Loan Processor I

BANK OF BARTLETT•Memphis, TN

About The Position

Role: To assist customers with their loan applications; process and make loan disbursements. Essential Functions & Responsibilities: Reviews residential loan application files to verify that application data is complete and meets bank standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment; recommends that loans not meeting standards be denied. Calls or writes credit bureau and employer to verify accuracy of information. Calls specified companies to obtain property abstract, survey, and appraisal; informs supervisor of discrepancies in title or survey. Types loan application forms; submits mortgage loan application files for underwriting approval. Prepares and mails approval and denial letters to applicants. Records data on status of loans, including number of new applications and loans approved, canceled, or denied. Performs other related duties as assigned. Performance Measurements: 1. To produce loan documents, reports, and new accounts in a timely fashion, with zero errors. 2. To prepare file for underwriting. 3. Organize and complete customer loan files. 4. To cross sell bank products and services. 5. To maintain a professional work environment and businesslike appearance. 6. To maintain working knowledge of all mortgage products and rates, from the industry overall. 7. To maintain the confidentiality of all information as directed in banking procedures. 8. Maintain appropriate attendance and punctuality. 9. To comply with all state and federal regulations that are applicable to their specific job duties. 10. To complete all assigned training within the allotted time frame. 11. Each position within the Company shares in the cross-selling of the Company's products and services. QualificationsKnowledge and Skills: Experience Three years to five years of similar or related experience. Education: (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program. Interpersonal Skills: Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication. Other Skills: Must have good communication skills. Ten key calculator, typewriter and keyboard skills. This job description does not constitute an employment agreement between the employer and employee. The job description is subject to change by the employer as the needs of the employer and requirements of the job change.

Requirements

Three years to five years of similar or related experience
A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program
Must have good communication skills
Ten key calculator, typewriter and keyboard skills

Responsibilities

Assist customers with their loan applications
Process and make loan disbursements
Reviews residential loan application files to verify that application data is complete and meets bank standards
Recommends that loans not meeting standards be denied
Calls or writes credit bureau and employer to verify accuracy of information
Calls specified companies to obtain property abstract, survey, and appraisal
Informs supervisor of discrepancies in title or survey
Types loan application forms
Submits mortgage loan application files for underwriting approval
Prepares and mails approval and denial letters to applicants
Records data on status of loans, including number of new applications and loans approved, canceled, or denied
Performs other related duties as assigned
To produce loan documents, reports, and new accounts in a timely fashion, with zero errors
To prepare file for underwriting
Organize and complete customer loan files
To cross sell bank products and services
To maintain a professional work environment and businesslike appearance
To maintain working knowledge of all mortgage products and rates, from the industry overall
To maintain the confidentiality of all information as directed in banking procedures
Maintain appropriate attendance and punctuality
To comply with all state and federal regulations that are applicable to their specific job duties
To complete all assigned training within the allotted time frame
Each position within the Company shares in the cross-selling of the Company's products and services