What are the responsibilities and job description for the Loan Processing Assistant position at Highlight?
Highlight is seeking highly-qualified individuals for a Loan Processing Assistant position to support the Small Business Administration (SBA) Birmingham office. You will be performing duties necessary to the processing, servicing, liquidating, or other transactions for all types of SBA loans.
Responsibilities
Tasks include, but are not limited to, the following :
- Recording applications for loan and credit, loan information, and disbursements of funds, using laptops or computers.
- Submitting loan applications with recommendations for underwriting approval.
- Contacting customers by mail, telephone, or in person concerning acceptance or rejection of applications.
- Filing and maintaining loan records.
- Contacting credit bureaus, employers, and other sources to check applicants' credit and personal references.
- Checking the value of customer collateral to be held as loan security.
- Interviewing loan applicants to obtain personal and financial data and to assist in completing applications.
- Preparing and typing loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
- Reviewing customer accounts to determine whether payments are made on time and that other loan terms are being followed.
- Calculating, reviewing, and correcting errors on interest, principal, payment, and closing costs, using computers or calculators.
- Answering questions and advising customers regarding loans and transactions.
- Presenting loan and repayment schedules to customers.
- Ordering property insurance or mortgage insurance policies to ensure protection against loss on mortgaged property.
- Accepting payment on accounts.
- Scheduling and conducting closings of mortgage transactions.
- Establishing credit limits and granting extensions of credit on overdue accounts.
- Verifying and examining information and accuracy of loan application and closing documents.
- Conducting research necessary to assist lenders in answering inquiries regarding recently submitted actions or inquires.
- Reviewing and associating trailing documents with their respective loan files or transfers files / documents to the appropriate SBA office.
- Analyzing and making recommendations on transaction requests in accordance with existing Agency SOPs or guidelines
Qualifications
Required Qualifications :
Preferred Qualifications :
