Loan Assistant

Mid-Missouri Bank; Springfield (MO); On-site; USD 35,000 - 45,000; Full time

Job summary

A leading bank in Springfield is seeking a Loan Assistant to join their team. This entry-level role involves preparing loan documentation, ensuring compliance with banking regulations, and providing support to loan officers. Ideal candidates will demonstrate strong communication, organization, and technology skills while working effectively in a fast-paced environment.

Qualifications

• Entry level position requiring strong communication and organizational skills.
• Must understand government banking regulations.

Responsibilities

• Produce accurate loan documents and maintain compliance.
• Assist with reports and audits for loan operations.

Skills

Communication

Organization

Time Management

Technology Skills

Job description

Join to apply for the Loan Assistant role at Mid-Missouri Bank.

Loan Assistants are primarily responsible for producing accurate and complete loan documents for the bank's loan customers.

Essential Duties

1. Create new loan files by preparing documentation for scanning, entry into banking information system, and proper storage.
2. Complete quality checks of loan packets, document deficiencies, and resolve exceptions with Loan Officer.
3. Track and complete invoicing for credit life sales on loans.
4. Complete lien searches and filings; maintain current liens by filing continuations and terminations as needed.
5. Monitor canceled insurance policies and initiate timely follow-up with internal parties.
6. Assist with reports and audits to evaluate loan operations performance, when necessary.
7. Perform responsibilities professionally and respectfully, in accordance with Bank policies, practices, and laws.
8. Communicate courteously and professionally with loan officers to provide accurate and timely documents to customers.
9. Stay current on all products, software, and regulation changes through training.
10. Understand government banking regulations applicable to consumer and commercial loans.
11. Coordinate with compliance officers and legal counsel to ensure regulatory and legal compliance.
12. Understand bank loan policies, procedures, and products.
13. Read and verify loan worksheets and memos for accuracy and completeness.
14. Verify the legal identity of persons or entities using specific forms of ID, such as Articles of Incorporation, Bylaws, Driver’s License, etc.
15. Prepare supporting documentation for loans, including applications, UCC searches, title work, insurance, appraisals, and other legal documents.
16. Perform other duties as assigned.
17. Maintain professionalism and a positive attitude in interactions.
18. Demonstrate strong communication, organization, and time management skills.
19. Work effectively under pressure and adapt to a fast-paced environment.
20. Utilize technology skills effectively.

Additional Information

• Seniority level: Entry level
• Employment type: Full-time
• Job function: Finance and Sales
• Industry: Banking