What are the responsibilities and job description for the Loan Processor III position at Lead?
Lead is a fintech building banking infrastructure for embedded financial products and services. We operate an FDIC-insured bank headquartered in Kansas City, Missouri. Additionally, we have offices in San Francisco, Sunnyvale, and New York City, where our technical, product, design, and legal teams operate.
We are built for a constantly evolving financial landscape, where new ventures and technological advancements emerge daily. Guided by a team of entrepreneurs and technologists with decades of experience navigating intricate banking and payments regulations, Lead blends regulatory and technological expertise to help our fintech partners scale their operations with compliance and creativity.
Simply put, Lead offers the essential attributes that every fintech seeks in a partner bank. First, unparalleled technical expertise from a distinguished team of developers with an extensive understanding of the banking and payments systems. Second, oversight expertise, automated compliance systems, and bespoke program management to navigate the ever-shifting regulatory landscape. Finally, a commitment to transparency and operational rigor to ensure everyone’s money does what it’s supposed to do.
As a Community Bank, we provide personalized banking services and solutions to support the businesses, individuals, and charitable organizations of the Kansas City Metropolitan Area, both in branch and online. We are committed to fostering strong relationships, supporting local economic growth, and we believe in the power of being an integral part of the community we serve.
Role Description: The Loan Processor III is responsible for the set-up, maintenance, and processing functions associated with commercial loans. The processor must analyze each request to determine the intent of the request and the completeness and accuracy of the supporting documentation required to complete the transaction. The processor funds and coordinates the activities on new commitments and existing obligations for commercial loans.
In This Role You Will
We are built for a constantly evolving financial landscape, where new ventures and technological advancements emerge daily. Guided by a team of entrepreneurs and technologists with decades of experience navigating intricate banking and payments regulations, Lead blends regulatory and technological expertise to help our fintech partners scale their operations with compliance and creativity.
Simply put, Lead offers the essential attributes that every fintech seeks in a partner bank. First, unparalleled technical expertise from a distinguished team of developers with an extensive understanding of the banking and payments systems. Second, oversight expertise, automated compliance systems, and bespoke program management to navigate the ever-shifting regulatory landscape. Finally, a commitment to transparency and operational rigor to ensure everyone’s money does what it’s supposed to do.
As a Community Bank, we provide personalized banking services and solutions to support the businesses, individuals, and charitable organizations of the Kansas City Metropolitan Area, both in branch and online. We are committed to fostering strong relationships, supporting local economic growth, and we believe in the power of being an integral part of the community we serve.
Role Description: The Loan Processor III is responsible for the set-up, maintenance, and processing functions associated with commercial loans. The processor must analyze each request to determine the intent of the request and the completeness and accuracy of the supporting documentation required to complete the transaction. The processor funds and coordinates the activities on new commitments and existing obligations for commercial loans.
In This Role You Will
- Accurately prepare both new and renewal loan documents for commercial loans
- Order appraisals/title commitments and gather any other needed documents prior to closing
- Communicate directly with borrower for insurance information as needed and to send any preliminary disclosures as needed
- Coordinate closings with title companies
- Prepare real estate recording package and assure that documents are recorded
- File UCC’s and vehicle notice of liens on line
- Fund loan proceeds
- Organize documents into complete Lead Bank file order to be imaged
- Assist clients in person or by phone as necessary
- Process construction and commercial loan draw requests
- Review daily reports, assist with non-post resolution as needed
- Follow up for recorded documents, title policies, insurance to insure a complete loan file, as needed
- Work with loan officers as needed to collect financial information from clients
- Perform other duties as assigned
- 5 years of loan processing experience, financial services or office environment
- At least 2 years of processing commercial real estate loans
- Excellent communication skills
- Self starter, engaged, proactive and ready to roll up your sleeves
- At Lead, we design our benefits to support company culture and principles , to foster an efficient and inspiring work environment, and to create the conditions for our team to give their best in both work and life
- Competitive compensation based on experience, geographic location, and role
- Medical, Dental, Vision, Life, 401k Matching, and other wellness benefits, including FSA, HSA and HRA
- Paid parental leave
- Flexible vacation policy, including PTO and paid holidays
- A fun and challenging team environment in a dynamic industry with ample opportunities for career growth
- Lead Bank is proud to have an inclusive culture committed to ensuring equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
