LOAN PROCESSING SPECIALIST

Malvern National Bank (MNB)•Malvern, AR

49d

About The Position

Under general supervision and guidance of the Loan Processing Supervisor, the Loan Processing Specialist provides clerical services and related duties specific to and supportive of the lending staff at Malvern National Bank, enabling officers to effectively generate quality loans for the bank and ensure all required documentation is received and closing/renewal forms are prepared timely to fund, close and/or renew each loan. The incumbent will provide exceptional support to loan officers and loan assistants insuring compliance with internal policies, procedures, and legal requirements; Work is highly confidential in nature and involves the skilled use of a computer.

Requirements

High school diploma or GED required
Bachelor's Degree in a business field; or four (4) years related work experience/training in business field (e.g. accounting, finance, management, real estate, insurance, etc.) required
Minimum one (1) year of experience working with loan documents and regulations preferred
Exhibit ability to effectively support Supervision
Compose or create loan documents and correspondence
Successfully manage assigned tasks independently while meeting time constraints
Communicate effectively (both oral and written)
Multi-task and rotate job tasks with seamless flexibility
Exhibit strong analytic skills while organizing information
Read, understand and comply with documents (e.g. policy manuals, laws, regulations, internal procedures and controls, etc.) and exercise independent judgement, initiative, and discretion based on knowledge of such in performing daily activities
Foster an atmosphere of teamwork and enthusiasm
Exercise trustworthy service, courtesy, tact and diplomacy in dealing with others
Provide transportation to attend required training/meetings at designated locations within the bank as required
Proficiently type on a keyboard
Efficiently use standard office equipment (i.e. desktop/laptop computer and software, copier, scanners, printers, fax, 10-key calculator, multi-line telephone system, etc.)
Proficiently use MS Office applications (Word, Excel) and Google search engine
Exhibit general knowledge of commercial bank computer applications
This position requires manual dexterity; to regularly sit, use hands to finger, key data, handle or feel; to reach with hands and arms; to talk and hear; the employee must occasionally stand, walk, bend, stoop, or kneel.
The employee may regularly be required to lift and/or move up to 10 lbs.; occasionally lift and/or move up to 20 lbs.
Specific vision abilities required by this job include focus and close vision.

Nice To Haves

Knowledge and understanding of TRID rules, implementation, and compliance for real estate loans a PLUS!

Responsibilities

Process commercial, consumer, and real estate loan underwriting documentation in compliance with regulatory and loan policy guidelines
Determine the entity of the borrower (e.g. sole proprietorship, partnership, LLC, corporation, etc.) and verify that appropriate documentation is obtained for file based upon entity type
Obtain information from Officer to prepare Borrowing Resolution stating who is authorized to sign for the entity
Prepare documents, closing instructions, key sheets, and wire instructions. Coordinate loan closings with the officers, customers, and closing agents
Review completed, signed loan documentation and organize file. Ensure all required documentation is in file
Obtain copies of any required waivers that have been approved by officers on documentation exceptions
Work closely with in-house legal counsel for preparation and review of specialized forms and loan agreements required for loan closings
Prepare data/code sheet for loan administration to upload loan into the system
Prepare checklist for records administration listing all documents required to properly complete loan file, including collateral tracking, purpose of loan, terms, loan covenant tracking and any outstanding mortgages
Collect information required to be reported under the Home Mortgage Disclosure Act (HMDA) on purchase, refinance, or property improvement loans for residential property
Scan new loan/credit file information into the imaging system
Consistently deliver phenomenal customer service through aggressive friendliness accompanied by honest, positive and confident behaviors (in-house and on the phone)
Maintain utmost confidentiality
Perform any other related duties as may be required or assigned
Champion the MNB mission statement with pride and enthusiasm
Perform all aspects of your position with a coachable spirit
Support all other team members, providing assistance and encouragement to ensure service is delivered in the most efficient and effective manner
Collaborate in the sharing of new ideas that will drive the organization’s bottom line
Participate in volunteer opportunities surrounding the bank
Exhibit professionalism at all times