Job Description
Job DescriptionABR is recruiting a Loan Processor for a client in Stevens Point. The starting wage will be $20 - $21 per hour plus benefits upon hire.
A Loan Processor is responsible for verifying, organizing and recording all the documentation required for a loan application. The loan processor works closely with the loan officers to ensure all necessary documentation is collected, completed accurately and processed efficiently.
Loan Processor Essential Duties and Responsibilities:
- Draft commercial and consumer loan documents for the loan officers.
- Prepare suggested rates for the loan officers.
- Ensure loan agreements are completed according to policy.
- Obtain credit reports from credit reporting bureaus, flood certificates, UCC and DMV liens.
- Order appraisals and title work.
- Prepare denials and adverse action for loan requests.
- Responsible for closing process of commercial, consumer and business loans.
- Prepare documents for loan payoffs.
- Recording legal records- mortgages, satisfactions, deeds, etc.
- Review loan reports- make edits and necessary changes, complete maintenance for loan bookings, identify maturing or mature loans, and complete renewal paperwork or process declines.
- Disburse loans and make monetary transactions as indicated on the disbursement documentation.
- Process ARC and participation payments.
- Monitors SOFR/Prime rate changes.
- Maintain credit and lending records- scan and file.
- Complete data entries in Precision for the following: booking loans, loan and participation maintenance, customer, miscellaneous, and escrow.
- Draft procedures for the loan processing department.
- Generate reports for loan officer meetings.
- Monitor, process and filter emails received in the Processing shared email.
- Provide customer service support via telephone- provide information and answer questions.
- Reconcile and balance internal accounts- general ledger accounts and DDA (checking).
- Adheres to all internal policies, procedures, and practices and remains in compliance with all regulations of the Bank Secrecy Act.
- Participates in annual training and review of bank policies and procedures.
Loan Processor Required Knowledge, Skills and Abilities:
- Knowledge of federal, state and local levels of loan processing laws and regulations.
- Ability to evaluate loan applications and assess credit worthiness.
- Good communication and interpersonal skills.
- Excellent organizational and time management skills.
- Ability to accurately and efficiently process and record large amounts of data.
- Self-motivated, able to prioritize work flow and work under pressure to meet deadlines.
- Strong attention to detail.
- Knowledge of personal computer, Microsoft Office, Excel and banking software.
- Ability to use general office machines and equipment.
Education and Experience:
- High school diploma or equivalent (GED) required.
- 2 years of experience in banking or finance.
ABR Employment Services is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veterans' status.PandoLogic. Keywords: Loan Processor, Location: Stevens Point, WI - 54481 , PL: 598683088