What are the responsibilities and job description for the Loan Operations Specialist position at Security State Bank & Trust?
Description:
Position Summary: Loan Operations Specialists must demonstrate a general knowledge of consumer and commercial loans, real estate loans and TRID federal regulations. Provide administrative support in the form of loan documentation preparation and through updates to our Core system, Horizon XE. Review and provide approval for loan documents and disclosures for accuracy and completeness. Provide approval for executed loan documents for funding, and complete loan documentation due diligence needed to move loans from the approval stage to closing.
Responsibilities:
- Emulate SSB&T Core Values
- Working knowledge of our nCino program for the preparation, reviewing, funding and building of commercials loans
- Working knowledge of Laserpro
- Review Loan and Real Estate Loan Memorandums prior to document preparation (consumer)
- Prepare Integrated TILA-RESPA Disclosures (Early and Closing) on consumer real estate loans, prepare non-real estate, Home Equity, Home Improvement (as required by bank policy) and Real Estate Modification/Extension loan documents
- Review loan documents, disclosures and documentation requirements for accuracy prior to execution to provide approval for closing
- Identify and communicate errors found so corrections can be made timely
- Communicate with loan officers and loan assistants with obtaining necessary information to prepare loan documents and disclosures
- Coordinate real estate loan closings with loan personnel, title companies and attorneys’ offices
- Review executed loan documents on all files for completeness and approve for funding
- Updating and balancing of monthly reports
- Perform periodic detailed review of GL accounts
- Maintaining conditions/exceptions reports
- Process and maintenance in Horizon XE
- Indexing into ImageCentre
- Support SSB&T community involvement and events
- Other duties as assigned
- High school diploma or GED
- Detail oriented, quality focused, flexible and able to adapt to change
- Ability to effectively organize workload and meet timelines
- Proficient computer skills relevant to Outlook, Word & Excel
- Loan knowledge preferred
