What are the responsibilities and job description for the Consumer Loan Documentation Clerk position at Bank of Ann Arbor?

Job Description

Description : Full Time

The Consumer Loan Documentation Clerk is responsible for the preparation and documentation for post-closing activities related to consumer loans for Home Equity, lines of credit and installment loans.

Responsibilities

Create and deliver accurate loan documentation in a timely manner while ensuring that the final package correctly incorporates the terms of the credit approval document, as well as internal and regulatory credit and policy standards.
Provide accurate boarding data information to the Loan Operations Group to ensure the integrity of our loan accounting system.
Post close all consumer loans including completing post-closing checklists, preparing and sending completed documentation and post-closing correspondence to customer, preparing tickets, cashier’s checks and wire transfer forms
Reviews necessary documents, such as title searches and / or UCC’s to ensure BOAA’s security position for collateral and repayment.
Completes follow up work to ensure the perfection of BOAA’s collateral position, including sending in mortgages and the necessary payments.
Looks regularly at reporting of paid off loans to ensure that the necessary steps are taken to release collateral and return documentation to the borrower within stated regulatory guidelines.
Complete the Consumer Loan Formula report on a weekly basis, or more often depending on changing market conditions.
Monitor the status of hazard insurance on all consumer loans, which will require frequent communication with agencies and the borrower to ensure that the Bank’s collateral position is properly protected. If necessary, this individual will have to work to issue the necessary paperwork to force place insurance if the client is not responsive.
Monitor past due consumer loans; working with Loan Officers and contacting clients as necessary to collect payments.
Responsible for the consumer loans in the director scanning system.
Preparation of committee minutes for consumer and residential mortgage loans.
Perform subordination agreement documentation, any BOAA consumer loans

Requirements :

Associate’s degree in finance, or business and / or a combination of 2 years equivalent education and experience in banking.

1 years previous experience consumer lending documentation is preferred but not required.

Proficient computer skills, with ability to use Word and Excel. A working knowledge of other internal systems such as Laser Pro, Director, and or Navigator would be a preferred but not required.

Exceptional organization, time management and follow-up skills. Excellent interpersonal skills and ability to communicate effectively with customers, bank employees and outside service providers.

Good analytical and problem-solving skills with high attention to detail.

Excellent verbal and written communication skills

Willingness to work in a team environment.

Ability to follow detailed instructions and a wide range of procedures requiring sound judgement.

Proficient with technology and the use of Microsoft Office Suite.

Strong customer service skills both verbally and written.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or finger, handle, typing or feel objects, tools or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl.The employee must occasionally lift and / or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. The noise level in the work environment is usually moderate.

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Consumer Loan Documentation Clerk

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