Loan Closing Processor

Stock Yards Bank & Trust • Louisville, KY

3d • Onsite

About The Position

The Loan Closing Processor assists with the Bank’s loan documentation process, including reviewing closing packages for loans, leases, and letters of credit. The role tracks Community Reinvestment Act (CRA) data and supports Commercial, Private Bank, Small Business, and Retail officers and their staff in obtaining and completing loan due diligence. The position also assists the Loan Closing Manager with special projects as needed.

The processor prepares and processes loan documents, reviews closing quality, organizes electronic loan files before closing, and helps ensure documentation complies with loan policy, credit approvals, and regulatory requirements. The role works in an office setting using a computer and various programs, with occasional visits to other areas within the Bank. 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 one year of banking experience with Stock Yards Bank within the Commercial Loan Documentation Department.
• Excellent interpersonal communication skills, including effective written and verbal communication.
• Ability to work productively as a team member, learn and apply training, and understand policies and procedures.
• Flexibility in changing work situations and ability to meet deadlines.
• Typing speed of 50 words per minute.
• Familiarity with Microsoft Word and Excel.
• Detail-oriented, dependable, and able to follow through while working toward deadlines.
• Ability to provide a high level of customer service to lenders and their support staff.
• Knowledge of HMDA, CRA, Regulation O, Regulation U, and Articles 5 and 9 of the Uniform Commercial Code.
• Ability to perform the described physical demands, with reasonable accommodations where applicable.

Responsibilities

• Prepare and process loan documents, accurately securing collateral and coordinating with lenders and support staff to obtain required information.
• Track CRA and HMDA data using the Bank’s documentation software.
• Answer questions by telephone or email about closing procedures, due diligence, and related matters.
• Conduct closing quality reviews of loan packages prepared by department employees and teammates, identifying missing items or errors using the Bank’s Documentation Checklist and helping prevent policy and regulatory documentation exceptions.
• Organize electronic loan files before closing, place vendor orders, and obtain applicable Secretary of State good-standing verifications for business and commercial loans.
• Complete continuing education and training through computer-based classes and other classes or seminars assigned by the Department Manager.
• Review attorneys’ legal work for lenders when requested and review Flood Certification for compliance.
• Perform UCC searches.
• Assist the Loan Closing Manager with special projects and 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.

Benefits

• 401(k) with company match of up to 6%.
• ESOP employer match.
• Medical insurance.
• Dental insurance.
• Vision insurance.
• Cancer/disease insurance.
• Accident insurance.
• Flexible Spending Accounts.
• Flexible Savings Accounts.
• Health Savings Accounts.
• Bank-paid Life/AD&D insurance.
• Voluntary Life/AD&D insurance.
• Bank-paid short-term and long-term disability insurance.
• Employee Stock Purchase Plan.
• Employee Assistance Program.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED