Loan Processor

National Cooperative Bank; Hillsboro (OH); On-site; USD 38,000 - 69,000; Full time

Job summary

National Cooperative Bank in Hillsboro, OH is seeking a Loan Processing Associate to support processing, closing and post-closing tasks for residential loans. You will compile documentation, order appraisals, prepare closing packages, and ensure files are accurate and complete.

The role requires 1–3 years of experience, a high school diploma (associates preferred), strong communication, math and analytical skills, and ability to obtain an NMLS license. AA/EOE.

Qualifications

• 1–3 years experience in loan processing, closing, or lending operations.
• Knowledge of banking and loan servicing practices.
• Ability to identify cross-selling opportunities.
• Excellent verbal and written communication.
• Strong mathematical, statistical, and analytical skills.
• Ability to stay current on loan regulations and industry changes.
• Ability to obtain federal registration and complete pre-employment screenings.
• NMLS license required or able to obtain.

Responsibilities

• Review loan files at processing milestones and compile required documentation.
• Order appraisals and monitor appraisal progress to completion; assist with inquiries.
• Prepare and deliver closing document packages for escrow loans, HELOCs, HELOAN, and other loans.
• Perform post-closing reviews to ensure complete and accurate documentation; issue deficiency notices as needed.
• Maintain complete, organized loan files for Residential Loan Officers.
• Coordinate closing schedules and notify settlement agents, attorneys, borrowers, and others.
• Monitor expiration dates and follow up on time-sensitive documentation.
• Manage HELOC and HELOAN pipelines across markets; coordinate processing to close on time.
• Assist with marketing initiatives by coordinating materials and communications.

Skills

Loan processing experience

Banking knowledge

Knowledge of loan products

Cross-selling opportunities

Effective communication

Analytical skills

Time management

Regulatory awareness

Pre-employment screenings

Education

High school diploma or GED

Associate or Bachelor's in Business/Finance/Real Estate (preferred)

Job description

Role Responsibilities

• Review loan files at the processing milestone and compile required third-party documentation and conditions to support timely and accurate processing.
• Order appraisals, process appraisal fee payments, and monitor appraisal progress through completion. Participate in pipeline meetings as needed and provide responsive service by promptly addressing customer and settlement agent inquiries or directing them to the appropriate team member for assistance.
• Prepare and deliver accurate closing document packages for escrow loans, home equity lines of credit (HELOCs), and second mortgages, as well as loan documentation for consumer and commercial transactions.
• Conduct post-closing reviews of escrow loan, HELOC, and second-mortgage files to confirm documentation is complete and accurate. Prepare and issue deficiency notices to settlement agents, follow up to obtain outstanding documentation, and prepare loan funding disbursement sheets, wire requests, and check requests.
• Establish and maintain complete, organized loan files for the Residential Loan Officers, ensuring required documentation is accurately recorded and readily accessible.
• Coordinate closing schedules and provide timely notifications and required information to settlement agents, attorneys, borrowers, and other applicable parties.
• Monitor loan file expiration dates and proactively follow up on time-sensitive documentation and outstanding requirements to support timely processing and closing.
• Manage the Home Equity Line of Credit (HELOC) and Home Equity Loan (HELOAN) pipelines across all markets in which NCB offers financing, coordinating processing activities to ensure loan files are accurate, complete, and positioned to close within established timeframes.
• Support Residential Loan Officers with marketing initiatives by coordinating materials, communications, and related administrative activities that promote lending products and strengthen customer and referral-partner relationships.

Role Responsibilities

• Review loan files at the processing milestone and compile required third-party documentation and conditions to support timely and accurate processing.
• Order appraisals, process appraisal fee payments, and monitor appraisal progress through completion. Participate in pipeline meetings as needed and provide responsive service by promptly addressing customer and settlement agent inquiries or directing them to the appropriate team member for assistance.
• Prepare and deliver accurate closing document packages for escrow loans, home equity lines of credit (HELOCs), and second mortgages, as well as loan documentation for consumer and commercial transactions.
• Conduct post-closing reviews of escrow loan, HELOC, and second-mortgage files to confirm documentation is complete and accurate. Prepare and issue deficiency notices to settlement agents, follow up to obtain outstanding documentation, and prepare loan funding disbursement sheets, wire requests, and check requests.
• Establish and maintain complete, organized loan files for the Residential Loan Officers, ensuring required documentation is accurately recorded and readily accessible.
• Coordinate closing schedules and provide timely notifications and required information to settlement agents, attorneys, borrowers, and other applicable parties.
• Monitor loan file expiration dates and proactively follow up on time-sensitive documentation and outstanding requirements to support timely processing and closing.
• Manage the Home Equity Line of Credit (HELOC) and Home Equity Loan (HELOAN) pipelines across all markets in which NCB offers financing, coordinating processing activities to ensure loan files are accurate, complete, and positioned to close within established timeframes.
• Support Residential Loan Officers with marketing initiatives by coordinating materials, communications, and related administrative activities that promote lending products and strengthen customer and referral-partner relationships.

Minimum Qualifications

• 1-3 years of experience in loan processing, loan closing, lending operations, banking, financial services, or a related field.
• Knowledge of banking, particularly loan production and business development
• Working knowledge of loan products and servicing practices
• Ability to identify and pursue cross-selling opportunities.
• Effective communication skills, with the ability to explain loan details and discuss personal financial information clearly and professionally with clients.
• Strong mathematical, statistical, and analytical skills.
• Excellent time management, verbal communication, and written communication skills.
• Strong critical thinking and sound judgment.
• Ability to stay current on loan regulations, reforms, and industry changes.
• Ability to obtain federal registration and successfully complete applicable pre-employment screenings.

Education

• High school diploma or GED required.
• Associate degree or bachelor’s degree preferred, particularly in Business, Finance, Real Estate, or a related field.

Licenses/Certifications

• Nationwide Multistate Licensing System & Registry – Ability to maintain a NMLS license and continuing education is required.

Salary Range $37,557 - 68,717

AA/EOE