Loan Administration Assistant

7 days ago

Springfield, United States OakStar Bank Full time
Description

SUMMARY

The position of Loan Administration Assistant is responsible for performing routine loan administration duties related to consumer and business loans, processes consumer, commercial and real estate advances on lines of credit, boards loans (new and renewed) on the Bank's CORE system and loan documentation system, may distribute daily and monthly reports, and promotes business for the Bank by maintaining good customer relations and providing excellent customer service to both "external" customers and "internal" customers.

Assures compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.

ESSENTIAL DUTIES
  • Assist with uploading / reviewing new and renewed loans on the bank's CORE system.
  • May sort and distribute daily and monthly loan reports to applicable branches or departments.
  • Post loan payments, research and correct errors related to incorrect payment posting.
  • Processes consumer, commercial and real estate advances.
  • Review the scan checklist for missing or incomplete documents.
  • Set up and maintain credit and other files for documentation and compliance, vehicle liens and / or UCC filings.
  • Answers the telephone, responds to routine loan officer or customer inquiries relative to account balances, loan balances, and payoff requests.
  • Assistants loan officers and other personnel to ensure proper related documentation is prepared and/or provided.
  • May close paid loans and terminate collateral when applicable.
  • Corrects loan accounting system errors as necessary.
  • May process various loan reports and callbacks.
  • Provides effective customer service and assists in resolving problems within given authority.
  • Calculates loan pay off amounts for certain types of loans.
  • Operations SilverLake CORE system to process loan activity, determine balances, and resolve problems within given authority.
  • Helps maintain digital loan files, copies, and other documents.
  • Additional duties may be assigned, depending on need.
  • Treats people with respect; keeps commitments; Inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
  • Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
  • Follows policies and procedures; completes administrative tasks correctly and on time; supports the Bank's goals and values; benefits the bank through outside activities.
  • Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one's own actions and conduct.
MINIMUM REQUIREMENTS

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
  • High school diploma or general education degree (GED) and 2+ years of related experience and/or training, or the equivalent combination of education and experience.
  • Basic experience, knowledge and training in lending activities, terminology and products and services.
  • Basic knowledge of related State and Federal banking compliance regulations, and other Bank deposit or lending policies.
  • Basic skills in computer terminal and personal computer operation, bank's CORE system, word processing, spreadsheet and specialty software programs.
  • Basic typing skills to meet production needs of the position.
  • Basic math skills: calculate interest, commissions, proportions, and percentages, balance accounts, add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals, locate routine mathematical errors, compute rate, ratio and percent.
  • Effective verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees.
  • Ability to deal with routine problems involving multiple facets and variables in standardized situations.
  • Good organizational and time management skills.
  • Ability to work with general supervision while performing duties.
  • Current STATE driver's license and a vehicle with appropriate insurance coverage if required to drive while performing assigned duties and responsibilities.

Updated: September 24, 2024

  • Loan Administration Assistant

    6 days ago

    Springfield, Illinois, United States OakStar Bank Full time

    Job SummaryThe Loan Administration Assistant plays a vital role in the success of OakStar Bank by ensuring the smooth operation of loan administration duties. This position is responsible for performing routine tasks related to consumer and business loans, including processing loan applications, maintaining accurate records, and providing excellent customer...

  • Loan Operations Administrative Coordinator

    1 month ago

    Springfield, Virginia, United States George Mason University Full time

    Position Overview:The Lending Administrative Specialist plays a crucial role in supporting the Business Finance Center (BFC) at George Mason University. This part-time position is designed to enhance the lending operations and improve engagement with applicants and borrowers within the community.Key Responsibilities:Assist in the monthly and bi-monthly loan...

  • Loan Administration Specialist, Business Finance Center

    1 month ago

    Springfield, Virginia, United States George Mason University Full time

    Position Overview:The Community Business Partnership (CBP) is seeking a dedicated Lending Administrative Specialist to enhance the operations of the Business Finance Center (BFC). This role is pivotal in supporting our lending initiatives and improving engagement with applicants and borrowers.Location: Springfield, VAEmployment Type: Part-Time / Hourly...

  • Loan Administration Specialist, Business Finance Center

    1 month ago

    Springfield, Virginia, United States George Mason University Full time

    Lending Administrative Specialist, Business Finance Center Department: Office of Research Innovation and Economic ImpactClassification: GMU WorkerJob Category: Part-Time / Hourly WageJob Type: Part-TimeWork Schedule: Maximum of 29 hours per weekWorkplace Type: On Site RequiredSalary: Commensurate with education and experienceCriminal Background Check:...

  • Loan Processing Assistant

    2 weeks ago

    Springfield, MO , USA, United States Regent Bank Full time

    Job SummaryWe are seeking a highly organized and detail-oriented Loan Processing Clerk to join our team at Regent Bank. As a Loan Processing Clerk, you will play a critical role in assisting Commercial Lenders with various routine and clerical duties, including preparing loan requests, working with lenders, borrowers, and credit administration staff, and...

  • Loan Processing Assistant

    2 weeks ago

    Springfield, MO , USA, United States Regent Bank Full time

    Job SummaryWe are seeking a detail-oriented Loan Processing Clerk to join our team at Regent Bank. As a key member of our Commercial Lending department, you will play a crucial role in preparing loan requests, working closely with lenders, borrowers, and credit administration staff.Key ResponsibilitiesPrepare and send internal loan checklists to centralized...

  • Loan Assistant

    2 weeks ago

    Springfield, Missouri, United States Old Missouri Bank Full time

    Job SummaryAs a Loan Assistant at Old Missouri Bank, you will play a vital role in delivering exceptional customer service and ensuring the smooth processing of loan applications. Your strong communication skills and ability to work effectively in a team will be essential in maintaining loan accounts and performing various clerical tasks to support loan...

  • Director, Loan Asset Administration Center of Excellence

    2 weeks ago

    Springfield, Massachusetts, United States Massachusetts Mutual Life Insurance Company Full time

    Transformative Leadership OpportunityWe are seeking a seasoned Director to lead our Loan Asset Administration Center of Excellence, focusing on Bank Loan investment within Insurance General Account Portfolios. This role offers a unique chance to drive end-to-end operations for a $35B Bank Loan portfolio, partnering with investment management, middle-office...

  • Loan Operations Coordinator

    4 weeks ago

    Springfield, Illinois, United States Commonwealth of Virginia Full time

    About the Commonwealth of Virginia:The Commonwealth of Virginia is a 501(c)3 organization whose mission is to provide affordable access to capital to underserved and underbanked micro and small business owners in Northern Virginia and surrounding areas.The organization is a certified Community Development Financial Institution (CDFI) via the U.S. Department...

  • Administrative Assistant for Lending Services

    1 month ago

    Springfield, Illinois, United States Commonwealth of Virginia Full time

    Department: Office of Research Innovation and Economic Impact Classification: GMU Worker Job Category: Part-Time / Hourly Wage Job Type: Part-Time Work Schedule: Maximum of 29 hours per week Location: Springfield, VA Workplace Type: On Site Required Salary: Salary commensurate with education and experience Criminal Background Check: ...

  • Director, Loan Asset Administration Center of Excellence

    4 days ago

    Springfield, United States MassMutual Full time

    Director, Loan Asset Administration Center of Excellence (CoE) Full-Time Hybrid, Boston MA, Springfield MA, or New York, NY The Opportunity We have an exciting transformational opportunity for a Director, Loan Asset Administration Center of Excellence (CoE) focusing on Bank Loan investment within Insurance General Account Portfolios. The team functions...

  • Director, Loan Asset Administration Center of Excellence

    5 days ago

    Springfield, United States MassMutual Full time

    Director, Loan Asset Administration Center of Excellence (CoE) Full-Time Hybrid, Boston MA, Springfield MA, or New York, NY The Opportunity We have an exciting transformational opportunity for a Director, Loan Asset Administration Center of Excellence (CoE) focusing on Bank Loan investment within Insurance General Account Portfolios. The team functions...

  • Director, Loan Asset Administration Center of Excellence

    3 days ago

    Springfield, United States MassMutual Full time

    Director, Loan Asset Administration Center of Excellence (CoE) Full-Time Hybrid, Boston MA, Springfield MA, or New York, NY The Opportunity We have an exciting transformational opportunity for a Director, Loan Asset Administration Center of Excellence (CoE) focusing on Bank Loan investment within Insurance General Account Portfolios. The team functions...

  • Director, Loan Asset Administration Center of Excellence

    4 days ago

    Springfield, United States MassMutual Full time

    Director, Loan Asset Administration Center of Excellence (CoE) Full-Time Hybrid, Boston MA, Springfield MA, or New York, NY The Opportunity We have an exciting transformational opportunity for a Director, Loan Asset Administration Center of Excellence (CoE) focusing on Bank Loan investment within Insurance General Account Portfolios. The team functions...

  • Administrative Assistant

    6 days ago

    Springfield, Massachusetts, United States Greater Springfield Senior Services, Inc. (GSSSI) Full time

    Job SummaryWe are seeking a highly organized and detail-oriented Administrative Assistant to join our Client Services Department. The successful candidate will provide administrative support to our team, ensuring the smooth operation of our services.Key ResponsibilitiesProcess service data entry, including openings, effective dates, changes, closings, and...

  • Management Trainee

    2 days ago

    Springfield, Illinois, United States Tower Loan Full time

    About Tower LoanTower Loan is a leading consumer finance company with over 80 years of experience in lending money to customers for personal loans, home equity loans, and retail sales financing.Job SummaryWe are seeking a highly motivated and ambitious individual to join our Management Trainee program. As a Management Trainee, you will have the opportunity...

  • Consumer Loan Servicing Associate

    1 month ago

    Springfield, United States Freedom Credit Union Full time

    Job Type Full-timeDescriptionPrimary Summary:Receive phone calls and assist members with a wide variety of concerns in order to streamline calls going to loan officers and other departments. Provides the highest level of quality customer service. Services loans post-closing for mortgage and consumer loans.Essential Functions/Position Responsibilities:Process...

  • Customer Service Representative

    2 weeks ago

    Springfield, Illinois, United States Tower Loan Full time

    Tower Loan is a leading consumer finance company with a rich history of providing financial solutions to customers. We are seeking a highly skilled Customer Service Representative to join our team. As a Customer Service Representative, you will be responsible for providing exceptional customer service, resolving customer complaints, and promoting our...

  • Loan Assistant

    2 weeks ago

    Springfield, MO , USA, United States Old Missouri Bank Full time

    Job SummaryWe are seeking a highly skilled Loan Assistant to join our team at Old Missouri Bank. As a Loan Assistant, you will play a critical role in processing loan applications and maintaining loan accounts.Responsibilities:* Process loan applications and maintain accurate records* Provide exceptional customer service to our clients* Perform various...

  • Management Trainee

    3 days ago

    Springfield, Illinois, United States Tower Loan Full time

    Manager Development ProgramAt Tower Loan, we are committed to developing the next generation of leaders. Our 10-12 month full-time Manager Development Program is designed to equip you with the knowledge, skills, and abilities to provide exceptional customer service and become a leader in consumer finance.About the ProgramNo prior experience is required - we...