Loan Processor - Centralized Loan Department
Job description
JOB SUMMARY
Prepares and processes loan documents for lending personnel with attention to detail always checking for compliance with applicable laws, regulations, and bank policies.
ESSENTIAL DUTIES
- Inputs and updates loan data into the financial institution’s computer system; assembles and verifies loan documents for accuracy.
- Develops and maintains a working knowledge of banking laws and regulations through continuing education practices including attendance at seminars and meetings with peers.
- Prepares legal documents for recording at the county and state level.
- Confers with attorneys, title companies, insurance companies, credit department, and loan operations to provide or receive information pertinent to the loan documentation process.
- Answers and directs client phone calls, walk-ins, and other inquires in a professional manner.
- Provides administrative support for the Centralized Loan department and various lenders as directed.
- Cross-markets financial institution products and services as appropriate.
- Performs other incidental and related duties as required and assigned.
JOB QUALIFICATIONS
- Required Education & Experience: High school diploma or general education degree (GED) or equivalent combination of education and experience.
- Preferred Education & Experience: Experience in banking or loan processing.
- Ability to obtain a Notary Public designation is required.
COMPETENCIES
- Language Skills: Read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals; write routine reports and correspondence; speak effectively before groups of clients or employees of organization.
- Mathematical Skills: Calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages; apply concepts of basic algebra and geometry.
- Reasoning Skills: Apply common sense understanding to carry out instructions furnished in written, oral, or diagram form; deal with problems involving several concrete variables in standardized situations.
- Computer Skills: Operate the basic functions of a computer including accessing the Internet, uploading and downloading documents, and working with Adobe Acrobat and Microsoft Office programs including Excel, PowerPoint, and Word; utilize Google applications including Gmail, Google Docs, and Google Sheets.
- Professionalism: Approach others in a polite and tactful manner; maintain composure and react well under pressure; treat others with respect and consideration; follow through on commitments; uphold the reputation of the institution through ethical business practices and responsible behavior both on and off the job.
- Values & Confidentiality: Demonstrate a strong work ethic and positive attitude, while maintaining an atmosphere of honesty and integrity every day; effectively work as part of a team to promote the achievement of individual and group goals; promote confidentiality for clients and the institution through the protection of proprietary and confidential information.
PHYSICAL DEMANDS
- Physical Activity: manual and finger dexterity, repetitive motion, twisting, bending, sitting, standing, reaching, walking, climbing, balancing, and lifting moderate weight (up to 25 pounds).
- Communication Skills: required to talk and communicate clearly; ability to hear.
- Vision Requirements: close vision, distance vision, and ability to adjust focus.
WORK ENVIRONMENT
- Operates in a professional office environment with moderate noise requiring routine use of standard office equipment including computers, phones, etc.
- General hours are Monday through Friday from 8:00 am to 5:00 pm; long hours, weekend work, and travel expected on occasion.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Management reserves the right to change this position description at any time with or without notice according to business needs.
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