LOAN PROCESSOR

Description

Job Title: Loan Processor

Reports to: Loan Operations Manager

FLSA Status: Non-Exempt Hourly

Statement of Hire:

At Signature Bank of Arkansas, we are committed to delivering memorable service beyond the customers expectation, to include both external and internal customers. We consistently demonstrate our values through teamwork, open communication, integrity, honesty and respect for others. Additionally, we will maintain a professional appearance through dress, conduct and an orderly work area.

A successful Team Member will possess these qualities and be enthusiastic, professional and of high ethics. They will embrace our Mission, Vision and Values and actively contribute to our success.

Job Summary:

The Loan Processor will work with Lenders and Loan Coordinators to ensure proper preparation of documents for loan closings. This will include reviewing all documentation prior to closing to ensure compliance with regulatory and loan policy requirements.

Essential Duties, Responsibilities & Expectations:

• Exhibit a sense of urgency to provide the finest of customer service at all times and in all forms of verbal and written communications.
• Receive and review all loan files ensuring the loan meets all regulatory and loan policy requirements.
• Accurately prepare and process loan documentation for all in-house loans, renewals, and denials.
• Remote print loan documents to branch locations for loan closings.
• Maintain loan closing log.
• Coordinate loan closings with lending staff.
• Perform all other tasks requested as they relate to the Bank and its functions.

Supervisory Responsibilities: None

Compliance:
All Team Members are accountable for compliance with all laws, regulations and adherence to established internal controls and procedures when performing their job duties. Each Team Member is expected to be familiar with the legal and regulatory requirements and internal controls affecting his or her job responsibilities. It is the affirmative duty of each Team Member to carry out these responsibilities at all times in a manner that complies with all applicable legal and regulatory requirements and internal controls. All Team Members shall be responsible for communicating upward, problems in operations, noncompliance with the code of conduct, or other policy violations or illegal actions. Team Members must participate in required training on pertinent compliance laws and regulations as required by Signature Bank of Arkansas.
All Team Members will be committed to maintaining a high level of compliance with the Bank Secrecy Act and Anti Money Laundering, USA PATRIOT Act and Financial Recordkeeping regulations recognizing that all three acts are important tools in federal efforts to combat organized crime, terrorism and drug trafficking.

Education / Experience:

• High school diploma or general education degree required.
• Minimum of 1-2 years of banking experience required with previous loan processing experience preferred

Skills / Knowledge / Abilities:

• Ability to effectively communicate courteously and professionally in English (both written and oral)
• Strong organizational skills with ability to effectively handle multiple tasks simultaneously
• Good interpersonal communication skills to effectively relate to all levels of the Bank staff
• Ability to maintain strict confidentiality
• Strong computer skills with ability to utilize all necessary software applications and accurately enter data

Working Conditions / Environment / Potential Hazards:

• General office environment
• May be necessary to work extended hours
• The noise level in the work environment is usually moderate
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
• Periodic travel on occasion

Physical Requirements:

• Able to sit or stand for an extended period of time
• Able to lift up to 20 pounds
• Use of fine motor skills

Qualifications