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Loan Processing Specialist
2 months ago
This role is designed to support both internal and external clients by managing, evaluating, and making determinations on new loan and lease applications within the Scorecard framework.
The specialist will onboard loans and establish lease requests by assessing eligibility and adherence to established policies.
Collaboration with internal colleagues and Agri-Access Lending Partners is essential to ensure sound, efficient, and timely credit decisions.
This position offers a hybrid work model, allowing for up to 50% remote work, and is available at any Compeer office location.
Key Responsibilities:
- Evaluate loan and lease applications for scoring and make approval or denial decisions using Compeer's scoring model.
- Identify and input YBS, farm involvement, and industry codes for Salesforce loan setup.
- Review status codes from the Decision Management Platform and assess financial/supporting documentation to approve or decline requests based on scoring outcomes.
- Analyze financial documents for low-side or high-side overrides and policy exceptions, determining the necessary level of analysis and due diligence based on credit risk.
- Assist in monitoring the program, generating reports, and rectifying errors.
- Support required reporting and updates to policies and processes.
Qualifications and Skills:
- Associate's degree in business administration, finance, economics, agribusiness, data analysis, or a related field, or an equivalent combination of education and experience.
- 3-5 years of experience in lending, credit analysis, finance, or customer service.
- Familiarity with federal and state laws, regulations, and compliance requirements specific to the financial sector.
- Understanding of agricultural businesses, crop insurance, and livestock industries.
- Comprehensive knowledge of the lending process, policies, and operational procedures.
- Strong communication skills, both written and verbal, with the ability to engage at all organizational levels.
- Ability to develop and maintain effective interpersonal relationships.
- High integrity and strong teamwork capabilities.
- Excellent problem-solving, decision-making, time management, and organizational skills.
- Proficient in MS Office applications and customer relationship management (CRM) systems.
- Strong analytical skills with a keen attention to detail.
- Adaptable to changing situations and able to maintain objectivity in balancing business needs and risk.
- Valid driver's license is required.
About Compeer Financial:
Compeer Financial is dedicated to supporting the aspirations of rural America. By becoming part of our organization, you will contribute to empowering individuals in agriculture and rural communities to realize their goals and broaden their opportunities.
Why Choose Compeer Financial?
We offer a collaborative and dynamic work environment, along with excellent benefits, including medical, dental, and vision insurance, a 401K plan with contributions and matching, and generous paid time off.