Loan Closing Processor

Stock Yards Bank & Trust; Louisville (KY); On-site; USD 45,000 - 60,000; Full time

Job summary

Stock Yards Bank & Trust in Louisville is seeking a Loan Closing Processor to support the Loan Operations team. You will prepare and process loan documents, verify collateral, and track CRA/HMDA data while coordinating with lenders and staff to ensure compliance with policy and regulations.

Key duties include reviewing closing packages, answering questions, performing quality reviews, and maintaining pre-closing organization of files.

Qualifications

• Employees are expected to represent Stock Yards Bank & Trust in a professional manner to customers and outside contacts
• Must have excellent interpersonal communication skills, consisting of the ability to write and speak effectively to others
• Must be a productive team player, with the ability to learn, apply training and comprehend policies and procedures
• Be flexible in changing working situations and able to meet deadlines as they arise

Responsibilities

• Prepares and processes all related loan documents with attention to accurately securing all types of collateral by working with Lenders and their support staff to obtain the necessary information to accurately document those loans in compliance with loan policy, credit approvals and regulatory laws
• Tracks CRA and HMDA data on the Bank's documentation software
• Answer questions via telephone or email regarding proper closing procedures, due diligence, etc.
• Performs a closing quality review of loans prepared by employees and other teammates within the department which indicates any missing items or errors via the use of the Bank's Documentation Checklist. This is done with a high level of concentration on preventing and eliminating policy and regulatory documentation exceptions
• Pre-closing organization of electronic loan files, vendor orders and obtaining good standing verifications from applicable Secretary of State for every business / commercial loan documented
• Responsible for continuing education and training via the use of the Bank's computer-based training classes and other classes and seminars as assigned by Department Manager
• reviews legal work from attorneys for Lenders as requested and Flood Certification to ensure compliance
• Performs UCC Searches
• Other duties as assigned

Skills

Typing speed 50 wpm

Interpersonal communication

Team player

Deadline oriented

Customer service mindset

Education

High School Diploma or GED

Tools

Microsoft Word

Excel

Job description

Job Title: Loan Closing Processor

FLSA Status: Non-Exempt

Department: Loan Operations

Hours of Operation: Monday - Friday, 8:00am - 5:00pm

General Job Summary:

Assist in the documentation process for the Bank's loan documents. Review of closing packages including Lease and Letters of Credit requests that are prepared within the department. Tracks Community Reinvestment Act Data for all loans. Assists Commercial, Private Bankers, Small Business Bankers and Retail Officers and their corresponding support staff in performing and collecting all due diligence items on loans. Assists Loan Closing Manager with special projects as needed.

Organizational Duties and Responsibilities:

• Supports the mission, vision and philosophy of the Bank. Complies willingly with all organizational policies and procedures.
• Supports all functions that maintain compliance with regulatory agencies.

Essential Duties and Responsibilities:

• Prepares and processes all related loan documents with attention to accurately securing all types of collateral by working with Lenders and their support staff to obtain the necessary information to accurately document those loans in compliance with loan policy, credit approvals and regulatory laws
• Tracks CRA and HMDA data on the Bank's documentation software
• Answer questions via telephone or email regarding proper closing procedures, due diligence, etc.
• Performs a closing quality review of loans prepared by employees and other teammates within the department which indicates any missing items or errors via the use of the Bank's Documentation Checklist. This is done with a high level of concentration on preventing and eliminating policy and regulatory documentation exceptions
• Pre-closing organization of electronic loan files, vendor orders and obtaining good standing verifications from applicable Secretary of State for every business / commercial loan documented
• Responsible for continuing education and training via the use of the Bank's computer-based training classes and other classes and seminars as assigned by Department Manager
• reviews legal work from attorneys for Lenders as requested and Flood Certification to ensure compliance
• Performs UCC Searches
• Other duties as assigned

Working Conditions: Works in an office setting using a computer and various programs; occasional visits to other areas within the Ban

Minimum Job Requirements:

Education: High School Diploma or GED

Experience: Minimum of 1 year's banking experience with Stock Yards Bank within the Commercial Loan Documentation Department

Comprehensive Skills:

• Employees are expected to represent Stock Yards Bank & Trust in a professional manner to customers and outside contacts
• Must have excellent interpersonal communication skills, consisting of the ability to write and speak effectively to others
• Must be a productive team player, with the ability to learn, apply training and comprehend policies and procedures
• Be flexible in changing working situations and able to meet deadlines as they arise

Specific Skills:

• Typing speed of 50 wpm
• Familiarity with Microsoft Word / Excel
• Employees should be comfortable working towards deadlines
• Detail-oriented
• Concentration on a team atmosphere with a high level of customer service to our lenders and their support staff
• Dependability with a follow through attitude

Specialized: Knowledge of HMDA, CRA, Reg O, Reg U, Articles 5 & 9 of the Uniform Commercial Code

Physical requirements:

The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Primarily sedentary work performed in an office environment
• Ability to sit for extended periods of time while working at a computer
• Frequent use of hands and fingers to operate a computer, keyboard, mouse, and other office equipment
• Ability to speak clearly and hear well enough to communicate with clients, team members, and vendors via phone, video, and in person
• Visual acuity sufficient to read computer screens, printed documents, and financial data
• Occasional standing, walking, bending, or reaching
• Ability to lift and carry up to 10-15 pounds occasionally (e.g., files, office supplies)