Loan Clerk I
About The Position
This position's primary duties are to book and fund loan transactions, post loan payments, process loan advances, and file collateral documents. The role involves reviewing loan requests and disbursement instructions, uploading or booking all loans to the platform system, adding new customers to the core system, and adding/verifying Beneficial Ownership on new entities and renewals. It also includes performing limited post-closing reviews for necessary documents, researching and clearing balancing exceptions, booking extensions, deferrals, amendments, and participation loans, processing loan advances, posting payments, filing Lien Entries, UCC and EFS financing statements, quoting payoffs, and reviewing/mailing ARM loan notices. The position requires the ability to handle basic issues and refer complex ones to senior staff, communicate effectively with various levels, and provide support for other functions. Other duties may be assigned by management.
Requirements
- High School Diploma
- 1 - 2 years of experience in consumer and commercial lending practices
- Basic knowledge of loan system
- Ability to communicate effectively verbally and in writing
- Basic knowledge/experience with computer systems; Microsoft Word and Excel preferred
- Good organizational and time management skills
- Strong sense of customer service
- Strong attention to detail
- Good problem solving and troubleshooting skills
- Flexibility and ability to multi-task
- Ability to pass a drug screen and background check
Responsibilities
- Book and fund loan transactions
- Post loan payments
- Process loan advances
- File collateral documents
- Add new customers to core system
- Add Beneficial Ownership on new entities and verify on renewals
- Perform limited post closing review for necessary documents
- Research and clear balancing exceptions
- Book extensions, deferrals, amendments, and participation loans
- Process loan advances in accordance with bank policy and procedure
- Post payments
- File Lien Entries, UCC and EFS financing statements
- Quote Payoffs
- Review and mail ARM loan notices
- Handle basic and routine issues/problems; refer more complex issues to senior staff
- Communicate well with various levels
- Provide support for other functions or roles
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
