Loan Administration Specialist II

Legacy Bank • Bentonville, AR

1d

About The Position

The Loan Administration Specialist II position’s primary responsibility is to coordinate and prepare various types of new, modified, and renewed loan requests. This position works collaboratively with loan analysts and loan officers to facilitate smooth and timely closings.

Requirements

• A high school diploma or GED equivalent.
• 5-year previous banking/loan experience.
• Strong computer skills.
• Excellent written and verbal communication skills.

Nice To Haves

• Knowledge of Farmer Mac, FSA, and SBA guarantee loan products.
• Knowledge of TILA RESPA Integrated Disclosure rule.
• Knowledge of loan terminology and elements/process required to close a loan.
• Knowledge of general banking principles and federal and/or state regulatory lending laws.

Responsibilities

• Preparing and coordinating the loan closing process.
• Coordinating and preparing loan closings for the bank’s commercial, agricultural, consumer and TILA/RESPA credit.
• Using the Bank’s loan policy and processes to request loan documents according to approval, collateral, and additional documentation.
• Communicating with lending staff regarding status of loan requests, missing information needed from the lender/borrower.
• Utilizing bank’s software systems to work efficiently to complete the loan process as well as upload all relevant loan documents.
• Preparing, reviewing, and assembling loan documentation to ensure accuracy and compliance with bank policy and federal banking regulations.
• Preparing funding documentation as needed.
• Reviewing imaging system for documentation deficiencies for renewals and modification requests.
• Formulating professionally written responses to incoming internal and external customer emails with accurate information and within the established timelines.
• Other responsibilities as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED