Commercial Loan Processor

INTERNATIONAL BANK OF COMMERCE; Highmore (SD); On-site; USD 38,000 - 57,000; Full time

Job summary

IBC Bank in Highmore, SD seeks a Loan Processor to prepare commercial loan documents and support the loan closing process with focus on credit quality and risk management. This in-office role supports timely closings and accurate documentation for customers and lenders.

The ideal candidate has 1-2 years related experience, strong communication and organizational skills, and proficiency in Word, Excel, and Outlook; bilingual English/Spanish is a plus.

Qualifications

• Excellent verbal and written communication skills.
• Good organizational skills.
• Bilingual in English and Spanish preferred.
• Proficiency with Microsoft Word, Excel, and Outlook.

Responsibilities

• Prepares loan documents accurately and to close the loan as scheduled.
• Facilitates the timely ordering of required documents (title work, compliance documents, flood documents, appraisals).
• Audit the loan documentation to ensure that all documents are in order prior to loan closing.
• Upload loans onto the PCS system.
• Reviewing reports on input and verifying information was entered correctly.
• Receive loan requests and ensure loan information is properly entered into the correct system for processing.
• Serve as a primary contact to assist lenders, customers, attorneys, and title company with loan closings.
• Monitor loan compliance with all applicable laws, regulations, and company policies.
• Create detailed reports for management related to loan processing.

Skills

Verbal communication

Written communication

Organizational skills

Analytical skills

Bilingual English/Spanish

Tools

MS Word

MS Excel

Outlook

Job description

IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects its dedication to the growth and success of its employees, customers and communities. IBC bank hires talented, creative and dedicated individuals to help our business succeed. We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence. We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience.

Contract and Hours

Time Type: Full time. This is an in-office position. Department: 200 Commercial Operations

Job Summary

The Loan Processor prepares the commercial loan documents and ensures that the loan documents are prepared accurately and on a timely basis. Responsibilities include assisting the loan officer with the process of the scheduled loan closing by gathering the required information necessary to close the loan with a focus on credit quality and overall risk management. Emphases on closing the loan on a timely basis. The customer has deadlines to obtain the funds and complete the transaction.

Essential Job Functions

• Prepares loan documents accurately and to close the loan as scheduled.
• Facilitates the timely ordering of required documents (title work, compliance documents, flood documents, appraisals) and any other documents necessary to prepare the loan documents, based on board policy and regulatory requirements.
• Audit the loan documentation to ensure that all documents are in order prior to loan closing paying close attention to detail in the preparation of documents.
• Upload loans onto the PCS system.
• Reviewing reports on input and verifying that information was entered correctly.
• Receive loan requests and ensures loan information is properly entered into the correct system for processing.
• Serve as a primary point of contact to assist internal and external stakeholders (lenders, customers, attorneys, title company) with various questions regarding loan closings.
• Consistently analyze all loan documentation during processing to ensure accuracy of data and adherence to company policies and regulatory to safeguard IBCs legal position with the loan.
• Create and maintain completeness of loan files both electronically and/or hard copies.
• Perform detailed audits of loan request to ensure accurate and timely delivery of loan documents.
• Monitor loan compliance with all applicable laws, regulations, and company policies.
• Create detailed reports for management related to all activities and status of loan processing.
• Other duties as assigned.

Skills

Excellent verbal and written communication skills required. Good organizational skills. Critical and analytical skills. Proficiency with Microsoft Word, Excel, and Outlook preferred. Bilingual in English and Spanish preferred.

Experience

1 - 2 years related experience.

IBC Bank was founded in 1966 to meet the needs of small businesses in Laredo, Texas. The bank's success is a result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects it's dedication to the growth and success of it's employees, customers and communities. Our commitment to "Do More" for the communities we serve permeates our company from top down. The success of IBC and it's 50 consecutive years of growth and profitability are due to strong leadership, customer centric business philosophy and our motto of "Doing More" in our communities. Wait there's more! We offer a comprehensive benefits package, based on eligibility, benefits include:

Benefits

• Medical Plan
• Employer Paid Life Insurance
• Flexible Spending Program
• 401k
• Profit Sharing Program
• Vision
• Dental
• Disability Tuition Assistance Program
• Sick Leave
• Vacation Paid Holidays