Loan Operations Specialist II

Investar Bank National As; Oxford (AL); On-site; USD 42,000 - 66,000; Full time

Job summary

Investar Bank National As in Oxford, AL is seeking a Loan Operations Specialist II to manage closing, booking and servicing for commercial, real estate and consumer loans. The role supports loan officers and coordinates with customers, attorneys, appraisers, and insurers to finalize loan closings.

The candidate will review title commitments, disburse funds, and ensure compliance with bank policy and credit approvals, while mentoring junior staff and maintaining accuracy.

Qualifications

• Bachelor’s degree, notarial commission, paralegal certificate or equivalent work experience required.
• 2+ years’ previous loan administration experience.

Responsibilities

• Ensures that new loans and renewals are closed in compliance with the Bank's loan policy and credit approval requirements.
• Supports loan officers by communicating with customers, attorneys, appraisers, insurance agents, etc., to coordinate loan closings.
• Accurately generates loan documents for various loan types.
• Creates documentation to close commercial, real estate and consumer loans without counsel.
• Reviews title commitments and surveys for acceptable exceptions.
• Coordinates fund disbursement and post-closing review of loans.
• Ensures timely escrow payments and servicing requirements for the mortgage portfolio.
• Assists other loan operations staff in collateral review and compliance tasks.
• Maintains compliance with applicable laws, regulations, policies and guidelines.
• All other duties as assigned.

Skills

Attention to detail

Strong interpersonal skills

Verbal and written communication

Time management

Analytical skills

Quick learner

Organizational skills

Education

Bachelor’s degree

Notarial commission / paralegal certificate or equivalent

Tools

Laser Pro System

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Loan Operations Specialist II

Full Time Clerical Oxford, Oxford, AL, US

2 days ago Requisition ID: 1638

Job Function –
Ensures the accurate documentation, closing, booking, servicing and imaging for various loan types originated by the Bank. May also be assigned special projects and/or called upon to perform a degree of management responsibilities in the absence of the manager.

Job Responsibilities –

Ensures that new loans and renewals are closed in compliance with the Bank's loan policy and in compliance with any other requirements designated by the credit approval authority.

Supports loan officers by communicating with customers, attorneys, appraisers, insurance agents, etc. to coordinate the details of loan closings.

Accurately generates loan documents in an efficient manner.

Independently and accurately creates documentation to close commercial loans, real estate loans and all consumer loans without the assistance of counsel.

Drafts preliminary waivers of loan agreements, amendments to loan agreements, and other various agreements, as requested by Lenders.

Reviews title commitments and surveys to ensure that the commitment is satisfactory and does not contain any exceptions that are unacceptable to the Bank.

Tracks outstanding documentation exceptions and critical dates.

Coordinates the disbursement of funds for the various types of loan closings and performs post-closing document reviews, and the booking of these loans.

Ensures timely generation escrow payments and fulfill other servicing requirements for the conventional mortgage portfolio.

Assists other less experienced Loan Operations staff in:

• Identifying and clearing all collateral exceptions within appropriate time periods.
• Reviewing loan documents drafted by outside counsel, for all loans, to ensure that the documents comply with the requirements of the appropriate credit approval authority.
• Reviewing files for all loans and identify any existing collateral defects.

Ensures that own work is in compliance with all applicable laws, regulations, policies and guidelines.

All other duties as assigned.

Education and Related Experience –

• Bachelor’s degree, notarial commission, paralegal certificate or equivalent work experience required working in the loan operation functions for a financial institution required.
• 2+ year’s previous loan administration experience.

Skills and Abilities –

• Through understanding of PC based word processing and spreadsheet software.
• Understanding of PC applications
• Thorough understanding of the Laser Pro System
• Thorough knowledge of loan processing/booking
• Thorough understanding of the principles governing loan documentation and the perfection of security interests
• Thorough understanding of the loan operations function
• Ability to gather and analyze data to reach a decision to resolve any issues
• Ability to quickly learn new skills
• Strong interpersonal skills
• Good organizational/planning skills
• Ability to effectively manage time
• Independent and sell motivated
• Detail oriented
• Good verbal and written communication skills
• Good analytical skills
• Excellent interpersonal skills

Working Conditions and/or Physical Requirements –

• Ability to work under stress and meet deadlines.
• Ability to operate a keyboard if required performing the essential job functions.
• Ability to read and interpret a document.
• Ability to travel if required to perform the essential job functions.
• Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department an “undue hardship” then the employee must be accommodated; hence, omitting lifting as a physical requirement.

Equal Opportunity Employer/Veterans/Disabled