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Process application disclosures and other related documents for all consumer 1-4 family residential loan applications. Process all closing documents for personal, commercial, real estate and credit line loans on a daily basis for all bank locations. Prepare completed loans for data entry and all accounting entries necessary per transaction.
ESSENTIAL DUTIES AND RESPONSIBILITIESÂ include the following. Other duties may be assigned.
Process and deliver application disclosures and other related documents for Consumer 1-4 family residential loan applications for all bank locations. Ensure all disclosures are provided within designated time frame per regulation.
Ensure all applications disclosures are accurate and compliant with Reg Z, RESPA, and all other regulatory requirements.
Responsible for providing updated application disclosures, within required time frame per regulation.
Responsible for communicating to lender/loan assistant when loan request is identified as High Price Mortgage Loan.
Request flood determination on all consumer 1-4 family residential properties. Notify appropriate personnel if property is identified as being located in a designated special flood hazard area. Produce required flood notification documents.
Process all closing documents for personal, commercial, real estate and credit line loans for all bank locations on LPL loan processing system.
Prepare completed loans processed for data entry. Prepare all accounting entries necessary to properly activate all new loans. Ensure that all loan transactions that require on-line entry are passed on to Loan Data Entry Clerk.
Make sure all loans processed, but do not close, are deleted from the LPL system to ensure accuracy of monthly reports.
Follow up on all loans processed, which are not returned from lenders within a reasonable period of time, to ensure safety and security of original loan documents.
Responsible for the delivery of loan documents requiring electronic signing upon request from lending staff.
Monitor loan worksheets for proper underwriting exception approval; monitor s for proper customer acknowledgement of TRID disclosures.
Verify all payoffs before processing of any renewal of refinanced loan to ensure accuracy.
Work in conjunction with Loan Processor II, Loan Operations Officer, Loan Processing Supervisor and any other pertinent personnel to protect the integrity and accuracy of documents processed from LPL loan system.
Prepares all "change in terms" agreements per lenders instructions.
Report all critical warnings noted on any loans or applications processed in Laser Pro to Loan Processing Manager, Loan Operations Officer and/or Operations Officer prior to mailing application disclosures or delivering closing documents to lender.
Inform proper authority of any supplies needed for maintenance and upkeep of laser printer and fax machine.
Verify, through Corporate Records, all corporate, partnership, LLC, LLP, etc. legal titles if proper verifications have not been provided prior to processing of new loan. Verify through Military Lending Act database all individuals as pertains to loan processing and on loans that require MLA verification.Â
Release possessory documents held in collateral box upon payout of loan to proper owners, as well as prepare new assignments and collateral receipts for any possessory documents that are changed.
Must exercise confidentiality in regards to any and all financial data provided to the bank by customers.
Completes training as required.
Perform backup duties and miscellaneous duties as required.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED
- One to three years’ experience in banking or loan operations, preferably with emphasis in loan documentation and compliance.Â
- Knowledge of regulatory compliance and documentation.
- Must be a highly motivated individual that can handle a heavy workload. Ability to handle deadlines, prioritize job duties while maintaining multiple loan requests.
- Data processing skills, basic computer skills normally acquired through an introduction to computers course.Â
- Must feel at ease working with computers.Â
- Must be able to process loans quickly and accurately.
- Must possess the ability to work as a team player, providing coverage, and assisting other processors.
- Ability to perform under pressure situations and to handle customers' and lenders' needs professionally and effectively.Â
- Ability to be confident in presence of customers.
- Sufficient interpersonal skills and characteristics necessary to interact and communicate with customers and bank personnel.
- Needs to possess knowledge of the appropriate documents to use for each type of loan utilized.
- Must adapt to change quickly.
- Knowledge of different entity structure; such as Corporations, Partnerships, LLC, LLP, etc.
- Organizational skills necessary to keep documents properly safeguarded and funneled through proper channels.
- Technical skills with variety of office equipment, including loan processor, calculator, typewriter, telephone, laser printer, and fax machine.
- Knowledge of general banking procedures acquired through basic banking courses, such as Principles of Banking.
- Organizational skills necessary to maintain a clean, neat and professional appearance.
- Willingness to work an eight hour day.
PHYSICAL DEMANDS… The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this Job, the employee is regularly required to use hands to finger, handle, or feel and talk or hear. The employee is frequently required to stand; walk and sit. The employee is occasionally required to reach with hands and arms. The employee must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision and distance vision.
The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements.
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