Bank Loan Processor

First Federal Bank • McMinnville, OR

403d

About The Position

The Loan Processor position at First Federal is an entry-level role focused on supporting the loan processing team. The incumbent will develop a thorough understanding of consumer and mortgage lending products, ensuring compliance with financial and regulatory requirements. Responsibilities include organizing loan files, managing a pipeline of loans, and assisting with customer inquiries, all while adhering to company policies and procedures.

Requirements

• High school diploma or GED required; Business Administration degree preferred.
• 1-3 years of consumer and mortgage loan processing experience desired.
• Knowledge of basic lending policies and procedures, including state and federal regulations.
• Ability to operate various office equipment and software, including Microsoft Word, Excel, and Outlook.
• Professional written and verbal communication skills.
• Effective time management and organizational skills.
• Ability to work effectively in a team environment and with minimal supervision.
• Notary Public licensing required.
• Ability to manage confidential information and make appropriate decisions.

Nice To Haves

• Experience with construction lending processes.
• Familiarity with secondary marketing practices and requirements.

Responsibilities

• Organize and complete departmental projects and work assignments while adhering to policies and regulatory guidelines.
• Complete initial review of new loan files for proper forms, signatures, and disclosure requirements.
• Ensure disclosures are completed within regulatory requirements and time frames.
• Develop ability to prioritize workflow for time-sensitive deadlines.
• Assemble loan files and complete initial document preparation.
• Send verifications of employment and deposits and run credit reports.
• Review verifications for errors and discrepancies.
• Manage a pipeline of moderately complex loans in collaboration with Loan Officers and Underwriters.
• Prepare and send pre-qualification letters and complete commitment or adverse action letters as appropriate.
• Assemble loan files and complete tasks related to ordering required documents.
• Send final application and associated loan documents to Borrower or Title Company for signature.
• Prepare final loan documents for submission to Underwriter/Loan Officer and manage file to closing.
• Prepare files for Quality Control (QC) process and resolve QC issues promptly.
• Develop familiarity with unique documentation requirements for various loan types.
• Assist customers and financial institutions with loan payoff requests.
• Provide back-up support within the Loan Operations Department as needed.
• Maintain effective communication with internal and external customers and vendors.
• Prepare correspondence related to lending processes and respond to loan applicant inquiries.
• Participate in volunteer activities that enhance the goals of the Association.
• Act in accordance with the highest standards of integrity and comply with applicable laws and regulations.

Benefits

• Competitive salary and benefits package.
• Training and ongoing professional development.
• Opportunities for career advancement within First Federal.
• Supportive, team-oriented work environment.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED