Loan Processor

Job Title: Loan Processor
Department: Lending
Reports to: Executive Lending Assistant
Location: Tyler, TX
FSLA Status: Non-Exempt | Full-Time
Supervises: None

Mortgage Processor

The Loan Processor will be responsible for preforming a variety of duties related to the centralized processing and administration of consumer, commercial and real estate loans utilizing various software including, but not limited to, LaserPro Lending, Fiserv Core processor, and MS Office suite. Loan Processors are expected to have appropriate time management skills and an acute attention to detail to provide accurate disclosures, documents and meet regulatory timing requirements. The processor must be able to multi-task and work at an efficient pace. In addition to processing and closing related loans, the processor is responsible for loan boarding to the bank’s core system and responsible for some loan servicing duties. This position is expected to possess a higher knowledge of lending related laws, regulations and legal documentation. Excellent computer skills and proficiency in Microsoft Excel and Word are a must.

Essential Duties, Responsibilities & Accountabilities:

• Respond to e-mail and phone calls from branch originators with regard to the processing of approved credit applications
• Review loan approval terms to ensure loan is processed per underwriting approval guidelines; provide a high level of quality control and adherence to regulatory, lending procedures and Loan Policy Requirements
• Maintain production of multiple loan pipeline flow for optimum loan production
• Obtain and review applicable loan documents prior to generating closing documents
• Responsible for setting up collateral files and tracking required documents
• Ensure credit bureau alerts are resolved and properly documented
• Actively participate as a team player with all other business lines
• Complete ongoing training courses to ensure up-to-date knowledge of policies, procedures and regulations
• Understand and recognize the different phases of the loan application process (inquiry, regulation B application, and TRID application).
• Understand the general credit and underwriting approval guidelines in order to advise the loan originator of products available to applicant(s) based upon initial application information.
• Understand bank adverse action procedures and prepare denial, withdrawn, and approved not accepted packages for compliance review within required regulatory timeframes.
• Prepare necessary loan documents using LaserPro, ordering from attorneys and/or PPDocs.
• Maintain and complete necessary checklists, worksheets, and timelines accurately and timely for proper file documentation.
• Order and review flood determinations. If applicable, provide appropriate notices and obtain flood insurance.
• Assist with loan closings, when necessary.
• Fund and upload new loans onto the bank’s core platform.
• Accurately scan/image loan documents within 10 business days of closing.
• Understand how to deliver documents through an e-Sign compliant delivery method such as DocuSign or other third party provider the bank uses.
• Prepare loan modifications, as necessary.

Required Skills:

• Strong knowledge of consumer, commercial, and real estate loan documentation
• Knowledge of related state and federal banking compliance regulations and Bank lending policies and procedures
• Proficient in the use of PC software including Microsoft Office Suite
• Strong organizational skills and effective time management
• Ability to work independently with limited supervision
• Excellent oral, written communication and presentation skills
• Detail oriented
• Ability to multitask
• Strong analytical skills
• Ability to assume additional tasks and responsibility as assigned by management

Desired Skills:

• Minimum of 2 years working experience as a loan processor
• Experience loan processing in Consumer, Commercial and Commercial Real Estate
• Experience working with Laserpro
• Experience working with FISERV Navigator & Director

Education/Certifications:

• High School Diploma
• Bachelor's Degree Preferred

Job Type: Full-time

Benefits:

• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift

Work Location: In person