Loan Administration Specialist II

Legacy-Bank; Bentonville (AR); On-site; USD 42,000 - 65,000; Full time

Job summary

Legacy Bank is seeking a Loan Administration Specialist II in Bentonville, AR. The role coordinates and prepares various loan requests, collaborates with loan analysts and officers, and ensures timely closings while adhering to bank policies and regulatory requirements.

The position requires 5 years of banking/loan experience, strong communication, and solid computer skills to support commercial, agricultural, consumer, and other loan types. High school diploma or GED is essential.

Qualifications

• Requires a high school diploma or GED.
• Minimum 5 years of banking/loan experience.
• Strong written and verbal communication skills.
• Proficient in banking software and document workflows.

Responsibilities

• Coordinate and prepare loan closings for various loan types.
• Prepare and review loan documentation for accuracy and compliance.
• Communicate status and missing information to lenders and borrowers.
• Maintain up-to-date knowledge of loan policies and federal regulations.
• Provide excellent customer service to internal and external customers.

Skills

Computer skills

Communication skills

Customer service

Education

High school diploma or GED

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.