Loan Closing Processor

Stock Yards Bank & Trust•Louisville, KY

1d•Onsite

About The Position

This role assists in the documentation process for the Bank’s loan documents. The Loan Closing Processor will review closing packages, including Lease and Letters of Credit requests, and track Community Reinvestment Act Data for all loans. This position supports Commercial, Private Bankers, Small Business Bankers, and Retail Officers by collecting due diligence items on loans and assists the Loan Closing Manager with special projects as needed.

Requirements

High School Diploma or GED
Minimum of 1 year’s banking experience with Stock Yards Bank within the Commercial Loan Documentation Department
Employees are expected to represent Stock Yards Bank & Trust in a professional manner to customers and outside contacts
Must have excellent interpersonal communication skills, consisting of the ability to write and speak effectively to others
Must be a productive team player, with the ability to learn, apply training and comprehend policies and procedures
Be flexible in changing working situations and able to meet deadlines as they arise
Typing speed of 50 wpm
Familiarity with Microsoft Word / Excel
Employees should be comfortable working towards deadlines
Detail-oriented
Concentration on a team atmosphere with a high level of customer service to our lenders and their support staff
Dependability with a follow through attitude
Knowledge of HMDA, CRA, Reg O, Reg U, Articles 5 & 9 of the Uniform Commercial Code

Responsibilities

Prepares and processes all related loan documents with attention to accurately securing all types of collateral by working with Lenders and their support staff to obtain the necessary information to accurately document those loans in compliance with loan policy, credit approvals and regulatory laws
Tracks CRA and HMDA data on the Bank’s documentation software
Answer questions via telephone or email regarding proper closing procedures, due diligence, etc.
Performs a closing quality review of loans prepared by employees and other teammates within the department which indicates any missing items or errors via the use of the Bank’s Documentation Checklist. This is done with a high level of concentration on preventing and eliminating policy and regulatory documentation exceptions
Pre-closing organization of electronic loan files, vendor orders and obtaining good standing verifications from applicable Secretary of State for every business / commercial loan documented
Responsible for continuing education and training via the use of the Bank’s computer-based training classes and other classes and seminars as assigned by Department Manager
reviews legal work from attorneys for Lenders as requested and Flood Certification to ensure compliance
Performs UCC Searches
Other duties as assigned