Consumer Loan Processor performs administrative tasks for loan processing. Collects and prepares necessary information required by each loan type and purpose to process and complete loan files. Being a Consumer Loan Processor verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Consumer Loan Processor ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Consumer Loan Processor works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Consumer Loan Processor typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
Job Title:
Loan Processor
Reports to:
AVP Loan Administration
Job Description:
Summary/Objective:
The loan processor position prepares monthly and quarterly reports and process consumer/commercial loans excluding mortgage files in accordance with bank and regulation guidelines; performs post-closing compliance reviews; and assist with data entry of online applications.
Essential Duties:
Accurate and timely data collection and preparation of monthly and quarterly reports for management; insurance maintenance; obtain payoffs; book and fund closed loans, review loan files for completeness, accuracy, and compliance standards; resolution of loan related issues; maintenance of existing loan accounts; loan payment processing; data entry of online loan applications into loan origination system; provide exceptional customer service.
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Competencies:
Accuracy and attention to detail; decision making and critical thinking; communication proficiency; flexibility and adaptability; managing multiple priorities; operational functions; Organization skills; Proficient with Microsoft Word & Excel; comprehension of Federal & State Regulations.
Supervisory Responsibilities:
This position has no supervisory responsibilities.
Work Environment:
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, scanners, filing cabinets and fax machines.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. This is a largely sedentary role; however, some filing is required. This would require the ability to lift files (up to 50 lbs.), open filing cabinets and bending or standing on a stool/ladder as necessary.
Position Type/Expected Hours of Work:
This is a full-time position with a 40-hour work week. Hours of work and days are Monday through Friday, 8:30am to 5:00pm (flexible).
Travel:
May need to attend seminars/conferences.
Required Education and Experience:
High School Diploma or GED required.
Preferred Education and Experience:
Loan Processing Experience and knowledge of banking regulations preferred.
“Equal Employment Opportunity/Affirmative Action Employer”
Job Type: Full-time
Benefits:
Schedule:
Ability to Relocate:
Work Location: In person
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