Loan Administrative Assistant

The Bank of Missouri • Columbia, MO

21d • Onsite

About The Position

Loan Administrative Assistants are responsible for producing correspondence, scheduling and assisting Officers in management of client relationships and maintaining client account files/relationships in conformity with bank policy and regulatory requirements. They also perform loan processing, closing, set-up, and follow-up (servicing) responsibilities associated with the documentation and posting necessary in granting credit to the Banks borrowers.

Requirements

• Associates Degree in business related field plus additional bank-related training and secretarial training; or three to four years related experience and/or training; or equivalent combination of education and experience.

Responsibilities

• Maintain educational and professional expertise by completion of relevant on-line or in-house training, and/or through attendance at job related seminars, conferences, and workshops.
• Maintain confidentiality of customer account information.
• Follow established policies and procedures in responding to inquiries and requests.
• Perform full range of duties pertaining to the loan processing/closing/servicing function, including, but not limited to the following: pull system inquiries to obtain credit history information on potential borrowers, answer customer inquiries, prepare processing and closing documents for new and refinanced loan closings.
• Review files to ensure that proper documents and disbursements are prepared accurately for loan officer or assistant performing the closing.
• Obtain pay-off information as necessary.
• Demonstrate ability to review files after closing to ensure that all documents are signed and checks are disbursed.
• Review loan document requirements prior to and after loan closing in conformity with compliance requirements
• Complete loan disbursements for clients timely and accurately.
• Prepare various legal documents to ensure proper lien on collateral of loan client.
• Type correspondence including memos, letters, mailings and file comments.
• Read and route incoming mail.
• Locate and attach appropriate file to correspondence to be answered by employer.
• Organize and maintain file system, filing correspondence and other records.
• Courteously answer and screen telephone calls.
• Courteously greet scheduled visitors and direct to appropriate area or person.
• Fed Ex loan papers to customers.
• Notarize signatures for loan closings and customers.
• Conduct research on file history in preparation for client meetings or in response to auditory inquiries.
• Process all types of loan payments.
• Forward lien requests to Recorder and follow-up to insure proper recording of liens.
• Prepare releases and satisfactions for loans.
• Request yearly financial updates, annual reports, and current tax filings from borrowers.
• May handle loan exceptions and communicate with appropriate loan officers in that regard.
• Make copies of correspondence or other printed materials
• Prepare outgoing mail and correspondence, including e-mail and faxes for loan officers.

Benefits

• Competitive Salary
• Personal paid time off and paid holidays, as eligible
• 401K and Employee Stock Option Plan, as eligible
• Generous medical, dental, vision, life and disability insurance
• Fitness reimbursement
• Learning, development and growth opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree