Loan Processor

First Bank; Carmi (IL); On-site; USD 43,000 - 52,000; Full time

Benefits offered by this job

401K retirement plan

Job summary

First Bank in Illinois is seeking a Loan Processor to help fulfill our vision by maximizing client experience and expanding client relationships. You will handle loan processing with speed and precision, inputting data into key systems and ensuring accuracy throughout the workflow.

The role requires processing within tight timelines, maintaining 100% accuracy, and complying with BSA and training requirements.

Qualifications

• 2 years of banking, accounting, or finance experience.
• Bachelor’s degree in business or related field preferred.

Responsibilities

• Takes ownership of loan processing responsibilities within 10 minutes of receipt.
• Processes loan documentation with 100% accuracy.
• Inputs tracking items into collateral tracking system.
• Organizes files according to filing procedures after scanning.
• Performs account maintenance and research to support Loan Operations.
• Prepares extension agreements, addendums, or substitutions.
• Books loans to core system within 24 hours of receipt.
• Ensures compliance with company policies and required training.

Skills

Interpreting

Researching

Reporting

Problem solving

Computer usage

Verbal and written communication

Detail orientation

Education

Bachelor’s degree in business or related field

Job description

Thank you for your interest in joining First Bank. If you’re looking to be part of a team that values integrity, humility, excellence, challenge, and life-long learning, you’ve come to the right place. At First Bank we believe in offering opportunities to help individuals build a long and lasting career, and we are currently seeking a Loan Processor.

The Loan Processor helps the bank to fulfill its vision by maximizing the client experience and expanding client relationships

Duties and Responsibilities

• Takes ownership of loan processing responsibilities within 10 minutes of receipt.
• Processes loan documentation with 100% accuracy.
• Ensures all tracking items are input into the collateral tracking system (exceptions and covenants).
• Organizes files according to filing procedures immediately after scanning.
• Performs account maintenance, research, and any additional responsibilities as needed to support Loan Operations functions.
• Prepares extension agreements, addendums, or collateral substitutions as needed.
• Performs daily, weekly, and monthly departmental tasks as assigned.
• Books loans to core system within 24 hours of receipt or rescission.
• Protects the bank and clients by following company policies and procedures and completing required BSA and compliance courses.

Qualifications

• Work experience: 2 years of banking, accounting, or finance experience
• Education: Bachelor’s degree in business or related field preferred

Skills

• Interpreting
• Researching
• Reporting
• Problem solving
• Computer usage
• Verbal and written communication
• Detail orientation

Work Environment

• Work Hours: Monday through Friday, 8:00-5:00 (Additional hours may be required for company meetings or training.)
• Job Arrangement: Full-time, permanent
• Travel Requirement: The job may require travel on rare occasions for training or other work-related duties.
• Remote Work: The job role is primarily in-person. A personal or work crisis could prompt the role to become temporarily remote.
• Physical Effort: May require sitting for prolonged periods. Requires standing for periods of time for filing.
• Environmental Conditions: No adverse environmental conditions expected.

The position offers a competitive salary, 401K-retirement plan, and other benefits.

EO / M /F/ Vet / Disability.

First Bank is an equal opportunity employer. It is our policy to provide opportunities to all qualified persons without regard to race, creed, color, religious belief, sex, sexual orientation, gender identification, age, national origin, ancestry, physical or mental handicap, or veteran's status. Equal access to programs, service, and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources.