Regional Missouri Bank
Job Description
Division/Department: Lending
Job Title: Loan Processor
Reports to: Branch Manager
Type of position:
Full-time
Hours: 40/ week
Non-Exempt
Position Overview:
Individual is responsible for the processing of all loans presented to them from the loan officer and helping them with all loan documentation. Individual will verify applicant information, review documentation, coordinate with various parties, and ensure compliance with regulations. Individual must possess knowledge of general banking policies and guidelines.
- Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, tax receipts, and lien perfections.
- Accurately process loan applications, legal documents and forms, using bank software applications and computer systems
- Reviews loan documentation and identifies any issues and takes appropriate action to ensure the documentation packages are documented in accordance with Bank policies and procedures and are in adherence with compliance and regulatory requirements
- Maintain an active knowledge base of all the Bank’s loan products and an understanding of the qualifications required of each applicant
- Scanning loan documentation, processing draw requests, facilitating wire request and filing of documentation
- Consults with loan officers on unresolved issues and/or complex issues to ensure the documents represent an appropriate binding commitment for the Bank
- Communicate regularly with customers and ensure they receive exceptional customer service throughout the process
- Update records regularly
- Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations
- Performs other duties and responsibilities as assigned
Qualifications & Education Requirements:
- High school diploma or equivalent
- Loan Processor experience is preferred
- Must be able to work with a significant amount of detailed information in an accurate, timely and confidential manner.
- Knowledge of bank and appraisal regulations and guidelines
- Extremely organized and detail oriented
- Must possess excellent customer service skills and good verbal and written communication
- Business development experience and professional image
- Ability to work effectively in a multi-task environment
- Willing to attend continuing education related courses pertaining to job
- While performing the duties of this job, the employee is regularly required to stand, use hands to finger, handle, or feel and talk or hear. The employee frequently is required to walk, reach with hands and arms. The employee is occasionally required to sit climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.
INTENT AND FUNCTION OF JOB DESCRIPTIONS
Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well-constructed job descriptions are an integral part of any effective compensation system.
All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.
In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.
Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.
