Consumer Loan Closing Specialist

Home Bank; Lafayette (LA); On-site; USD 30,000 - 47,000; Full time

Job summary

Home Bank in Lafayette, LA is seeking a Consumer Loan Closing Specialist to review and prepare consumer loan closing documents in compliance with loan policy and state/federal regulations. The role involves ordering flood determinations, appraisals, and title work while ensuring perfect lien positions and accurate settlement statements.

The ideal candidate has a bachelor's degree in business or equivalent experience, plus 3 years of banking with 2+ in loan documentation, strong MS Office skills,

Qualifications

• Bachelor's degree or equivalent years of relative experience.
• Three years' banking experience with two or more years preferably in the loan documentation environment.
• Good computer, analytical and organizational abilities with attention to detail. Proficiency with Microsoft Office (Excel and Word) is preferred
• Demonstrated knowledge of consumer lending processes including consumer loan documentation, software platforms, internal loan processes, governmental regulations and requirements preferred

Responsibilities

• Review loan closing documentation for accuracy on all consumer loans in accordance with loan policy, state, and federal regulations.
• Prepare accurate loan closing documentation for all consumer loan types, including CD/Savings Secured loans, Auto Loans, Unsecured Loans and Real Estate Secured Loans.
• Order Flood Determinations and accurately prepare flood notices if property is in a defined flood hazard area
• Order appraisals and engage attorneys for necessary loan transactions including title work from title companies and attorneys; review appraisals and title work to ensure valid lien position

Skills

Detail-oriented

Analytical skills

Customer service

Time management

Communication

Education

Bachelor's degree in business

Tools

MS Excel

MS Word

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Consumer Loan Closing Specialist

Active - Regular full-time Hourly Kaliste Saloom.Annex, Lafayette, LA, US

3 days ago Requisition ID: 2744

PURPOSE OF THE JOB

This position is responsible for reviewing and preparing consumer loan closing documentation in accordance with loan policy, state, and federal regulations.

MAIN DUTIES OF THE JOB

• Review loan closing documentation for accuracy on all consumer loans in accordance with loan policy, state, and federal regulations.
• Prepare accurate loan closing documentation for all consumer loan types, including CD/Savings Secured loans, Auto Loans, Unsecured Loans and Real Estate Secured Loans.
• Order Flood Determinations and accurately prepare flood notices if property is in a defined flood hazard area
• Order appraisals and engage attorneys for necessary loan transactions which include but is not limited to title work from title companies, Clerk of Court and/or attorneys. Review appraisals and title work to recommend any needed corrective documentation to ensure Home Bank will have a valid lien position.
• Verify accuracy of loan documentation including, but not limited to legal descriptions, closing dates, signatures required for lien perfection, preliminary title (title policy, title opinion, etc.) to ensure proper endorsements and lien position, insurance coverage, flood requirements, etc.
• Responsible for calculating final loan amounts and ensuring the settlement statement is balanced.
• Independently identify the appropriate documentation required to ensure proper lien perfection
• Verify appropriate authority provided for loan approval
• Prepare monthly reports as defined by management
• Maintain current knowledge of legal and compliance issues to ensure that all loans processed adhere to applicable state and federal regulations
• Assist in keeping all lenders aware of changes in loan related fees and other relevant information
• Provide a high level of customer service through assistance and consultation with internal clients regarding specific transactions and potential issues
• Maintain exception tracking on any exceptions approved by management prior to closing. Ensure that any exceptions are approved appropriately
• Work with Loan Admin personnel to resolve loan exceptions
• Accept additional duties assigned which include but are not limited to working as a backup for Commercial Closing and other areas in the Credit Department.

JOB QUALIFICATIONS

• Bachelor's degree in business or equivalent years of relative experience
• Three years' banking experience with two or more years preferably in the loan documentation environment
• Good computer, analytical and organizational abilities with attention to detail. Proficiency with Microsoft Office (Excel and Word) is preferred
• Demonstrated knowledge of consumer lending processes including consumer loan documentation, software platforms, internal loan processes, governmental regulations and requirements preferred
• Possess an ability to work under strict deadlines with shifting priorities
• Ability to apply independent thought and logic in order to provide the customer with an accurate loan package
• Demonstrated strong interpersonal, communication and customer service skills
• Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
• Ability to apply general rules to specific problems to produce answers that make sense.
• Ability to concentrate on a task over a period without being distracted.
• Ability to take initiative, support strategic priorities, take ownership of assigned projects, and independently drive for results.
• Excellent organizational and time management skills with the ability to work under pressure and adapt to change and meet deadlines.
• Excellent analytical and problem-solving skills including ability to diagnose, resolve or elevate a critical situation.

HOME BANK IS AN EQUAL OPPORTUNITY EMPLOYER

GOOD CREDIT IS A MUST

CREDIT REPORT IS REQUIRED FOR EMPLOYMENT