Loan Assistant

Stone Bank; Harrison (AR); On-site; USD 36,000 - 56,000; Full time

Job summary

Stone-Bank in Harrison, Arkansas is seeking a Loan Assistant to support the loan department with research, due diligence, and document preparation for transaction structures.

The role requires strong attention to detail, organization, and the ability to manage multiple tasks with lenders, appraisers, title companies, and other vendors. This position offers competitive salary, benefits, and growth opportunities within the lending team.

Qualifications

• One to three years of experience in financial institution lending.
• Proficiency in document preparation, Microsoft Office, Word and Excel.
• Strong organizational ability, dedication to quality and attention to detail.
• Ability to manage multiple tasks and deadlines for multiple parties.
• Ability to think quickly in complex situations and solve challenging problems in a pressure-filled environment.
• Excellent written and verbal communication skills.
• Ability to work independently with daily tasks.
• Strong interpersonal skills, with the ability to work well in a team environment.

Responsibilities

• Prepare various loan documents, working closely with loan operations and credit analyst.
• Handle all exceptions for designated lenders.
• Work with appraisers, title companies, flood determination companies and other third-party vendors.
• Research UCC liens and making UCC filings in several states.
• Draft correspondence to customers.
• Maintain selected and specified files.
• Communicate with customers and potential customers.
• Pull and replace loan files, as needed.
• Assist with maintaining the integrity of the loan files.
• Maintain knowledge of Board-approved loan policy and regulations pertaining to lending.
• Work with lenders on gathering and assembling pre-loan closing documents, review the printed documents for closing, and ensure all required loan documents are available for closing.
• Close loans upon lenders’ requests.
• Perform post-loan closing review of documents for signatures and ensure all documents are in the packet using loan checklist.
• Prepare reports as directed by the lenders.
• Review new laws and regulations that influence lending within the Bank.
• Courier documents when needed.
• Follow STONE’s policies, procedures and standards.
• Other duties as assigned by supervisor.

Skills

Experience in financial lending

Attention to detail

Document preparation

Microsoft Office

Word

Excel

Organizational skills

Independent work

Tools

Microsoft Office

Word

Excel

Job description

• Employee Type Full Time
• Manage Others No

Description

The Loan Assistant is responsible for assisting the Bank’s loan department with research and other duties as assigned. This role requires careful attention to detail and expert research skills. The assistant will be involved in the due diligence process related to pending loans and perform legal research to prepare materials for transaction structures.

Requirements

QUALIFICATIONS:

• One to three years of experience in financial institution lending.
• Proficiency in document preparation, Microsoft Office, Word and Excel.
• Strong organizational ability, dedication to quality and attention to detail.
• Ability to manage multiple tasks and deadlines for multiple parties.
• Ability to think quickly in complex situations and solve challenging problems in a pressure-filled environment.
• Excellent written and verbal communication skills.
• Ability to work independently with daily tasks.
• Strong interpersonal skills, with the ability to work well in a team environment.

ESSENTIAL JOB DUTIES:

• Prepare various loan documents, working closely with loan operations and credit analyst.
• Handle all exceptions for designated lenders.
• Work with appraisers, title companies, flood determination companies and other third-party vendors.
• R esearch UCC liens and making UCC filings in several states.
• Draft correspondence to customers.
• Maintain selected and specified files.
• Communicate with customers and potential customers.
• Pull and replace loan files, as needed.
• Assist with maintaining the integrity of the loan files.
• Maintain knowledge of Board-approved loan policy and regulations pertaining to lending.
• Work with lenders on gathering and assembling pre-loan closing documents, review the printed documents for closing, and ensure all required loan documents are available for closing.
• Close loans upon lenders’ requests.
• Perform post-loan closing review of documents for signatures and ensure all documents are in the packet using loan checklist.
• Prepare reports as directed by the lenders.
• Review new laws and regulations that influence lending within the Bank.
• Courier documents when needed.
• Follow STONE’s policies, procedures and standards.
• Other duties as assigned by supervisor.

Summary

BENEFITS

• Competitive salary and performance-based incentives.
• Health, dental, and vision insurance offered
• 401k with company match (after two years)
• Paid time off and holidays

Note:

This job description is intended to provide a general overview of the position. Duties and responsibilities may change based on business needs.