Residential Loan Processing Specialist

2 weeks ago


Ottawa, Kansas, United States The Bank of New Glarus Full time
Job Overview

Position Title: Loan Processor - Focus on Residential and HELOC

Position Summary:

The Loan Processor, specializing in residential and Home Equity Line of Credit (HELOC) loans, plays a crucial role in the preparation and management of comprehensive loan documentation. This position involves meticulous data entry, system maintenance, and the oversight of loan report accuracy. The Loan Processor ensures that all necessary documentation is prepared and filed correctly, maintaining the integrity of the Bank's collateral.

Key Responsibilities:

  1. Loan Processing Duties:
    1. Initiate and manage new loans and renewals within the Bank's core systems.
    2. Accurately input data related to loan advances, payments, and customer inquiries.
    3. Prepare and dispatch loan deferments and denials as directed by lending staff.
    4. Conduct updates with Credit Bureaus and validate customer identification as required.
    5. Assist customers with inquiries regarding loan balances and payoff amounts.
    6. Ensure compliance with secondary market loan documentation requirements.
    7. Perform miscellaneous support tasks related to loan processing.
  2. Loan Administration Duties:
    1. Prepare and validate loan renewal documents, ensuring all terms are accurate.
    2. Review and finalize loan documentation for accuracy prior to closing.
    3. Organize loan files and set up tracking systems for outstanding documentation.
    4. Provide administrative support to lenders, including correspondence and follow-ups.
    5. Assist in the imaging and filing of loan documentation.
    6. Monitor and track outstanding items in the loan processing area.
  3. Reporting and Compliance:
    1. Generate daily remittance and monthly reports for secondary market loans.
    2. Collaborate with compliance officers to ensure accurate HMDA reporting.
    3. Maintain organized records and assist in general administrative tasks.

Required Skills and Qualifications:

  1. Strong analytical skills with the ability to interpret business documents and regulations.
  2. Proficient in report preparation and business correspondence.
  3. Excellent verbal communication skills for effective interaction with clients and team members.
  4. Basic mathematical skills for handling financial data.
  5. Ability to solve practical problems and manage various tasks efficiently.
  6. Familiarity with computer systems and software applications relevant to loan processing.

Education and Experience:

A degree in a relevant field or equivalent experience in loan processing is preferred.

Physical Requirements:

The role requires prolonged periods of sitting, along with occasional lifting of up to 25 pounds. Visual acuity for detailed work is necessary.

The Bank of New Glarus is committed to providing equal employment opportunities and fostering a diverse workplace.



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