What are the responsibilities and job description for the Loan Processor (Commercial) position at Adaptive Solutions Group?
Adaptive Solutions Group is a premier provider of information technology personnel. We provide a variety of technical professionals available for contract, contract-to-hire, or direct placement positions to companies in and around the Kansas City and St. Louis areas.
We are currently looking for a Loan Processor to join our team.
Responsibilities
- Prepare and provide loan documentation for Commercial; Business; Construction; Agricultural; or Consumer financing via our lending software,
- Process construction draws for advancement; budget overview; and loan participation balancing as needed,
- Prepare and provide construction inspection sheets for third party, process construction inspection sheets and pictures of improvements for Company and loan participants,
- Prepare loan participation agreements; book loan participations; provide participation advancement requests, and balance all participations,
- Set up new loans on the CORE system (book loans) using loan data,
- Provide support for loan officer in preparation of loan requests as needed,
- Pull credit reports, flood certifications, UCC lien searches, order appraisals, order title searches and commitments,
- Prepare documents for recording with title companies, complete with proper instruction letters,
- Check all loans “booked” on the CORE system for accuracy,
- Collect insurance for all loans new and existing,
- Collect all corporate papers for closing (articles of organization, operating agreements, resolutions, etc.),
- Scan personal and business financial statements and tax returns,
- Build loan files, and file in appropriate location,
- Respond to internal and external customer issues in a timely manner,
- Close loans with customers and scan the loan documentation,
- Maintain up-to-date knowledge of lending regulations and policies,
- Track loan exceptions, and covenants for compliance, to include but not be limited to real estate taxes, collateral insurance, financial statements, tax returns, UCC filings, and title policies,
- Assist with escrow issues, and track non-escrowed loans for compliance with the payment of taxes and insurance, and scanning evidence of paid taxes and insurance coverage into hard and electronic files,
- Provide loan payoff letters, process loan payoffs, and prepare and process lien releases as needed,
- Provide Adverse Action letters as needed, and maintain the adverse action file,
- Go the “extra mile” to build trust relationships, customer loyalty and satisfaction throughout the entire life of loan process,
- Operate in compliance with laws and regulations and adhere to lending compliance guidelines,
- Additional functions may be determined necessary by management to best meet the needs of the team
Required Qualifications
Adaptive Solutions Group offers a competitive compensation and benefits package that includes medical, dental, STD / LTD, life insurance coverage, 401k, paid vacation and holidays.
Adaptive Solutions Group is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, and veteran or disability status.
Loan Processing, Lending, Commercial Lending, Credit Analysis
