Loan Processing Specialist
About The Position
A Loan Processing Specialist supports the end-to-end lending process from application to origination to servicing. Ensures adherence to compliance and regulatory driven requirements, deadlines and procedures throughout the life of various lending products offered by Bank Iowa. This position will be responsible for providing an accurate, efficient and consistent flow of information between relationship managers and operational teams ensuring that agreed upon service level agreements are maintained. In addition, this role will be particularly focused on maintaining complete loan files in Bank Iowa’s electronic document warehouse. Provides a friendly, quality internal and external client experience and treats internal and external clients with respect and dignity at all times. Prioritizes the creation and on-going maintenance of accurate and comprehensive loan files in OnBase that adhere to bank loan file standards in a timely manner. Collects loan applicant financial data, organizational and background information to assist Relationship Managers in determining the general credit worthiness of the prospect and the specific merits of the loan request. Coordinates the handoff of client and loan information between Relationship Managers, Loan Doc Prep and Loan Servicing/Ops teams. Assembles and reviews loan closing packages to ensure loan terms are accurate, format is consistent with bank practice, documentation and information are complete, and notifications and deadlines are met. Works with relationship management team to ensure pre & post loan close checklists are followed and reviewed in a timely manner.
Requirements
- High School Diploma/G.E.D.
- At least one-year previous work experience in a professional office environment preferred.
- Proficiency in the use of LaserPro & OnBase or similar solutions preferred.
Responsibilities
- Prioritizes the creation and on-going maintenance of accurate and comprehensive loan files in OnBase that adhere to bank loan file standards in a timely manner.
- Collects loan applicant financial data, organizational and background information to assist Relationship Managers in determining the general credit worthiness of the prospect and the specific merits of the loan request.
- Coordinates the handoff of client and loan information between Relationship Managers, Loan Doc Prep and Loan Servicing/Ops teams.
- Assembles and reviews loan closing packages to ensure loan terms are accurate, format is consistent with bank practice, documentation and information are complete, and notifications and deadlines are met.
- Works with relationship management team to ensure pre & post loan close checklists are followed and reviewed in a timely manner.
Benefits
- bonus opportunity
- 401k match
- discretionary profit sharing
- health, dental and vision insurance
- wellness program
- generous PTO bank
- 11 paid observed holidays
- 100% paid parental leave
- opportunity for sabbatical leave
- generous bereavement
- employee assistance program
- tuition reimbursement program
- paid volunteer time off (VTO)
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
