Loan Operations Specialist

Millennium Bank • Chattanooga, TN

1d

About The Position

Millennium Bank is seeking a detail-oriented and experienced Loan Operations Specialist to support the Bank's lending activities. The role ensures loans are accurately processed, documented, closed, and serviced in accordance with Bank policies, procedures, and regulatory requirements. The position handles commercial and consumer loan transactions, including real estate and non-real estate loans, and works with lenders, branch personnel, title companies, and other partners to facilitate timely closings.

Requirements

• High school diploma or GED required.
• Working knowledge of commercial and consumer loan documentation and servicing.
• Familiarity with RESPA, TILA, and TRID requirements.
• Strong attention to detail and organizational skills.
• Excellent communication and problem-solving abilities.
• Ability to manage multiple priorities, meet deadlines, and work independently as well as part of a team.
• Commitment to accuracy, professionalism, and excellent customer service.
• All candidates must satisfy a background screening including credit history, drug screen, and criminal records.

Nice To Haves

• Five or more years of loan operations, loan processing, or related banking experience preferred.

Responsibilities

• Process commercial and consumer loans, including real estate and non-real estate transactions.
• Prepare and deliver required mortgage loan disclosures in accordance with TRID requirements.
• Review loan documentation for accuracy, completeness, and regulatory compliance.
• Coordinate appraisals, title work, flood determinations, and other closing requirements.
• Work with lenders, branch personnel, title companies, and other partners to facilitate smooth and timely loan closings.
• Enter new, renewed, and extended loans into the Bank's core system and perform loan maintenance.
• Process loan payments, payoffs, disbursements, and payment extensions.
• Monitor outstanding post-closing documentation, collateral, and insurance requirements.
• Perform UCC filings and maintain accurate loan records and ticklers.
• Research and resolve loan account issues and respond to requests from lending and branch personnel.

Benefits

• Health, dental, and vision insurance
• Company-paid Life and AD&D insurance
• Short-term and long-term disability coverage
• 401(k) with company match
• Employee Assistance Program (EAP)
• Paid time off
• Up to 11 paid holidays

What This Job Offers

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