Loan Administration Specialist II

Socket.dev; Bentonville (AR); On-site; USD 42,000 - 64,000; Full time

Job summary

Socket.dev is seeking a Loan Administration Specialist II to coordinate and prepare various loan requests and ensure timely closings. You will collaborate with loan analysts and loan officers across commercial, agricultural, consumer, and TILA/RESPA portfolios.

The role requires a high school diploma or GED, 5 years banking/loan experience, strong computer skills, and excellent written and verbal communication. Knowledge of bank policies and federal regulations is preferred.

Qualifications

• Requires a high school diploma or GED.
• Minimum 5 years experience in banking or loan operations.
• Strong computer skills and proficiency with standard software.
• Excellent written and verbal communication skills.

Responsibilities

• Coordinate loan closing process for commercial, agricultural, consumer, and other loan types.
• Prepare and assemble loan documentation to ensure accuracy and compliance with policies and regulations.
• Communicate status of loan requests with lending staff and borrowers.
• Utilize bank software systems to manage loan documents and workflow.
• Ensure adherence to bank policies and federal banking regulations.
• Provide outstanding customer service to internal and external customers.

Skills

5+ years banking/loan experience

Strong computer skills

Excellent written and verbal comms

Education

High school diploma or GED

Tools

Bank software systems

Job description

Description

Position Summary:

The Loan Administration Specialist II position’s primary responsibility is to coordinate and prepare various types of new, modified, and renewed loan requests. This position works collaboratively with loan analysts and loan officers to facilitate smooth and timely closings.

Major Duties and Accountabilities:

• Takes part and embraces the Legacy Culture and gives outstanding customer service to internal and external customers.
• Responsible for preparing and coordinating the loan closing process.
• Comply with all bank policies and procedures regarding areas of assignment and responsibility.
• Must be knowledgeable in the loan department processes.
• This position must coordinate and prepare loan closings for the bank’s commercial, agricultural, consumer and TILA/RESPA credit.
• Uses the Bank’s loan policy and processes to request loan documents according to approval, collateral, and additional documentation. Communicates lending staff regarding status of loan requests, missing information needed from the lender/borrower.
• Utilize bank’s software systems to work efficiently to complete the loan process as well as upload all relevant loan documents.
• Prepare, review, and assemble loan documentation to ensure accuracy and compliance with bank policy and federal banking regulations.
• Prepare funding documentation as needed.
• Reviews imaging system for documentation deficiencies for renewals and modification requests.
• Formulate professionally written responses to incoming internal and external customer emails with accurate information and withing the established timelines.
• Other responsibilities as assigned.

Requirements

• Required:
• A high school diploma or GED equivalent.
• 5-year previous banking/loan experience.
• Strong computer skills.
• Excellent written and verbal communication skills.

• Preferred:
• Knowledge of Farmer Mac, FSA, and SBA guarantee loan products.
• Knowledge of TILA RESPA Integrated Disclosure rule.
• Knowledge of loan terminology and elements/process required to close a loan.
• Knowledge of general banking principles and federal and/or state regulatory lending laws.