Loan Administration Assistant

Communitybank; Brandon (MS); On-site; USD 35,000 - 50,000; Full time

Job summary

CommunityBank is seeking a Loan Administration Assistant to provide cross-functional support for loan operations. The role includes reviewing loan transactions for accuracy, data entry, report submission, and ensuring compliance with bank policies.

The position requires a high school diploma or GED and preferably at least three years of banking experience. Knowledge of bank products and federal/state laws is essential, with duties spanning documentation, reporting, and loan administration

Qualifications

• Graduation from high school or GED required.
• Minimum of three years’ work experience in the banking industry preferred.
• Thorough knowledge of bank products and services and applicable federal and state laws.

Responsibilities

• Review and analyze all loan transactions for accuracy and flag irregularities.
• Demonstrates understanding of general accounting principles.
• Perform data entry, reviews and submits reports.
• Review tracking reports and tracking exceptions.
• Document and data review of new and renewed loans, denials, and compliance-related items.
• Handle credit bureau disputes and related tasks.
• Process document transmission and recording activities.
• Serve as vault custodian for loan and collateral documents.
• Imaging and verification of loan documents.

Skills

Loan analysis

Accounting principles

Data entry

Reporting

Education

High school diploma or GED

Job description

General Job Responsibilities

CommunityBank Loan Administration Assistants provide support servicessystem wide in various capacities. The assistants in this classification may carry different functional titles but have similar competencies and education and experience requirements. Specific requirements based on the designated responsibilities may be provided at the time of recruitment and hiring. Loan Administration Assistant positions include responsibilities for scanning documents, tracking and reporting, insurance verification, balancing, credit checks, government reporting and other documentation and reporting. TheLoan Administration Assistant must possess a thorough knowledge of all bank products and services; fully understand and adhere to all federal and state laws and the policies related to the industry and their particular section; and have the ability to research issues and respond to questions from staff.Loan Administration Assistants report toa Loan Administration Supervisor or Manager. Duties of the Loan Administration Assistant may include:

• Thoroughly reviewing and analyzing all loan transactions for accuracy.Questions any irregularities or unusual occurrences regardless of origin
• Demonstrates ability to understand general accounting principles
• Performs data entry, reviews and submits reports
• Reviews and performs tasks for tracking reports, and tracking exceptions

• Performs documentation and data review of new and renewed loans, loan denials, hmda, for compliance, lien perfections and bank policies
• Performs tasks related to credit bureau disputes, judgments, and law suits
• Performs tasks related to sending, receiving, and cancelling documents recorded and to be recorded.
• Loan Administration Department serves as vault custodian for all loans and collateral documents
• Performs tasks for document imaging of loan documents and verification of images
• Reviews and tracks insurance policies for loans to ensure continued coverage for applicable collateral.
• Performs tasks related to escrow loans
• Reviews loan notices and statements
• Other duties as assigned by Supervisor or Manager

Education and Experience

Education

Graduation from high school or equivalent GED required.

Experience

A minimum of three year’s work experience in the banking industry preferred.