Precision Consumer Loan Processor – Closings & Compliance

State Street Bank; Quincy (IL); On-site; USD 42,000 - 66,000; Full time

Job summary

State Street Bank is seeking a Consumer Loan Processor to handle new loan submissions and provide daily administrative support to the Lender, including ordering required documents to process loans and coordinating closings within specified time frames.

Responsibilities include preparing loan documents, responding to inquiries, ordering titles and appraisals, ensuring file accuracy and compliance, and generating weekly reports.

Qualifications

• Bachelor's degree in economics, finance, or related field is preferred, along with a minimum of 2 year experience in banking, AND at least 1 year experience performing loan processing functions is preferred
• Strong time management, attention to detail, and problem solving are essential

Responsibilities

• Prepares accurate consumer loan documents in a timely manner
• Handles inquiries regarding loans and payments in a professional manner
• Orders required documents (titles, appraisals, disclosures, payoffs, credit reports, certificates, insurance) to complete the loan file
• Previews loan files for completeness and compliance
• Processes loan files for closing and mails adverse action notices as requested
• Schedules loan closings for lenders
• Maintains documentation through file maintenance
• Provides weekly and monthly reports to Lenders and senior management
• Performs other duties as assigned

Skills

Microsoft Office

LaserPro

Communication skills

Education

Bachelor's degree in economics, finance, or related field

Job description

State Street Bank is seeking a Consumer Loan Processor to handle new loan submissions and provide daily administrative support to the Lender, including ordering required documents to process loans and coordinating closings within specified time frames.

Responsibilities include preparing loan documents, responding to inquiries, ordering titles and appraisals, ensuring file accuracy and compliance, and generating weekly reports.