The Commercial Loan Processor calculates and processes payoffs, and releases titles and insurance interest. Processes loan payments and applies funds to customer accounts. Being a Commercial Loan Processor responds to customer inquiries and requests for net payoff quotes. Calculates and prepares refunds for customers that submit overpayments. In addition, Commercial Loan Processor may require an associate's degree or its equivalent. Typically reports to a supervisor or manager. Being a Commercial Loan Processor gains or has attained full proficiency in a specific area of discipline. Works under moderate supervision. Working as a Commercial Loan Processor typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
SUMMARY
Works in the Loan Processing Department and is responsible for the production of loan documentation and booking of executed loans onto the Bank’s core processing systems. The Loan Processor is knowledgeable of loan documentation, regulations and processes, and is able to communicate well with the Lending staff. Loan Processors assist in ensuring that proper documentation is utilized for the Bank’s loans. Main functions are the drafting of various loan documents, booking loans, tracking loan-related items, and answering loan-related computer system questions.
The Loan Assistant services and supports consumer, mortgage, commercial and agricultural loan officers and customers. Post and disburse new and renewed loans, checks the accuracy of loan documents and information after it is posted on the Bank’s loan system. Maintain and keep loan records up-to-date by the use of paper files and in electronic storage, perform record-keeping and backroom clerical maintenance and support functions, assist with questions to both internal and external customers, and perform other tasks as assigned. Must be highly self-motivate, organized and passionate about working in a team environment.
LOAN PROCESSOR ESSENTIAL DUTIES
LOAN ASSISTANT ESSENTIAL DUTIES
SECONDARY DUTIES
ENVIRONMENT AND PHYSICAL ACTIVITY
The physical and work environment characteristics described in this job description are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions or as otherwise required by law. Employees needing reasonable accommodations should discuss the request with the employee’s supervisor or Human Resources.
This work requires the occasional exertion of up to 10 pounds of force; work requires sitting, frequently requires standing. Work has standard vision requirements. Work requires preparing and analyzing written or computer data and observing general surroundings and activities.
MINIMUM REQUIREMENTS
Associate degree in Business or Accounting, or equivalent combination of education and experience.
Minimum of 2 years of loan processing or other banking experience.
Well developed and highly effective communication skills.
Advanced computer skills in Microsoft Excel, Word and/or other accounting programs.
Ability to interact professionally with a variety of people including co-workers, customers, vendors, and auditors.
Ability to manage multiple priorities with an independent work ethic.
Ability to analyze processes and procedures for effectiveness.
Acknowledgement: This job description is not intended and should not be construed to be an all-inclusive list of responsibilities, skills, efforts or working conditions associated with this position. While this job description is intended to be an accurate reflection of the job requirement, management reserves the right to modify, add or remove duties from particular jobs and to assign other duties as necessary.
Job Type: Full-time
Benefits:
Schedule:
Work Location: In person
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