Loan Administration Clerk

First US Bank•Thomasville, AL

1d•Onsite

About The Position

The Loan Administration Clerk is responsible for operations processing of consumer and commercial loans. Assists with the preparation and distribution of tracking reports and the balancing of loan settlement and other accounts. Provides quality service to First US Bank loan customers. Performs additional duties as assigned.

Requirements

High school diploma or equivalent required
Minimum of one year experience working in a financial institution required
Excellent analytical and organizational skills, with a high level of attention to detail
Strong verbal and written communication skills
Interpersonal skills necessary to professionally interact with customers, lending personnel, and third parties; ability to maintain a friendly, courteous, and professional demeanor throughout the workday
Proficiency with Microsoft Office applications and other business computer systems
Ability to work independently and collaboratively within a team environment
Ability to manage multiple priorities in a face-paced environment
Regular and reliable attendance is an essential function of this position

Nice To Haves

Prior loan operations experience strongly preferred
Knowledge of Jack Henry / Silverlake / Xperience / Synergy / OnBoard Loans / MeridianLink platform systems a plus

Responsibilities

Utilize the bank’s loan platform system to generate required loan documents such as promissory notes, deeds/mortgages, security agreements, and mandatory regulatory disclosures.
Confirm data entered in the system matches terms of loan approval package; ensure organizational documents reflect proper signatory authority for legal entity borrowers; review preliminary title work to ensure clear final title; manage collateral lien perfection; verify adequacy of collateral insurance coverage.
Upload and fund loans on the core data system; process disbursements.
Scan and index loan documents to Synergy imaging system; set up loan files upon receipt of collateral and closed loan documentation from branches.
Maintain and monitor tickler systems for tracking real estate title policies, recorded deeds/mortgages, UCCs, vehicle titles, insurance policies, annual financial statements, covenant testing, and other requirements.
Perform daily loan servicing functions, including loan settlement, payment processing, escrow, account maintenance, customer inquiries, and other tasks.
Monitor daily loan payoff report; prepare payoff letters; obtain lender approval and confirmation for collateral release; processes lien releases and cancellations.
Participate in and complete all required compliance training, including BSA/AML, as well as other internal and external training programs.
Participate in process improvement initiatives to enhance efficiency, accuracy, and customer experience.
Assist in training new teammates as needed.
Perform additional duties as assigned.