Business Loan Processor

Horicon Bank•Beaver Dam, WI

5d•Onsite

About The Position

The Business Loan Processor prepares a wide variety of business-related loan documents, in compliance with regulations for both pre and post closings and maintains required documentation. This role enthusiastically supports the bank sales function by providing exceptional service to internal and external customers. The processor will run external credit ratings and customer inquiries, obtain and provide pay-off information, order determinations for flood plains, credit reports, opinions of title, title insurance, and letter reports. They will also perform corporate name searches and tax bill inquiries, organize and handle loan documentation preparation, and accurately prepare and process new and refinanced loan documents and disbursements for loan closings. Post-closing, the processor reviews files to ensure all documents are signed and checks have been disbursed, prepares necessary tickets and forms, and sets up loans on the system. Additionally, they forward documents to various institutions to perfect liens on collateral, document exceptions, obtain initial coverage binders or copies of policies, and ascertain appropriate insurance levels. The role involves maintaining a list of loans pending final document completion, answering department phones, providing assistance with internal questions, and ensuring prompt customer response. The processor also completes administrative responsibilities supporting commercial processing, credit departments, and the business lending team, and may assist other processors as needed. Additional duties include assisting in the development of manuals, updating knowledge professionally, participating in training, and performing other duties as necessary to facilitate day-to-day operations and comply with enterprise policies and regulations.

Requirements

High school diploma or equivalent
A minimum of at least two years of previous banking or related experience required.
Computer literacy including experience with Office Suite, MS Word, Excel, and other computer software products.
Ability to plan and prioritize a diversified workload.
Ability to handle multiple tasks concurrently.
Ability to exercise good judgment in all areas of responsibility.
Ability to work effectively under pressure and deadlines.
Ability to work independently and produce quality results.
Ability to work in a collaborative team environment.

Nice To Haves

Assist in the development of manuals and supporting documentation to accomplish tasks/duties inherent in the lending department.
Update knowledge and develop professionally on a continuing basis.
Participate in internal and external training and development opportunities as required.

Responsibilities

Prepares a wide variety of business-related loan documents in compliance with regulations for both pre and post closings.
Maintains required documentation.
Enthusiastically supports the bank sales function by providing exceptional service to internal and external customers.
Runs external credit ratings and customer inquiries in the core banking system.
Obtains pay-off information from other creditors and provides pay off information as necessary.
Orders written flood plain determinations, credit reports, opinions of title, title insurance, and letter reports.
Performs corporate name searches and tax bill inquiries.
Organizes and handles an accepted volume of loan documentation preparation.
Accurately prepares and processes new and refinanced loan documents and disbursements for loan closings.
Reviews files after closings to ensure that all documents are signed and checks have been disbursed.
Prepares proper tickets, forms, and set-up of loans on the system.
Forwards documents to other financial institutions, insurance companies, Register of Deeds, Secretary of State, Department of Natural Resources, and Department of Motor Vehicles to perfect liens on collateral.
Documents all exceptions on the "Closed Pending LisAssist".
Obtains initial coverage binders or copies of policies from borrowers or insurance agents.
Ascertains levels of insurance are appropriate and the bank is listed as Mortgagee/Loss Payee.
Maintains a list of loans that are closed but pending completion of final documents.
Answers department phones and provides assistance with internal questions.
Ensures prompt and courteous response to customer inquiries.
Completes various administrative responsibilities that support the commercial processing and credit departments and the business lending team.
Performs other duties to facilitate day-to-day operations within the department.
Assists other processors as needed.
Assists in the development of manuals and supporting documentation.
Updates knowledge and develops professionally on a continuing basis.
Participates in internal and external training and development opportunities as required.
Performs other duties as may be necessary to fulfill the responsibilities of this role.
Fully complies with all applicable enterprise policies and procedures.
Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act.
Responsible for reporting suspicious activity to the AML/CFT team.