Loan Processor - Ortigas

TRBank, Inc.; Hinoba-an; On-site; PHP 167,000 - 279,000; Full time

Job summary

TRBank, Inc. in Hinoba‑an, Negros Occidental, is seeking a Loan Processor to handle loan applications, ensure completeness of documents, and perform KYC checks. You will prepare and encode loan details, print contracts, and coordinate with branches for disbursement.

The role requires careful attention to detail, ability to manage loan documents, and ensuring all parties sign before release under supervisor guidance.

Qualifications

• Attention to detail and accuracy required.
• Experience with document processing and KYC checks preferred.
• Familiarity with bank clerical procedures and record-keeping.

Responsibilities

• Check completeness of loan applications and signatories.
• Prepare and encode loan details (approved amount, reasons, disbursement type).
• Prepare and print loan contracts, payment schedules, and disclosure statements.
• Explain contract terms to clients and ensure client signatures prior to disbursement.
• Coordinate with branch and loan managers to resolve missing documents and irregularities.
• Perform KYC and authentication of collateral and IDs.

Skills

Attention to detail

Information gathering

Clerical procedures

Job description

• The Loan Processor checks the completeness of details and signatories of the Loan Application and Documentary Requirements. Know-Your-Client (KYC) Loan Document Checklist.
• The Loan Processor indicates all observable risks and seeks a decision for the next higher authority.
• The Loan Processor prepares and encodes loan application details such as approved loan amount, reasons of approval with deviation, the reason for disapproval of accounts, and disbursement type.
• The Loan Processor receives and collates loan checks and vouchers.
• The Loan Processor prepares and prints loan contracts (Promissory and Trust Receipt), Payment Schedule, and Disclosure Statement on Loan/Credit Transactions.
• The Loan Processors releases the loan check to the client after confirming the identity of the latter, explaining the content of the contract ( standard mode of payment, frequency of collection, proof of payment, obligations of all parties including the co-maker, etc.), and facilitating the signing of pertinent documents (loan with chattel mortgage/REM, Promissory Note/Trust Receipt, Disclosure Statement, Check Voucher)
• The Loan Processor ensures that the client signs all loan documents prior to loan disbursement.
• The Loan Processor performs other functions as directed by the Immediate Supervisor or the management from time to time.

Management

• Prepares check voucher for Agents Commission.
• Preparation of Thank you letters for clients
• Endorses check voucher to Treasury Department for check preparation.
• Endorses loan documents, PDCs, and Collateral for Notary of Promissory Note, Prior Mortgage, and Re-Mortgage ORCR from different branches.

Operations

• Ensure logging of the daily received accounts.
• Compile credit and loan documents on a credit folder and orderly arrange the documents on the standard set by the bank.
• Transmit arranged credit folder to CRAD for grooming.
• Attend customers questions, requests, and concerns immediately and courteously.
• Ensure that the scheduled releases are attended to properly and immediately.
• Endorse approved releases to the branch for disbursement.
• Coordinates missing/ lacking requirements /documents/ irregularities to loan managers for completion /resolution.
• Ensure proper filing of loan documents in Credit Folder.
• Conducts KYC and authentication of Collateral and validation of submitted IDs
• Carefully compute the agents commissions based on the Credit Folders information.
• Endorse agents commissions to the Team Lead for checking.

Monitoring and Reporting

• Monitoring of Daily Releases (Collateral, PDCs, and insurances)
• Monitoring of insurance security checks
• Transmittal Report (Collateral, PDCs, and insurances)

Custodianship

• Receives and Safe keep Credit Folders of approved accounts until such account was released.

COMPETENCIES

• Attention to detail and accuracy
• Information gathering and monitoring
• Knowledge of clerical and administrative procedures such as filing and record-keeping