Loan Processing & Servicing Specialist

Legend Bank; United States; On-site; USD 42,000 - 62,000; Full time

Job summary

Legend Bank in the United States is seeking a detail-oriented Loan Processor to manage the lifecycle of consumer, commercial, and real estate loans from intake to closing. You will coordinate with customers, lenders, attorneys, and loan operations to gather documents, verify terms, and ensure accurate funding.

Responsibilities include tracking the loan file, communicating status, reviewing final documents for accuracy, and assisting with closings and post-closing reviews.

Qualifications

• High School education or equivalent.
• Two plus (2+) years of banking or related experience.

Responsibilities

• Acts as direct contact with customers, Lender and Loan Operations through loan process.
• Communicates with attorney, if necessary, on document preparation and title work.
• Orders loan documentation through Loan Operations. Reviews final documents noting proper rates, terms and conditions of the loan, ensures appropriate approvals and actions are taken for a successful loan closing.
• May assist the Lender with closings. Conducts a pre-closing and a post-closing file review and forwards the file to Central Loans for booking, scanning and filing.
• Manages the loan documentation pipeline by updating officer and borrower on loan status, ensuring timely preparation of the loan process.
• May be responsible for the servicing of loans, (e.g. payments, insurance, etc).
• Prepares payoff quotes and forwards to lenders and/or client.
• Monitors loans, partners with Lender to discuss past due ticklers and records documentation.
• Ensures compliance with banking policies, lending practices and regulatory process statutes, such as Patriot's Act.

Skills

Customer service

Attention to detail

Communication

Banking knowledge

Education

High School Diploma

Job description

Legend Bank in the United States is seeking a detail-oriented Loan Processor to manage the lifecycle of consumer, commercial, and real estate loans from intake to closing. You will coordinate with customers, lenders, attorneys, and loan operations to gather documents, verify terms, and ensure accurate funding.

Responsibilities include tracking the loan file, communicating status, reviewing final documents for accuracy, and assisting with closings and post-closing reviews.