Loan Assistant - Bentonville

NWA Daily LLC; Bentonville, Northern (AR, KY); Hybrid; USD 25,000 - 39,000; Full time

Benefits offered by this job

Medical

Dental

Vision

401(k)

Life Insurance

Health Savings Account

Paid Time Off

Paid Paternal Leave

Paid Maternal Leave

Employee Assistance Programs

Competitive Salary

Job summary

Generations Bank in Bentonville, AR is hiring a Full-Time Loan Assistant to support loan officers and streamline the application process. This onsite role focuses on guiding borrowers through loan options, preparing documentation, and ensuring regulatory compliance, contributing to customer satisfaction and community trust.

The position offers growth opportunities within a professional team, with a comprehensive benefits package including medical, dental, vision, 401(k), and PTO.

Qualifications

• High school diploma or GED required.
• 1+ years of loan assistant experience.
• Valid driver's license and vehicle with appropriate insurance if driving is required.
• Ability to perform the essential functions and physical demands of the job as listed in the description.

Responsibilities

• Process loan applications and review for accuracy and completeness.
• Serve as primary contact for borrowers and provide status updates.
• Coordinate closings with title companies, attorneys, and insurers.
• Prepare and organize loan documentation including notes and mortgages.
• Maintain post-closing tasks such as filings and insurance expiries.
• Perform lien searches and ensure proper collateral perfection.
• Input loan data into core banking system for reporting and billing.
• Identify and resolve documentation exceptions to stay audit-ready.

Skills

Attention to detail

Communication skills

Customer service

Education

High school diploma or GED

Job description

600 Southwest 41st Street, Bentonville, AR, USA

per hour

Hourly

Full Time

Join Generations Bank as a Full-Time Loan Assistant in Bentonville, where you will play a pivotal role in supporting our commitment to customer-centric loan processes. Immerse yourself in a professional and flexible environment that values accountability and stewardship, allowing you to cultivate meaningful relationships with both clients and colleagues. This onsite position offers a dynamic opportunity to develop your skills in the banking industry, enhancing your understanding of loan operations while directly contributing to customer success. By collaborating with an experienced team, you will gain invaluable insights into best practices and operational efficiencies.

Your contributions will significantly impact client satisfaction and community trust. You will have benefits such as Medical, Dental, Vision, 401(k), Life Insurance, Health Savings Account, Competitive Salary, Paid Time Off, Paid Paternal and Maternal Leave, and Employee Assistance Programs.

At Generations Bank, we prioritize a diverse and talented group of people who are encouraged to bring their full self to work. We are committed to a common goal, serving our community. Our four core values are more than words. They are at the heart of everything we do. We believe a team with a strong culture and unified purpose is better in the long run.

ACCOUNTABILITY: We believe our work commitments should be done fully, and lending a hand to fellow team members isn't optional.

RELATIONSHIPS: We believe when we treat our team and customers with humility, dignity, and pride we reach our highest potential.

COMMUNICATION: We believe in proactively sharing ideas and information.

STEWARDSHIP: We believe each team member should care for our assets and opportunities as if they were their own.

Your day to day as a Loan Assistant

As a Loan Assistant at Generations Bank in Bentonville, you will directly support loan officers by facilitating a seamless application process for borrowers. This role is essential in ensuring that clients fully understand their loan options and the terms involved, fostering a customer-centric approach. Your key responsibilities will include initiating credit requests, managing the intricacies of loan processing, and ensuring compliance with all closing requirements. Here are the job duties:

• Process Loan Applications: Review incoming files for accuracy and completeness, ensuring all required documentation meets bank and regulatory standards.
• Customer Relationship Management: Act as the primary point of contact for borrowers, providing status updates and resolving inquiries throughout the lending cycle.
• Coordinate Closing Logistics: Liaise with title companies, attorneys, and insurance agents to schedule closings and ensure all conditions are met.
• Prepare Loan Documentation: Generate and organize legal loan packages, including notes, mortgages, and disclosure statements.
• Portfolio Maintenance: Manage post-closing tasks such as filing UCC statements, monitoring insurance expirations, and tracking financial reporting requirements.
• Lien & Collateral Management: Perform lien searches and ensure the proper perfection of collateral to protect the institution's interests.
• Data Integrity: Input and maintain loan data within the core banking system to ensure accurate reporting and billing.
• Compliance Oversight: Identify and resolve documentation exceptions to maintain audit readiness and adherence to federal lending laws

What we're looking for in a Loan Assistant

To excel as a Loan Assistant at Generations Bank in Bentonville, certain skills are essential for success in this dynamic role. Strong attention to detail is crucial, as you will be responsible for accurately completing documentation and ensuring compliance with regulatory requirements. Effective communication skills are vital, enabling you to convey complex information clearly to clients and assist them in navigating the loan process.

BASIC QUALIFICATIONS - you must have these to be considered for this role:

High school diploma or equivalent (GED)

1 or more years of loan assistant experience.

Current driver's license and a vehicle with appropriate insurance coverage if required to drive while performing assigned duties and responsibilities.

Ability to perform the essential functions and physical demands of the job as listed in the Full Job Description attachment.

Interested in this job?