Loan Processor

US Lawns; Storm Lake (IA); On-site; USD 42,000 - 65,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Long-term Disability Insurance

Short-term Disability Insurance

100% Employer Funded Profit Sharing

Paid Holidays

Paid Vacation

Paid Sick Time

Paid Jury Duty

Bereavement Leave

Job summary

Citizens First National Bank in Storm Lake is seeking a detail-oriented Loan Processor to support centralized loan functions by preparing and processing loan documentation for various types of loans.

You will ensure compliance with bank policies and regulations, coordinate due diligence, manage closings, and provide excellent service to internal and external customers, while collaborating with attorneys and title companies.

Qualifications

• Requires meticulous attention to detail under tight deadlines.
• Commitment to ongoing professional development and formal training.
• Proficiency using banking software and Microsoft 365 with high accuracy.

Responsibilities

• Prepare loan documents for new loans, renewals, and extensions with accuracy.
• Coordinate due diligence items: appraisals, title work, credit reports, flood determinations.
• Process liens, mortgages, and releases of mortgage and title liens.
• Originating and managing tickler reporting.
• Maintain pipeline reports and manage loan closing timelines.
• Review files post-closing for compliance and proper execution.
• Ensure accurate funding and input of loan data into systems.
• Communicate with attorneys, title companies, appraisers, and agents.

Skills

Attention to detail

Time management

Regulatory knowledge

Customer service

Tools

Microsoft 365

Banking software

Job description

Job Description

SUMMARY

We are seeking a detail-oriented Loan Processor to support the Banks’ centralized loan functions by preparing and processing loan documentation for various types of loans. The Loan Processor develops and demonstrates comprehensive knowledge of Bank policies and procedures and maintains proficient understanding of state and federal regulatory compliance as it pertains to loan documentation, loan servicing, the Bank’s core system functions, and all other outlined responsibilities and duties.

ESSENTIAL DUTIES

• Prepare and understand various types of loan documents required for new loans, renewals, and extensions in a timely manner with accuracy.
• Coordinate, track, and obtain required due diligence items, including appraisals, title work, credit reports, flood determinations, and Certificates of Good Standing.
• Perform various lien perfection duties such as processing new title liens, recording new mortgages, and preparing and submitting the release of mortgage and title liens.
• Responsible for originating and managing tickler reporting.
• Maintain accurate pipeline reports and proactively manage loan closing timelines.
• Review files after closing ensuring all documents are properly executed and compliant with regulatory requirements.
• Ensure accurate and efficient funding and input of loan information for system processing.
• Monitor loan files for completeness.
• Promote and provide excellent customer service by effectively communication and cooperating with internal and external customers in a positive and professional matter.
• Foster professional relationships and communicate effectively with attorneys, title companies, appraisers, insurance agents, and other third-party providers.
• Assist manager with special projects as assigned.
• All employees are expected to perform quality work within deadlines with or without direct supervision. They are expected to act professionally with other employees and with customers, to work effectively as a team contributor and to make decisions in light of what would be in the best interest of the bank.

Required Skills

• Demonstrate exceptional attention to detail under time constraints in an effective and efficient manner; and prioritize work assignments.
• Demonstrate ongoing self-development and participation in formal training per essential expectation of this role.
• Capability to utilize various banking software and Microsoft 365 products, with a high level of accuracy and attention to detail.
• Ability to perform multiple tasks in a fast-paced environment while paying attention to detail.

Company Description

The Citizens First National Bank is a medium-sized family-owned and run community bank located in Storm Lake, Iowa. Our bank was chartered in 1902 and is still managed by members of the founding family.

We value hard work and personal responsibility. We believe that family life is as important as work life. We believe that good business is based on creating sincere and lasting relationships for the benefit of the organization, our customers and our community at large.

We are looking for talented, hard-working and self-motivated individuals to join our team.

Citizens 1st National Bankis an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.

Benefits

• Health Insurance
• Dental Insurance
• Vision Insurance
• Life Insurance
• Long-term Disability Insurance
• Short-term Disability Insurance
• 100% Employer Funded Profit Sharing
• Paid Holidays
• Paid Vacation
• Paid Sick Time
• Paid Jury Duty
• Bereavement Leave