Loan Processor (full time), Loan Processing

Central Bank & Trust Co.; Lexington (KY); On-site; USD 36,000 - 44,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Holidays

401k Plan

Flexible Benefit Plan

AD&D Insurance

Discounted Banking Services

EAP (Free counseling sessions)

Discounted AAA Membership

Job summary

Central Bank & Trust Co. is seeking a detail-oriented Loan Processor to prepare commercial, consumer, and mortgage loans for closing in Lexington, KY. This full-time hourly role requires accurate documentation, close coordination with lenders, and strong customer service skills.

You will gather necessary information, ensure compliance, and support closing with efficient document handling and timely processing in a team environment.

Qualifications

• High School diploma or GED required.
• Two years' direct experience with commercial, consumer or mortgage loan documents.
• Excellent written and verbal communication skills.
• Ability to complete detailed work accurately and efficiently with no supervision.
• Promptness, initiative and dependability.
• Strong analytical and problem-solving abilities.
• Strong organization and time management skills.
• Committed to delivering excellent customer service and interpersonal skills.

Responsibilities

• Obtains necessary loan approval information and documents to close approved loans.
• Contacts outside professionals to coordinate time frames, costs and requirements.
• Ensures business customers are in good standing before closing.
• Performs chattel searches for business borrowers.
• Obtains required documentation before closing (appraisals, insurance, etc.).
• Communicates with lenders about borrower information needed before closing.
• Follows regulatory requirements and reviews loan packages for compliance.
• Prepares loan documents using Capital Stream, Empower, APPRO and Word.
• Advises on proper closing procedures and document execution.
• Ensures timely turnaround of loan documentation.
• Files UCC online with the Secretary of State.
• Supports Quality Control in post-closing review and disbursement checks.
• Identifies technical exceptions on the documentation checklist.
• Performs other duties as assigned.

Skills

Communication skills

Attention to detail

Reliability

Analytical thinking

Time management

Customer service

Deadline management

Education

High School diploma or GED

Experience with loan documents

Job description

Central Bank & Trust Co. Loan Processor (full time), Loan Processing

Location: Lexington, KY, US

Fulltime Hourly Full-Time

Requisition ID: 3250

Salary Range: $25.95 To $32.44 Hourly

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled

FULL-TIME HOURLY (FT): These employees work from 30 to 40 hours each week and are paid on an hourly basis. They are eligible for the same benefits as salaried employees and paid time off is paid at 8 hours per day.

JOB SUMMARY:

Prepares commercial loans, renewals, consumer mortgages and equity lines for closing and ensures that proper documentation is utilized in order to properly protect the bank from risk of loss.

EDUCATION/EXPERIENCE REQUIRED:

• High School diploma or GED
• Two years' direct experience working with commercial, consumer or mortgage loan documents

QUALIFICATIONS/SKILLS REQUIRED:

• Excellent written and verbal communication skills
• Ability to complete detailed work accurately and efficiently with no supervision
• Promptness, initiative and dependability
• Strong analytical and problem-solving abilities
• Strong organization and time management skills
• Committed to delivering excellent customer service and excellent interpersonal skills
• Able to meet multiple deadlines simultaneously

ESSENTIAL JOB DUTIES AND RESPONSIBILITIES:

• Obtains the necessary loan approval information from the lender and determines the necessary documentation and any outside professional help required to close the approved loan.
• Contacts all outside professional help to establish time frames, costs, and requirements to complete the needed documentation (such as: title work, lien searches, flood certifications, surveys, etc.)
• Ensures that business customers are in good standing prior to completing loan documentation.
• Completes chattel searches on all business borrowers obtaining a business assets secured loan.
• Obtains required documentation before closing such as appraisals, appraisal reviews, hazard insurance, etc.
• Communicates with the lender as to any borrower information or documentation needed prior to loan closing.
• Follows regulatory requirements as necessary, including, proper documentation of consumer purpose loans. Reviews loan packages to ensure documentation complies with all bank and regulatory policies and guidelines.
• Follows up on loans sent for closing to ensure the package is returned promptly for booking.
• Prepares all necessary loan documents using Capital Stream, Empower, APPRO and Microsoft Word.
• Advies the lender as to the proper loan closing procedures, including proper execution of the documents.
• Provides for efficient turnaround of loan documentation that meets the quality service needs of the bank and our customers.
• Files UCC online with Secretary of State.
• Assists Quality Control with post-closing review to ensure that all documentation has been completed and properly executed, before uploading the loan.
• Assists Quality Control in reviewing loan disbursement to ensure all proceeds were issued as directed by customer and lender.
• Assists Quality Control in identifying and notating technical exceptions on the documentation checklist.
• Performs other duties as assigned.

BENEFITS:

• Health Insurance
• Dental Insurance
• Vision Insurance
• Paid Vacation
• Paid Holidays
• Employee Stock Ownership Plan
• 401k Plan
• Flexible Benefit Plan
• Voluntary Life Insurance
• AD&D Insurance
• Discounted Banking Services
• EAP (Free counseling sessions)
• Discounted AAA Membership
• Fitness Discounts
• Vacation Purchase Plan
• Interest-Free Computer Loan
• Interest-Free Fitness Equipment Loan
• Service Awards
• Attendance Awards
• Funeral Leave
• Subsidized Parking (Downtown)
• Sick Leave
• Educational Assistance Program
• Employee Wellness Program
• Dell Computer Discount
• Discounted Tickets
• Cell Phone Discount
• Jeans days to benefit local charities
• Paid Identity Theft Protection
• New Hire Incentive (for hourly employees)
• Personal Day
• Birthday Holiday
• Wedding Days
• Appointment Time
• Long Term Disability
• Life Insurance (2x salary)

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