Loan Operations Specialist I
Legence Bank•Eldorado, IL
•$0 - $19•Onsite
About The Position
The Loan Operations Specialist is responsible for supporting the daily functions of the Loan Operations Department by accurately processing, scanning, and maintaining documentation for commercial loans and limited consumer loans. This position ensures the accuracy, organization, and completeness of loan files, while maintaining compliance with internal policies and regulatory requirements.
Requirements
- High school diploma or equivalent required
- Prior experience in loan operations, document management, or a financial institution environment required.
- Strong attention to detail, organization, and accuracy.
- Ability to manage multiple priorities and meet deadlines.
- Proficiency in Microsoft Office applications and familiarity with imaging and loan processing systems.
- Excellent communication and teamwork skills.
Nice To Haves
- associate degree or equivalent experience in banking, finance, or business preferred.
Responsibilities
- Scan and index new commercial loan documentation into the imaging system.
- Scan new Change in Terms agreements, miscellaneous loan documents, and exception items for recordkeeping and compliance.
- Maintain proper document labeling and filing standards to ensure easy retrieval and audit readiness.
- Perform miscellaneous paper filing as needed.
- Create and maintain shadow loans for tracking and reconciliation purposes.
- Process paid-out loans, including preparing and verifying satisfaction and release documentation.
- Review and update loan information in the core system to ensure accuracy and completeness.
- Monitor “In Review” items within the loan platform and follow up to ensure timely resolution.
- Generate and distribute weekly exception reports to loan officers for missing or outstanding documentation.
- Prepare exception reports to support the satisfaction and clearing of required items.
- Process incoming and outgoing mail related to loan operations.
- Handle general administrative tasks within the department as assigned.
- Provide support to loan officers and other departments as needed to ensure smooth operational flow.
Benefits
- A workplace built on respect, integrity, and balance
- Medical, Dental, Vision Insurance coverage options
- 401(k) Plan + Company Match
- Competitive Pay starting at $19/hr
- Career growth and opportunities for promotions
- Paid Time Off, Holiday Pay, and Sick Time
- Training for Professional and Career Development
- Generous parental leave
- Potential for annual performance bonus
- Potential referral incentives
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
