Loan Quality Assistant

Community Bank; Mobile (AL); On-site; USD 32,000 - 48,000; Full time

Job summary

Community Bank is seeking a Loan Quality Assistant to provide support services regionally, with responsibilities spanning document scanning, tracking, insurance verification, balancing, credit checks, and government reporting. The role requires knowledge of bank products, adherence to federal and state laws, and the ability to research staff questions.

Responsibilities include reviewing and analyzing loan transactions for accuracy, data entry, reporting, and involvement in appraisal processes.

Qualifications

• High school diploma or GED required.
• Minimum of three years' work experience in the banking industry preferred.

Responsibilities

• Thoroughly review and analyze all loan transactions for accuracy, flag irregularities.
• Demonstrate understanding of general accounting principles.
• Perform data entry, review and submits reports.
• Track reports and track exceptions.
• Review and data-review of new and renewed loans, loan denials, HMDA for compliance, lien perfection and bank policies.
• Document imaging of loan documents and verification of images.
• Review insurance policies for loans to ensure continued coverage for collateral.
• Perform tasks related to escrow loans.
• Involve in the appraisal engagement process.
• Other duties as assigned by Supervisor or Manager.

Education

High School Diploma or GED

Job description

Responsibilities

• Thoroughly reviewing and analyzing all loan transactions for accuracy. Questions any irregularities or unusual occurrences regardless of origin
• Demonstrates ability to understand general accounting principles
• Performs data entry, reviews and submits reports
• Reviews and performs tasks for tracking reports, and tracking exceptions
• Performs documentation and data review of new and renewed loans, loan denials, HMDA, for compliance, lien perfections and bank policies
• Performs tasks for document imaging of loan documents and verification of images
• Reviews and tracks insurance policies for loans to ensure continued coverage for applicable collateral.
• Performs tasks related to escrow loans
• Involved in the appraisal engagement process
• Other duties as assigned by Supervisor or Manager

General Job Responsibilities

Community Bank Loan Quality Assistants provide support services regionally in various capacities. The assistants in this classification may carry different functional titles but have similar competencies and education and experience requirements. Specific requirements based on the designated responsibilities may be provided at the time of recruitment and hiring. Loan Quality Assistant positions include responsibilities for scanning documents, tracking and reporting, insurance verification, balancing, credit checks, government reporting and other documentation and reporting. The Community Bank Loan Quality Assistant must possess a thorough knowledge of all bank products and services; fully understand and adhere to all federal and state laws and the policies related to the industry and their particular section; and have the ability to research issues and respond to questions from staff. Community Bank Loan Control Assistants report to the Regional Chief Lending Officer or other designated Officer. Duties of the Loan Quality Assistant may include:

• Thoroughly reviewing and analyzing all loan transactions for accuracy. Questions any irregularities or unusual occurrences regardless of origin
• Demonstrates ability to understand general accounting principles
• Performs data entry, reviews and submits reports
• Reviews and performs tasks for tracking reports, and tracking exceptions
• Performs documentation and data review of new and renewed loans, loan denials, HMDA, for compliance, lien perfections and bank policies
• Performs tasks for document imaging of loan documents and verification of images
• Reviews and tracks insurance policies for loans to ensure continued coverage for applicable collateral.
• Performs tasks related to escrow loans
• Involved in the appraisal engagement process
• Other duties as assigned by Supervisor or Manager

Education And Experience

Education: Graduation from high school or equivalent GED required. Experience: A minimum of three year\'s work experience in the banking industry preferred.