What are the responsibilities and job description for the Commercial & Consumer Loan Processing Specialist position at Prairie State Bank & Trust?
Prairie State Bank & Trust, a locally owned $800 million bank with 20 offices in Central Illinois has an immediate opening for a Commercial and Consumer Loan Processing Specialist, in Mt. Zion, Illinois. We are a well-established and high performing “5 Star” community bank (rated by Bauer Financial). We want talented and hardworking individuals who are looking to build their career with a growing company. We are seeking candidates who are motivated to learn, have great communication skills and a passion for working on a team.
Background:
The duties performed by the Commercial and Consumer Doc Prep department are critical to ensuring that customer information and loan request are accurately and timely prepared. It is extremely important to remember that we are responsible for the accurate preparation and making sure that our documents are legally enforceable. Each Loan Officer relies on both Commercial and Consumer Doc Prep department to provide outstanding customer service to them, which ultimately enables them to provide excellent customer service to PSB&T’s loan customers.
The primary functions of the Consumer and Commercial Doc Pre department include (Not all inclusive):
All candidates will be required to undergo a pre-employment credit and criminal background check along with a drug screen.
Background:
The duties performed by the Commercial and Consumer Doc Prep department are critical to ensuring that customer information and loan request are accurately and timely prepared. It is extremely important to remember that we are responsible for the accurate preparation and making sure that our documents are legally enforceable. Each Loan Officer relies on both Commercial and Consumer Doc Prep department to provide outstanding customer service to them, which ultimately enables them to provide excellent customer service to PSB&T’s loan customers.
The primary functions of the Consumer and Commercial Doc Pre department include (Not all inclusive):
- Prepare accurate and timely loan documentation for all consumer, commercial & agricultural loan transactions.
- Prepare accurate and timely denial Documentation
- Prepare Internal Consumer and Commercial Mortgage Release Documentation
- Review all HMDA information for accuracy
- Review Certificate of Beneficial Owner form for accuracy
- Communicate productively with the loan officers, borrowers, and other third parties to ensure all required documentation has been received to process, document, and close loan requests. (such as payoffs for liens referenced on title work, work with Title Company to complete purchase HUD’s, proof of insurance, Appraisals & reviews, Operating Agreements, Articles of Organization, Trust Agreements, etc.)
- Order Appraisals and Reviews as needed.
- Other duties as assigned
- Commercial Construction Loan
- Commercial Line of Credit
- Commercial Non Real Estate (C.D., Account, Business Assets/Equipment/ Vehicle, Stock, Partnership Equity, etc.)
- Commercial Real Estate (Commercial Property/Rental Properties, etc.)
- Agricultural Line of Credit
- Agricultural Equipment
- Agricultural Real Estate
- Agricultural Livestock
- Agricultural Farmer Mac (Farm & Ranch & Never on books)
- Agricultural Farmer Mac 2 (USDA Guaranteed)
- Commercial Libor Loans
- Consumer Real Estate Loans
- Vehicle Loans
- Secondary Market Loans
- As we look to aggressively grow our loan portfolio it will take a huge team effort. Commercial and Consumer Doc Prep provides critical support to our lending staff by not only processing loan documentation but also by providing excellent customer service to our internal employees. In this position you will be expected to accurately perform duties that are essential in accurate documentation, prioritize your workflow, maintain confidentiality of customer and potential customer financial information and to ensure all time sensitive task are performed accordingly and work with the loan team to find efficiencies that will make our loan work as smooth as possible.
- Seek to understand more than just your job duties. Understanding different aspects of the bank helps you to know how your role in the organization plays an important part in the overall growth and stability of the bank.
- Always look for new opportunities to provide excellent customer service.
- Adhere to the banks communication standards. Communication is essential in any business. Clear communication and thorough explanation helps to prevent others from misunderstanding the meaning of your message.
- The Commercial and Consumer Doc Prep management team has an open door policy. Your thoughts, ideas and suggestions are always welcome.
- Inform management when you do not understand what you have been asked to do, the workload is not manageable, help is needed or you are having difficulty with another team member, loan officer or assistant. We cannot guarantee that all of your issues can be resolved in the manner you think necessary, but we can guarantee that we will listen with an open mind and make every effort to try and provide solutions to help address the issue.
All candidates will be required to undergo a pre-employment credit and criminal background check along with a drug screen.
Salary : $19 - $22
