Loan Processor

Primebank; Sioux City (IA); On-site; USD 45,000 - 65,000; Full time

Job summary

Primebank in Sioux City, IA seeks a loan documentation specialist to produce accurate loan documents for commercial, agricultural, and consumer loans and to support lenders in the loan department.

The role requires 3+ years in loan processing, knowledge of mortgage processing, and strong written and verbal communication. Proficiency with MS Office and data tracking is essential for daily operations.

Qualifications

• 3+ years of loan processing experience, especially loan document prep.
• Knowledge of commercial and/or residential mortgage processing.
• Bachelor's degree or equivalent combination of education and experience.

Responsibilities

• Prepare and understand loan documents for commercial, agricultural, and consumer loans with accuracy.
• Request credit bureau and flood determinations.
• Monitor loan files for completeness and resolve discrepancies.
• Prepare HMDA reporting.
• Assist customers with loan transactions and rate inquiries.
• Review and reconcile daily reports and update tracking systems.

Skills

Attention to detail

Customer service

Communication

Microsoft Office

Loan processing

Education

Bachelor's degree in a related field or equivalent combination of education and experience

Job description

This position is responsible for the production of loan documentation and for providing support to lenders in the Sioux City Loan Department.

Essential Duties and Responsibilities

• Prepare and understand commercial, agricultural and consumer loan documents required for new notes, renewals, and extensions, with accuracy
• Request credit bureau and flood determinations
• Monitor loan files for completeness
• Review and reconcile daily reports, identifying and resolving any data discrepancies
• Monitor loan exception reports – updating tracking systems and resolving documentation deficiencies
• Prepare HMDA reporting
• Assist customers with loan transactions, loan status and interest rate inquiries

Qualifications

Education

• A bachelor's degree in a related field or equivalent combination of education and experience

Knowledge and Experience

• 3+ years of loan processing experience, specifically loan document preparation, preferred
• Knowledge of commercial and/or residential mortgage processing functions

Skills and Abilities

• Ability to identify missing items and perform tasks accurately
• Successful customer service background
• Excellent verbal and written communication skills
• Proficient with Microsoft Office Suite software
• General understanding of accounting and balancing
• Advanced organization skills
• Independent thinker and self-motivated
• Analytical and problem resolution skills