Business Loan Processor

Bank Independent
Job Description

General Summary

The Business Loan Processor will be responsible for the initial setup, processing, and document preparation of in-house bank loans.  The Business Loan processor will possess the knowledge and skills to process both consumer and commercial loans while adhering to applicable laws, internal credit policy and regulatory guidelines.

 

Essential Functions:

 

  • Processes commercial non-real estate secured and real estate secured loans
  • Orders any documentation necessary to complete a loan file  
  • Reviews required documentation as it is received to determine if it is accurate, complete and if the information provided requires any further verification or clarification
  • Follows up daily on outstanding documentation to make sure that all loans are expeditiously processed
  • Prepares in conjunction with Bank Independent’s Legal Counsel other legal documentation such as loan agreements, deeds, releases, affidavits, subordination agreements, etc. as needed
  • Files and coordinates the filing of titles, UCC’s, deeds, mortgages, assignments, affidavits, etc to ensure proper lien perfection
  • Accurately prepares, processes and reviews loan documents prior to closing to ensure completeness and are compliant with applicable regulations and laws
  • Maintains knowledge of all state and federal regulations
  • Provides support to branch employees and other departments as needed
  • Follows up on any outstanding post-closing document exceptions
  • Communicates effectively and frequently with loan officer/personal banker regarding loan status
  • Performs other duties as assigned, including assisting other team members as needed

 

Working Conditions

  • Generally good, with little exposure to noise, extreme temperatures, dust or other adverse factors

  • Considerable effort and eyestrain from continued checking on the accuracy of all work leaving the department

  • A high amount of pressure to achieve goals, meet deadlines, and work efficiently and accurately to manage numerous competing priorities

     

     

    Minimum Level of Preparation and Training

  • High school diploma or equivalent required

  • Bachelor’s degree in business or related field preferred

  • Two years experience in a loan processing environment preferred

     

 

 

Required Skills, Knowledge and Abilities

  • Strong analytical and organizational skills

  • Experience in loan documentation and support

  • Ability to read and understand complex entity documents

  • Excellent oral and written communication skills

  • Excellent time management and decision-making skills

  • Ability to work in a fast-paced team environment while maintaining a positive and proactive attitude

  • Ability to work well with a wide range of people and be able to adapt changing situations

  • Have a working knowledge of the Microsoft Office Applications of Word, Excel and Outlook.

  • Must be highly motivated, responsible and able to work well under pressure

  • Ability to learn and utilize bank software and to follow bank and department processes

  • Ability to work independently and be self-motivated. 

 

 

Employees are required to perform other duties as assigned by management.  Management reserves the right to change this job description as needed.

Contact Information