Loan Processor II
The Bank of Elk River•Elk River, MN
•$23 - $26•Onsite
About The Position
This position works within the Loan Operations Department providing support to the Bank’s loan originators and commercial administrators in document preparation, loan workflow monitoring, and life of loan process management in a variety of loan products including consumer loans, real estate loans, and commercial loans. Providing exceptional customer service to both internal and external customers is key to success in this position.
Requirements
- High school diploma or equivalent required.
- 2+ years of job-related experience required.
Nice To Haves
- Experience with loan origination platforms is preferred, particularly Jack Henry-SilverLake, Abrigo, TruStage, MeridianLink Consumer & MeridianLink Mortgage.
- SBA experience preferred but not required.
- Two year or four-year degrees preferred.
Responsibilities
- Supports Commercial Loan Administrators with core system maintenance, commercial loan document preparation, loan booking, and funding activities.
- Provides loan operations support on a variety of tasks including, but not limited to, working with participation loans, GAP remittance and bankruptcy tasks.
- Monitors collateral insurance, loan exceptions, and property taxes on current loan files.
- Prepare paid loans including satisfaction and lien releases.
- Provides customer service to support internal and external customer inquiries on payments, loan maintenance, and collateral monitoring.
- Creates non-real estate loan documents from application to loan closing and funding along with providing support to the Mortgage Loan Processor.
- Maintaining & updating departmental procedures, coordinating team projects and supporting process improvement initiatives.
- Establish, maintain, and update escrow accounts including performing escrow analysis and ensuring compliance with both regulatory and company requirements.
- Facilitates all post-closing file maintenance.
- Processes loan payments made for all customers via online banking.
- Scans loan documents into document imaging system and/or performs quality control on scanned documents.
- Regular, reliable attendance is required.
Benefits
- High-Deductible Health Plan on the 1st of the month following hire date
- Health Savings Account on the 1st of the month following hire
- Flexible Spending Accounts on the 1st of the month following hire
- Dental Insurance on the 1st of the month following hire date
- Vision Insurance on the 1st of the month following hire
- Company paid life insurance on your date of hire
- Supplemental life and AD&D insurance available on your date of hire
- Short-term disability insurance paid for by TBER
- Long-term disability insurance paid for by TBER
- Employee Assistance Program
- Well-Being program
- Long-term care insurance
- Pet Insurance
- Employee Stock Ownership Plan (ESOP) after 6 months of service
- 401(k) Safe Harbor match up to 4% on the 1st of the month after 6 months of service
- Account fees waived and discounts on loans at The Bank of Elk River
- Discounts through Wellmark Blue365, LifeMart, Carhartt, and Microsoft Office
- Gym Membership/Fitness quarterly reimbursement up to $25 each month
- Company picnic, Christmas party, and employee appreciation events
- Casual dress days
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
