Loan Operations Officer

First Bank Chicago•Northbrook, IL

About The Position

The Loan Operations Officer is responsible for preparing consumer and commercial loan documentation in compliance with federal and state regulations and the Bank's internal loan policy. This role involves close collaboration with retail and commercial Lenders and other Loan Operations team members to gather all necessary information for loan documentation. Key tasks include preparing loan documents using LaserPro, completing and updating compliance checklists, reviewing attorney-prepared documents both pre- and post-closing, and coordinating loan closings with title companies. The officer will also identify and review HMDA reportable loans, manage LaserPro updates, and perform various additional operational duties. These duties encompass preparing reports for the Directors Loan Committee, Board, and Senior Management, as well as handling quarterly and annual CRA and HMDA submissions to the FFIEC program. The position also requires assisting with internal and external audits, researching credit report disputes, and contributing to the development or updating of operational procedures. Regular attendance at departmental and officer meetings is also an essential part of the role.

Requirements

Detail oriented
Strong knowledge of bank regulations & compliance
Knowledge of accepted business accounting principles
Good problem-solving skills
High school diploma or GED
7 - 10 years’ banking experience
5 - 7 years loan operations experience
LaserPro proficiency required
Knowledge in all lending regulations
Continued training in loan documentation
Maintain focus for long periods of time
Ability to sit for long periods of time

Nice To Haves

College degree helpful
Microsoft proficiency
Fiserv application helpful
Paralegal helpful

Responsibilities

Prepare consumer and commercial loan documentation in compliance with both federal and state regulations and the Bank's internal loan policy
Work with retail and/or commercial Lenders as well as the Loan Operations team members to ensure all necessary information has been obtained to document both consumer and commercial loans
Prepare commercial & consumer loan documents on LaserPro
Complete compliance checklists relating to said documents
Update Pre and Post closing checklists
Review attorney prepared documents pre- and post-closing
Coordinate loan closing with title companies
Review for all HMDA reportable loans and applications
Review and maintain LaserPro updates
Prepare and/or review Directors Loan Committee & Board reports
Prepare reports for Senior Management
Quarterly update & annual submission of CRA information on FFIEC program
Annual submission of HMDA information on FFIEC program
Assist in obtaining information for internal & external audits
Research & follow departmental procedures in connection with credit report disputes
Assist in developing or updating existing operational procedures
Attend Departmental meetings relating to loan operations, commercial & retail lending
Attend Officer meetings
Other duties as assigned