Job Description :
Description/Comment: Summary:
A Loan Processor to ensure timely, complete, and accurate packaging of all loans originated by loan officers.
Job Responsibilities:
*Reviews and understands credit approval and approval conditions to determine documentation requirements.
*Reviews supporting documentation to determine entity’s ability to enter into loan agreement and pledge collateral, required authorized signers and if the property is located in a flood plain. *Works with third party vendors to obtain needed documentation i.e. title, environmental, appraisals, etc.
*Work with loan officer and/or customer to obtain customer information required by banking regulations and bank policy and/or procedure.
*Accurately request or prepares closing documentation needed for the specific loan type, structure and collateral being taken.
*Calculates final payoffs and compiles accurate disbursement information to ensure the bank collects all required fees and the loan is funded correctly.
*Files incoming items in the electronic credit file and is responsible for a complete electronic file for examination purposes.
*Reviews documentation prepared by government agencies or attorneys to ensure they were prepared per the credit approval.
*Ensures collateral is perfected and clears all post-funding tickler items.
*Follows for debenture for 504 loans. Prepares required forms to complete the process and negotiates and required modifications with the CDC/SBA.
*Receives questions and assists branch personnel and sales representatives regarding loan documentation (i.e. verbiage, titling, disbursements,etc
*Interfaces with sales representatives, outside lending partners, DMV offices and/or title/doc service companies.
*Provides additional support to other areas of DCL Operations as required. *Performs other duties as assigned.
Skills:
*Basic knowledge in lending and the real estate industry.
*Excellent written and verbal communication.
*Strong attention to detail.
*Ability to handle multiple tasks with frequent interruptions.
*Knowledge of basic accounting processes and procedures.
*Basic computer skills including Microsoft Office.
Education/Experience:
*High school diploma or GED required.
*Bachelor’s degree in business or related field preferred.