Loan Processing Specialist

Oklahoma AgCredit; Edmond (OK); On-site; USD 42,000 - 56,000; Full time

Job summary

Oklahoma AgCredit is seeking a Loan Processing Specialist to prepare accurate loan documents, coordinate closing activities, and disburse loan funds after closing. The role involves collecting information, inputting data into origination software, and packaging loan files for printing.

Key duties include ensuring completeness of documents, coordinating with lenders and title offices, and backing up team members as needed to support a smooth loan process.

Qualifications

• Associate’s degree in AgBusiness or similar field required or equivalent experience.
• Bachelor’s degree preferred.
• 2 years of related experience in banking, financial services, legal and title work, or an equivalent combination of education and experience.

Responsibilities

• Gather information from internal and external sources for loan documents.
• Input information in the loan origination software and edit documents to set up signature lines, dates, and disbursement amounts.
• Package new loans, perform interest rate conversions, additional advances, and renewals of Lines of Credit documents for printing.
• Identify missing items and coordinate with Loan Officers and Loan Servicing Specialists to ensure documents are complete before closing.
• Coordinate loan closing information with Lending Officers, Title Companies, Abstract Offices, and Closing Agents; request corrections on external documents as needed.
• Create a timeline for loan completion with Lending Officer; request wires and/or checks from Accounting.
• Book loans in the loan origination system and disburse funds in Teller upon approval.
• Back up team members when they are absent and assist customers as time allows.

Skills

Agricultural lending knowledge

Office software proficiency

Documentation and data gathering

Time management

Communication skills

Education

Associate’s degree in AgBusiness or similar field

Bachelor’s degree preferred

Tools

Loan origination software

Job description

Loan Processing Specialist

Location: flexible within Oklahoma

Hours: M – F (8am to 4:30pm)

Position Summary:

The Loan Processing Specialist corresponds with Association staff and external sources to produce accurate loan documents in a timely manner and books and disburses loan funds upon loan closing.

Position Responsibilities:

• Loan Documentation
  • Gathering information from internal and external sources
  • Identifying documents to include and exclude
  • Inputting information in the loan origination software
  • Editing documents to set up signature lines for borrowers, document dates and identify disbursement amounts and beneficiary information
  • Packaging new loans, interest rate conversions, additional advances, and renewals of Lines of Credit documents for printing
• Identifies missing items or information and corresponds with Loan Officers and Loan Servicing Specialists to ensure documents are complete prior to closing
• Loan Closing
  • Corresponds with Lending Officers, Title Companies, Abstract Offices, and Closing Agents to coordinate loan closing information such as the title work, fees and logistics of the loan closing
  • Requests corrections on documents received from external sources (closing companies or attorney offices)
• Loan Booking and Disbursement
  • Corresponds with Lending Officer to create timeline for loan completion
  • Requests wires and/or checks from Accounting department
  • Books loans in loan origination system
  • Disburses loan funds in Teller, upon Lending Officer approval
• Backup
  • Completes work for team members when they are absent
  • Backs up Lending Specialists by posting payments, answering phones and helping customers, as time allows

Minimum Qualifications:

• Associate’s degree in AgBusiness or similar field
• Bachelor’s degree preferred
• 2 years of related experience in banking, financial services, legal and title work, and customer service, or,an equivalent combination of education and experience sufficient to perform the essential functions of the job

Knowledge and Skills Required:

• General knowledge of agricultural lending
• Knowledge of Word/Excel/Outlook sufficient to create, update and save basic documents
• Skill in gathering, compiling and organizing information
• Skill in utilizing time in an efficient and effective manner
• Skill in applying policies and procedures
• Skill in processing complex, detailed forms and documents in an accurate and thorough manner
• Oral and written communication skills sufficient to discuss a variety of job-related topics, and to effectively communicate complex topics to a variety of audiences

Oklahoma AgCredit is an Equal Opportunity Employer dedicated to diversity in the workplace and offers a great work environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability, genetic information or protected veteran status. Employment with Oklahoma AgCredit is "at-will" which means either you, or the Association, may terminate your employment at any time, with or without cause, for any reason not prohibited by law, and with or without advance notice.

Important note: We care about your hiring process and take it seriously. A real person will review your application, meaning response timelines may vary. The interviewing process at Oklahoma AgCredit may include emails, texts, phone calls, and on-site interviews. We cannot personally follow-up with each applicant, and we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit.