Loan Operations Specialist

6 days ago


Russellville, Alabama, United States CB&S Bank Full time
Job Overview

CBS Bank is seeking a skilled Loan Utility Specialist III to join our team. As a key member of our loan operations department, you will play a crucial role in processing owner-occupied residential real estate loans, commercial and consumer loans.

Job Responsibilities:
  • We are offering an estimated salary range of $45,000 - $65,000 per year, based on experience and qualifications.
  • The ideal candidate will have a minimum of one year clerical and loan operations experience, as well as proven knowledge of loan policies and procedures.
  • Responsibilities include verifying and imaging documents on all residential real estate loans, commercial and consumer loans on the computer system, reviewing loan compliance and documentation, and preparing and mailing loan coupon books.
  • You will also be responsible for accurately preparing and mailing paid out loan papers, performing credit administration duties assigned by the loan administrator, and assisting Lending Officers in processing loans and correspondence.
  • Additionally, you will order and review real estate appraisals and title insurance for exceptions regarding mortgage loans, work together with Loan Officers to clear exceptions, and prepare and mail Good Faith Estimates and Advance Truth in Lending Disclosures in accordance with all regulations.
  • You will monitor the status of documentation and prepare weekly status reports for distribution to loan officers, and prepare real estate loan documentation for loan closings, and close such loans when necessary.
Requirements:
  • A high school graduate or equivalent, with a minimum of one year clerical and loan operations experience, and intimate knowledge of Real Estate Settlement and Procedures Act, Truth in Lending, Home Mortgage Disclosure Act, FNMA guidelines, and other compliance requirements.
  • Excellent organizational skills and communication skills, both verbal and written, with demonstrated ability to interact with customers and employees, and listen effectively.
  • Demonstrated ability to adapt to and use other PC-based software packages, and perform repetitive motion tasks and tasks using only fingers.
  • Ability to sit for extended periods of time, transmit information in written form, lift and carry files weighing 20 - 25 lbs. from both high and low positions, and work in small areas.


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