Loan Closer-Consumer
About The Position
First Federal Bank of Louisiana is currently seeking a Loan Closer – Consumer in the Loan Processing and Closing Department. The position is located at the Main Office in Lake Charles, Louisiana. About Us First Federal Bank of Louisiana is a full-service, locally owned, community bank that has helped build the communities we serve for 70 years. With 16 branches serving 11 communities in Louisiana, we are proud to offer our customers a wide variety of products and services to meet all of their financial needs. We offer Personal and Business Checking Accounts, Savings and CDs, multiple Retirement options, Home Equity Lines of Credit, as well as Mortgages and Consumer Loans. Our established Investment and Insurance divisions also offer a full line of products. Over the years, First Federal Bank has established a reputation for fast, professional service. We believe our customers expect and deserve nothing less. Position Summary Gathers required documentation from point of approval to closing by communicating and working with lenders. Prepares and reviews legal documents for closing. Essential Duties & Responsibilities include, but are not limited to, the following: Processes all originated new and renewal non-real estate consumer from time of approval Assists Loan Review with review of appropriate documentation prior to loan closing Assembles and verifies accuracy and completeness of consumer loan documentation Answers telephone and written inquiries concerning consumer loan processing Enters data into computer for loan documentation tracking Prepares bills of sale, power of attorneys, and other documentation, as needed Assists with preparation of corrections for DMV, UCC, and other consumer filings Prepares legal documents for loan closings; coordinates closing appointment with lender Reviews closing documents for content and accuracy Reconciles the GL account for the consumer loans; transfers funds as appropriate Scans, indexes, and verifies new consumer loan documentation Prepares, reviews, and maintains reports, as needed Compliance training is assigned to all Bank personnel based on their position with the Bank. Employees are required to complete all assigned training timely and in accordance with Bank policy.
Requirements
- High school diploma or GED
- A minimum of one (1) year related experience and/or training
Nice To Haves
- Some college or business school preferred, but not required
Responsibilities
- Processes all originated new and renewal non-real estate consumer from time of approval
- Assists Loan Review with review of appropriate documentation prior to loan closing
- Assembles and verifies accuracy and completeness of consumer loan documentation
- Answers telephone and written inquiries concerning consumer loan processing
- Enters data into computer for loan documentation tracking
- Prepares bills of sale, power of attorneys, and other documentation, as needed
- Assists with preparation of corrections for DMV, UCC, and other consumer filings
- Prepares legal documents for loan closings; coordinates closing appointment with lender
- Reviews closing documents for content and accuracy
- Reconciles the GL account for the consumer loans; transfers funds as appropriate
- Scans, indexes, and verifies new consumer loan documentation
- Prepares, reviews, and maintains reports, as needed
- Completes all assigned compliance training timely and in accordance with Bank policy.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
