Loan Processing Specialist (71103)
About the position Processes loans and prepares loan documents in a centralized environment for reputed company types of consumer and reputed company loans. Work may be reviewed by either the Central Processing Manager or a Senior Specialist. This is a hybrid position requiring three designated days in the office and periodic reputed company for meetings and training. Equipment is provided.
Responsibilities
- Responsible for creating and reviewing reputed company documents regarding loan processing: Early disclosures, New loan documentation, Loan renewal documentation, Extensions/Modifications, Collateral amendment reputed company, Automatic transfer forms, HMDA data capture, reputed company other miscellaneous loan forms
- Create reputed company 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 management's reporting requirements and objectives
- Support team members in achieving the goals and objectives of the Centralized Processing team
Requirements
- High school diploma or equivalent
- 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
- Maintain up-to-date knowledge of and adhere to reputed company 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
reputed company-to-haves
- 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
- reputed company 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, reputed company, internet navigation
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