Loan Processing Specialist

Farm Credit Services; Edmond (OK); On-site; USD 42,000 - 62,000; Full time

Benefits offered by this job

401(k) Contribution 3%, Match 6%

Paid Vacation (15 days)

Sick Leave (15 days)

Holidays (12 days)

Flexible Spending Accounts

Health Savings Accounts

Wellness program activities

Job summary

Oklahoma AgCredit is seeking a Loan Processing Specialist to prepare and finalize loan documents, coordinate closings, and disburse funds. The role supports staff and external partners to ensure accurate documents and timely funding.

The position requires an Associate’s degree in AgBusiness or a related field and about 2 years of banking/customer service experience. Strong knowledge of agricultural lending and proficiency with Word/Excel/Outlook are expected, with a focus on accuracy and

Qualifications

• Associate’s degree in AgBusiness or related field.
• 2 years of related banking and customer service experience.

Responsibilities

• Prepares Preliminary and Closing loan documents for Association according to loan type.
• Identifies missing items or information and coordinates with Loan Officers to ensure documents are complete before closing.
• Coordinates loan closing information with Lending Officers, Title Companies, and Closing Agents; handles title work, fees, and logistics.
• Requests corrections on documents from external sources (closing companies or attorney offices).
• Books loans in loan origination system and disburses funds upon approval.
• Backs up teammates by posting payments, answering phones, and assisting customers when needed.

Skills

Agricultural lending knowledge

Word/Excel/Outlook

Information gathering

Time management

Policy adherence

Documentation processing

Oral and written communication

Education

Associate’s degree in AgBusiness or related field

Tools

Loan origination software

Job description

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

• Prepares Preliminary and Closing loan documents for Association according to loan type by:
  • 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
• 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 offers a competitive compensation and benefits package, including:

• Competitive base pay with an incentive plan
• 401(k) Contribution 3%, Match 6%
• Paid Vacation (15 days), Sick Leave (15 days) and Holidays (12 days)
• Flexible Spending and Health Savings Accounts
• Wellness program activities and rewards
• Customer-Centric Environment
• Opportunity to Give Back to Agriculture

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.