Loan Processor

Clayton Bank & Trust; Knoxville (TN); On-site; USD 40,000 - 60,000; Full time

Benefits offered by this job

Competitive Pay

ESOP

Job summary

Clayton Bank & Trust in Knoxville, TN is looking for a Loan Processor responsible for completing transactions between the bank, sellers, and borrowers. The role involves preparing and processing loan packages and ensuring compliance with banking regulations.

The ideal candidate should have a college degree or relevant experience, knowledge of lending guidelines, and an understanding of financial products. Competitive pay and ESOP are offered.

Qualifications

• Knowledge of ATR, TRID, HMDA, ECOA.
• Experience in assembling loan packages.
• Ability to ensure compliance with RESPA and TRID disclosures.

Responsibilities

• Assemble and prepare loan packages for processing.
• Verify accuracy of loan files.
• Ensure proper communication for loan processing.

Skills

Knowledge of lending guidelines and regulations

Understanding of financial institution products and services

Ability to comprehend training materials

Education

College degree or relevant experience

Job description

Clayton Bank operates banking centers across Tennessee.

Job Description

The Loan Processor is responsible for completing transactions between bank, sellers and borrowers by performing the following duties:

• Assembles, prepares and processes loan packages for consumer and commercial loans following bank policies and procedures.
• Verifies accuracy and completeness of all loan files, obtaining proper signatures, dates and other relevant data.
• Ensures accuracy and current compliance with RESPA and TRID disclosures.
• Ensures proper communication with various departments to help handle customers and process/close loans.
• Books loans (consumer, real estate and commercial) onto computer system using loan software.

Qualifications

• College degree or relevant experience required.
• Knowledge of lending guidelines and regulations, including ATR, TRID, HMDA, ECOA, etc.
• Good understanding of financial institution products and services.
• Ability to read and comprehend training materials, bank communications and related loan manuals.
• Ability to learn and follow bank policies regarding the lending process.

Additional Information

• Competitive Pay
• ESOP