Loan Administrator / Processor

Hourly Wage: $19.00 - $22.00 per hour

Provide support to the lending department by preparing timely and accurate loan documentation. Accurately completes a variety of loan department administrative duties and provide daily support to lenders, bank staff and customers. This position works to ensure lending compliance with Loan Policy and bank regulations.

The position has a considerable amount of contact with lenders in addition to communicating with attorneys, appraisers, customers and title companies. Requires the ability to organize and prioritize job duties. Loan administration or banking experience is preferred. Accuracy is critical in all aspects of the job.

Responsibilities:

• Prepare Commercial, Consumer, Consumer Real Estate loan documents, board closed loans on core system, disburse funds.
• Utilizes Compliance One software to prepare loan documents internally
• Perfecting collateral
• Establish and maintain system ticklers/exceptions as they pertain to insurance, mortgages, UCC, lien cards and financial information
• Maintain credit files through our Document Imaging system
• Participation administration and accounting
• Process paid notes and the release of collateral
• Review and print customer payment/billing notices and statements
• Prepare and send Adverse action notices
• Complete payoff requests
• Order Appraisals, Title work, Credit Reports, etc.
• Perform daily accounting duties (non-posts, TMS, internal general ledger account monitoring, non-accrual balancing, etc.)
• Review daily system generated reports
• Complete monthly reporting SBA, JT Miller/Miniter, flood invoices, Capital Lien, etc.
• Review and disburse Annual Escrow to County offices and Insurance carrier
• Process Credit Bureau disputes though E-Oscar.

Education and Experience:

Loan administration or banking experience is preferred.

Qualifications:

• Must be knowledgeable of all aspects of loan documentation, understanding legal entities and loan documents such as Notes, Security Instruments, Loan Agreements, etc.
• Prepares, reviews, and assembles new, renewed and modified loan documents for commercial and consumer loan products including secured and unsecured loans, commitments, lines of credit, letters of credit, interim construction, participations/syndications, etc.
• Obtain all due diligence and maintain files with the necessary follow up, to ensure the file is complete and closed in an accurate and timely manner.
• Must develop a clear understanding of current and changing government regulations and bank policies as it relates to duties performed.
• Answer the telephone promptly and courteously and handle customer and lender inquiries, requests and correspondence.
• Use Microsoft Excel to create and maintain spreadsheets as directed.
• Have a working knowledge of the Bank’s loan & deposit products.
• Undertake special projects relating to departmental services and assume additional responsibilities as requested.