LOAN PROCESSOR II

Traditional Bank; Sterling (VA); Presencial; USD 28.000 - 42.000; Jornada completa

Descripción de la vacante

Traditional Bank is seeking a detail-oriented Loan Processor II to handle consumer 1-4 family residential loan disclosures and closing documents across bank locations. You will ensure compliance with Reg Z, RESPA, and other regulations while preparing accounting entries and data entries for new loans.

The role emphasizes strong organizational skills, ability to train staff, and maintaining security of loan documents in a regular full-time schedule at the Mt. Sterling, KY location.

Formación

• Minimum of four or more years of loan processing experience for all types of loans with emphasis on real estate and commercial loans.
• Must have general knowledge of regulatory compliance and documentation.
• Must be highly motivated individual that can handle a heavy workload and meet deadlines.
• Knowledge of general banking procedures acquired through basic banking courses.
• Data processing skills and comfortable with computers.

Responsabilidades

• Process and deliver application disclosures and other related documents for consumer 1-4 family residential loan applications for all bank locations.
• Ensure disclosures are provided within designated time frame per regulation.
• Process all closing documents for personal, commercial, real estate and credit line loans for all bank locations.
• Prepare all required accounting entries to activate new loans and pass on on-line entries to the Loan Data Entry Clerk.
• Provide leadership and training within the department.

Conocimientos

Loan processing

Reg Z / RESPA compliance

Regulatory compliance

Leadership / training

Educación

Basic banking courses

Herramientas

Laser Pro

Descripción del empleo

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

LOAN PROCESSOR II

LOAN SUPPORT Regular Full-Time Ln Assist./Proc Traditional Bank - Main Bank, Mt. Sterling, KY, US

Salary Range: $20.35 To $30.53 Hourly

Process application disclosures and other related documents for all consumer 1-4 family residential loan applications for all bank locations. Process all closing documents for personal, commercial, real estate and credit line loans on a daily basis for all bank locations and prepares completed loans for data entry, including accounting entries. Takes a leadership role in the department and helps to train new processors.

ESSENTIAL DUTIES AND RESPONSIBILITIESinclude the following. Other duties may be assigned.

Process and deliver application disclosures and other related documents for consumer 1-4 family residential loan applications for all bank locations. Ensure all disclosures are provided within designated time frame per regulation.

Ensure all application disclosures are accurate and compliant with Reg Z, REPSA, and all other regulatory requirements.

Responsible for providing updated application disclosures, within required time frame per regulation.

Responsible for communicating to Lender/ Loan Assistant when loan request is identified as High Price Mortgage Loan.

Request flood determination on all consumer 1-4 family residential properties. Notify appropriate personnel if property is identified as being located in a designated special flood hazard area. Produce required flood notification documents.

Process all closing documents for personal, commercial, real estate and credit line loans for all bank locations.

Prepare all "change in terms" agreements per lenders instructions.

Prepare Letter of Credit upon lenders request. Processes closing documents for Letters of Credit.

Prepare completed loans processed for data entry. Prepare all accounting entries necessary to properly activate all new loans. Ensure that all loan transactions that require on-line entry are passed on to Loan Data Entry Clerk.

Responsible for the delivery of loan documents requiring electronic signing upon request from lending staff.

Release possessory documents held in collateral box to proper owners upon payment of loan, as well as prepare new assignments and collateral receipts for any possessory documents being held that are changed.

Must exercise confidentiality in regards to any and all financial data provided to the bank by customers.

Work in conjunction with Loan Processing Supervisor, Loan Operations Officer, and Loan Operations Director and any other pertinent personnel to protect the integrity and accuracy of documents processed from LPL loan system.

Report all critical warnings noted on any transactions processed in Laser Pro to the Loan Operations Officer prior to delivering application documents or closing documents to lender.

Ensure the safety and security of all official bank checks utilized in the loan department.

Inform proper authority of any supplies needed for maintenance and upkeep of laser printer and fax machine.

Verify, through corporate records, all corporate, partnership, LLC, LLP, etc., legal title if proper verifications have not been provided prior to loan processing of new loan. Verify through Military Lending Act database all individuals as pertains to loan processing and on loans that require MLA verification.

Verify all payoffs before processing of any renewal of refinanced loan to ensure accuracy.

Make sure all loans processed, but do not close, are deleted from the loan processing system to ensure accuracy of monthly reports.

Follow up on all loans processed, which are not returned from lenders within a reasonable period of time, to ensure safety and security of original loan documents.

Forward documents that require signature, titles, and/or serial numbers, possessory instruments etc., through proper channels for tracking.

Monitor loan worksheets for proper underwriting exception approval; monitors for proper customer acknowledgement of TRID disclosures.

Acts as backup to Loan Data Entry Clerk on interfacing all types of loans.

Provides leadership and training role in the department.

Responsible for monthly flood certification remittance report as needed.

Completes training as required.

Perform backup duties and miscellaneous duties as required.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED

Minimum of four or more years of loan processing experience for all types of loans with emphasis on real estate and commercial loans.

Must have general knowledge of regulatory compliance and documentation.

Must be highly motivated individual that can handle a heavy workload. Ability to handle deadlines, prioritize job duties, while maintaining multiple loan requests.

Knowledge of general banking procedures acquired through basic banking courses.

Data processing skills, basic computer skills normally acquired through an introduction to computers course. Must feel at ease working with computers.

Ability to perform under pressure situations and to handle customers' and lenders' needs professionally and effectively. Ability to be confident in presence of customers.

Sufficient interpersonal skills and characteristics necessary to interact and communicate with customers and bank personnel.

Technical skills with variety of office equipment, including loan processor, calculator, typewriter, and telephone, laser printer and fax machine.

Must be able to process loans quickly and accurately. Needs to possess knowledge of the appropriate documents to use for each type of loan utilized.

Organizational skills necessary to maintain a clean, neat, and professional appearance.

Must adapt to change quickly.

Knowledge of different entity structure; such as Corporations, Partnerships, LLC, LLP, etc.

Organizational skills necessary to keep documents properly safeguarded and funneled through proper channels

Willingness to work an eight hour day.

PHYSICAL DEMANDS…The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to use hands to finger, handle, or feel and talk or hear. The employee is frequently required to stand; walk and sit. The employee is occasionally required to reach with hands and arms. The employee must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision and distance vision.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements.