Consumer Loan Processing Specialist I

Towne Family of Companies•Suffolk, VA

4d•Onsite

About The Position

Process and close all consumer loans and lines of credit to include home equity lines, and input HMDA data. Knowledge of consumer lending regulations and compliance.

Requirements

Excellent customer service skills
Strong organizational skills
Ability to work independently
Strong computer skills (Word, Excel)
Professional telephone skills
Ability to work under time constraints
Ability to multitask
Experience in consumer loan area of banking to include loan documentation and regulations, specifically real estate secured

Nice To Haves

Knowledge of loan documentation
Knowledge of loan origination system
Experience with Real Estate closings
Strong technology skills (Power BI, intermediate or above Excel skills)
Knowledge of consumer loan regulations

Responsibilities

Process and close loans as assigned, HELOC, auto, brokerage secured and boat loans.
Maintain and manage loan processing queue daily
Provide excellent service to our members and loan administration personnel in the field
Prepare loan documents within regulatory timeframes
Adheres to Service Level Agreements
Prepares CIT documentation for HELOC, auto, brokerage and boat loans with assistance
Input HMDA data and understands HMDA regulations
Handles exceptions in a timely manner with assistance
Input loans into the Loan Documentation System
Prepare attorney’s instructions
Prepare loan proceeds checks/wire transfers/general ledger entries
Review final loan documentation after closing
Correct any collateral exceptions in a timely manner
Collaborate with team members outside of department to ensure smooth closing process for members
Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
Other duties as assigned.