What are the responsibilities and job description for the Centralized Loan Processor position at Burke & Herbert Bank?
Centralized Loan Processor
CLASSIFICATION : Non-exempt
REPORTS TO : Director of Consumer Loans
JOB DESCRIPTION
Summary / Objective
Will support Loan Officers, Retail Branch employees and other employees as needed in the role of processing consumer loan requests. This will include, but not be limited to, unsecured loans, auto loans, home equity lines of credit, renewals, change in terms, withdrawals, and denials, etc.
Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Set up new loan requests utilizing the appropriate tracking and loan software system. Based on the loan type they will begin processing the requests as required. This will include : Order, manage status and receipt with third party vendors : Flood, appraisal, legal, title insurance, additional loan requirements, early disclosure, and checks.Obtain approval from appropriate employee based on Loan PolicyManage and prioritize pipeline of loan requests.Complete all applicable regulatory reporting such as CRA, HMDA, etc.Review loans for closing and clear any PTC items.Process and schedule loan closings.Prepare loan documents and send out via email.Disburse loans.Final Processing of loans- review of signed loan package and submission to loan processingScan post-closing documents received and forward to Title & Insurance Processors so that tracking may be updated or deleted.
- Effectively follow and apply Loan Policy.
- Process, complete, and adhere to policies and procedures of the company, including Loan Policy.
- Follows operational and compliance regulations and requirements.
- Organize work and accountable for follow up and resolution with all document tracking items.
Other Duties
Skills / Abilities
Supervisory Responsibility
This position does not have supervisory responsibilities.
Work Environment
This job operates in an office setting, the opportunity to telework is not available. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.
Physical Demands
This position requires manual dexterity, the ability to lift files and open cabinets. This position requires bending, stooping or standing, as necessary.
Travel
Limited local travel may be required for this position.
Equal Employment Opportunity / M / F / disability / protected veteran status
Education and Experience
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
