Loan Administration Processor

RESOURCE BANK

Loan Administration Processor

Position Summary:

This position reports to the Loan Administration Manager and is responsible for reviewing and preparing loan papers to ensure completeness and is responsible for the functions required to complete transactions between the loan establishment and borrowers for consumer, commercial and real estate transactions. 

 Essential Functions:

• Verify and examine information and accuracy in loan approval package.
  • Must be within Loan Policy Guidelines
  • In Compliance with different Regulations
    • HMDA
    • HOEPA
    • Reg B
    • Reg Z
    • TRID
• Prepare loan documents within Laser Pro, both application disclosures and closing packages.
• Board loans into the core system including building out collateral for each loan.
• Set up loans (if needed) on Auto Debit from internal accounts or external accounts.
• Prepare loan files to be scanned into the electronic imaging system.
• Assists with correcting exceptions found in loan files by Loan Review.
• Assists with payment corrections and payment research.
• Waive Late Charges approved by the Officer.
• May be responsible for setting up One-Time ACH payments.
• May be responsible for posting and/or verifying Electronic Loan Payments.
• May be responsible for reviewing daily loan reports.
• Mail mortgage documents for recordation.
• Conduct UCC searches and file UCC Statements.
• Type and book letters of credit.
• Type and book Home Equity Lines of Credit.
• Prepare Title Work for DMV.
• Orders title work from attorney’s office or title companies.
• Assist in organizing loan closings.
• Request flood certificates.
• May have the authority to appove official checks.
• Answer and assist with phone calls made to the department
• Uses independent judgment and decision making in carrying out the essential functions of the position.
• Must be able to multi-task and prioritize your workload. 
• All other duties assigned.

Skills and Abilities:

• Reading Comprehension - Understanding written sentences and paragraphs in work- related documents.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Time Management - Managing one's own time.
• Speaking - Talking to others to convey information effectively.
• Mathematics - Using mathematics to solve problems.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Regulations – A full understanding and knowledge of TRID, HOEPA, HMDA, Reg B and Reg Z.

Competencies:

• Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
• Written Comprehension - The ability to read and understand information and ideas presented in writing.
• Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
• Speech Clarity - The ability to speak clearly so others can understand you.
• Speech Recognition - The ability to identify and understand the speech of another person.
• Written Expression - The ability to communicate information and ideas in writing so others will understand. 

Working Conditions:

The work for this position is conducted in a back office of our bank and the requirement for travel is limited to travel for training and meetings.  This position could require working extended hours in the evenings or weekends, depending on workload.    

Americans with Disability Specifications:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk or hear; taste or smell.  The employee must occasionally lift and/or move up to 25 pounds.  Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

Experience and Education:

Associate's Degree (or other 2-year degree) and/ or equivalent loan administration experience. Three years of experience in consumer and commercial loan processing preferred.  Experience in Laser-Pro preferred.

The position of Loan Processor has three different levels: Loan Processor I, II and III.  The position level is primarily determined by the following categories: 

• The type of loans in the portfolio handled by the Processor (Real Estate, Consumer, Commercial)
• The level of expertise held by the incumbent in the position
• The complexity of the portfolio
• The years of experience of the incumbent

This list is not intended to be all inclusive but is describing the major criteria in determining one’s level of position.

EOE/Minorities/Females/Vet/Disabled