Loan Closing Processor

Stock Yards Bank & Trust•Louisville, KY

About The Position

The Loan Closing Processor assists with preparing and reviewing the Bank’s loan documentation, including closing packages, lease requests, and letters of credit. The role supports lenders and their staff in obtaining due diligence items and documenting loans accurately in accordance with loan policy, credit approvals, and regulatory requirements. It also tracks CRA and HMDA data, performs closing quality reviews, organizes electronic loan files, and assists the Loan Closing Manager with special projects. The position works primarily in an office environment using a computer and various programs. It requires attention to detail, effective communication, teamwork, flexibility, and the ability to meet deadlines. The role is non-exempt, and the stated hours of operation are Monday through Friday, 8:00 a.m. to 5:00 p.m.

Requirements

High school diploma or GED.
At least 1 year of banking experience with Stock Yards Bank within the Commercial Loan Documentation Department.
Typing speed of 50 words per minute.
Familiarity with Microsoft Word and Excel.
Knowledge of HMDA, CRA, Regulation O, Regulation U, and Articles 5 and 9 of the Uniform Commercial Code.
Excellent interpersonal communication skills, including effective written and spoken communication.
Ability to work productively as part of a team, learn and apply training, and understand policies and procedures.
Flexibility in changing work situations and ability to meet deadlines.
Detail-oriented and comfortable working toward deadlines.
Customer-service focus when working with lenders and their support staff.
Dependability and a follow-through attitude.
Professional manner when representing the Bank to customers and outside contacts.

Responsibilities

Prepare and process loan documents, working with lenders and their support staff to obtain information and accurately document loans in compliance with loan policy, credit approvals, and regulatory laws.
Track CRA and HMDA data using the Bank’s documentation software.
Answer questions by telephone or email about closing procedures and due diligence.
Review loan closings prepared by department employees and teammates using the Bank’s Documentation Checklist, identifying missing items and errors and helping prevent policy and regulatory documentation exceptions.
Organize electronic loan files before closing, place vendor orders, and obtain good-standing verifications from applicable Secretaries of State for business and commercial loans.
Complete continuing education and training through computer-based courses and other classes or seminars as assigned by the Department Manager.
Review attorneys’ legal work for lenders as requested and review Flood Certifications for compliance.
Perform UCC searches.
Assist the Loan Closing Manager with special projects as needed.
Perform other duties as assigned.
Support the Bank’s mission, vision, and philosophy; comply with organizational policies and procedures; and support functions that maintain regulatory compliance.