Loan Operations Specialist

1 week ago


Opelousas, United States Catalyst Bank Full time
Loan Processor Job Description

The Loan Processor will be responsible for receiving and processing loan applications. This role serves as a liaison between the Loan Department, third parties, and customers, ensuring seamless communication and timely completion of loan documents.

Key Responsibilities:

• Prepare and review loan documentation for completeness and acceptance by the applicant.
• Request appraisals and ensure timely completion of loan documents.
• Complete customer account maintenance and upload new loans to the core system.
• Request flood determinations and lien searches on home improvement/equity loans.
• Monitor escrow accounts to ensure timely remittance of payment to applicable agencies.
• Update the core loan system and prepare batch entries for disbursement of payment to various agencies.
• Monitor insurance tracking requirements to ensure timely receipt of insurance notifications.

Requirements:

• High school diploma or equivalency.
• Minimum 1-year operations and/or lending experience, preferably in a banking environment.
• Excellent verbal communication skills and proficiency in Microsoft Office products, including Word, Excel, and Outlook.
• Ability to handle multiple projects simultaneously and work with limited supervision, exercising own initiative and judgment.

Benefits:

Catalyst Bank offers a competitive salary, 401(k), Employee Stock Ownership Plan, Health/Dental/Vision insurance, Bank paid Life Insurance, Paid Holidays, Paid time off, and opportunities for advancement.
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