Create all documents needed for a new loan package for Loan Officers, to include ordering title work, flood determinations, and other supporting documentation
- Identify and resolve gaps in approval and final closing terms
- Prepare loan tickets for fees, upload and fund originated loans
- Accurately capture and report loan portfolio information for compliance with managements reporting requirements and objectives
- Support team members in achieving the goals and objectives of the Centralized Processing team
Requirements
- Strong attention to detail, self-starter, and the ability to learn quickly
- General knowledge of banking regulations
- Ability to read and comprehend bank policies and regulatory guidance, and apply to work situations
- Interpersonal and communication skills to represent the Bank in a positive way in dealing with customers and co-workers and convey information effectively
- Strong organizational skills, exhibiting the ability to multi-task and manage time to ensure timely completion of tasks
- Able to work well under pressure and adapt to process changes and workflow peaks
- Mathematical aptitude
- Basic knowledge of the Banks loan, trust, and investment center products
- Experience with computer technology including, but not limited to, Word, Excel, internet navigation
- High school diploma or equivalent
- Maintain up-to-date knowledge of and adhere to all state and federal regulations that pertain to this position including but not limited to Bank Secrecy Act, Consumer Privacy and Fair Lending.
- Working knowledge of state and federal regulations including but not limited to Bank Secrecy Act, Consumer Privacy and Fair Lending along with industry best practices that pertain to this position
Nice-to-haves
- Prior loan processing experience preferred (Level 1)
- Two years minimum loan processing experience (Level 2)
- Five years minimum experience (Level 3)
- Basic knowledge of lending compliance regulations
- Basic knowledge of collateral perfection requirements
- Familiarity with residential loan disclosure requirements preferred
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