Loan Administrative Assistant

The-Bank-of-Missour; Columbia Township (MO); On-site; USD 38,000 - 52,000; Full time

Job summary

The Bank of Missouri is seeking a Loan Administrative Assistant in a full-time role based in our Missouri office. You will support loan officers by processing, closing and servicing loans, maintaining client files, and ensuring compliance with bank policies and regulatory requirements.

You will also prepare various documents, notarize signatures, respond to inquiries, and assist with daily office tasks such as mail handling and file organization.

Qualifications

• Associates Degree in business related field plus additional bank-related training and secretarial training; or three to four years related experience and/or training; or equivalent combination of education and experience.

Responsibilities

• Produce correspondence, schedule and assist Officers in managing client relationships and maintaining account files per bank policy and regulatory requirements.
• Perform loan processing, closing, setup, and servicing tasks including pulling credit histories and preparing processing and closing documents.
• Review files to ensure proper documents and disbursements; obtain payoff information and ensure accuracy after closing.
• Prepare legal documents to ensure proper lien on collateral; notarize signatures for loan closings and customers.
• Handle mail, organize files, answer calls, greet visitors, and manage file routing and filing.

Education

Associates Degree in business related field

Job description

Working at The Bank of MissouriAt The Bank of Missouri we know it takes great people to support the communities we serve! We are passionate about caring for people and communities, and know how to recognize and reward our employees for their talent and contributions. When you work at The Bank of Missouri, you not only get to help others, but you also get the resources, opportunities and support to grow your own career.About our CompanyStaying in business for more than 130 years is hard. Really hard. If you think about it, we've endured many events, like the Great Depression and two World Wars. We've survived and thrived, thanks to our great customers and communities. We were founded on core values of accountability, community service and financial conservatism. Those principles are the reason we are still in business today. Caring for people and communities is our foundation!We've built a reputation of being financially secure and community focused. We are an independent community bank and fully intend to stay that way. We are big enough to accommodate any financial need, yet small enough to give every customer the personal treatment they deserve.Here are some of the great benefits you will enjoy as a member of our team:Competitive SalaryPersonal paid time off and paid holidays, as eligible401K and Employee Stock Option Plan, as eligibleGenerous medical, dental, vision, life and disability insuranceFitness reimbursementLearning, development and growth opportunitiesAbout this job:Loan Administrative Assistants are responsible for producing correspondence, scheduling and assisting Officers in management of client relationships and maintaining client account files/relationships in conformity with bank policy and regulatory requirements. They also perform loan processing, closing, set-up, and follow-up (servicing) responsibilities associated with the documentation and posting necessary in granting credit to the Banks borrowers. .As a Loan Administrative Assistant, you will:Maintain educational and professional expertise by completion of relevant on-line or in-house training, and/or through attendance at job related seminars, conferences, and workshops.Maintain confidentiality of customer account information. Follow established policies and procedures in responding to inquiries and requests.Perform full range of duties pertaining to the loan processing/closing/servicing function, including, but not limited to the following: pull system inquiries to obtain credit history information on potential borrowers, answer customer inquiries, prepare processing and closing documents for new and refinanced loan closings.Review files to ensure that proper documents and disbursements are prepared accurately for loan officer or assistant performing the closing.Obtain pay-off information as necessary. Demonstrate ability to review files after closing to ensure that all documents are signed and checks are disbursed.Review loan document requirements prior to and after loan closing in conformity with compliance requirementsComplete loan disbursements for clients timely and accurately.Prepare various legal documents to ensure proper lien on collateral of loan client.Type correspondence including memos, letters, mailings and file comments.Read and route incoming mail. Locate and attach appropriate file to correspondence to be answered by employer.Organize and maintain file system, filing correspondence and other records.Courteously answer and screen telephone calls.Courteously greet scheduled visitors and direct to appropriate area or person.Fed Ex loan papers to customers.Notarize signatures for loan closings and customers.Conduct research on file history in preparation for client meetings or in response to auditory inquiries.Process all types of loan payments.Forward lien requests to Recorder and follow-up to insure proper recording of liens. Prepare releases and satisfactions for loans.Request yearly financial updates, annual reports, and current tax filings from borrowers.May handle loan exceptions and communicate with appropriate loan officers in that regard.Make copies of correspondence or other printed materialsPrepare outgoing mail and correspondence, including e-mail and faxes for loan officers.Qualifications for SuccessAssociates Degree in business related field plus additional bank-related training and secretarial training; or three to four years related experience and/or training; or equivalent combination of education and experience.The Bank of Missouri is an Equal Opportunity Employer.