Loan Processor

BANK INDEPENDENT•Muscle Shoals, AL

9d•Onsite

About The Position

The Loan Processor will be responsible for the initial setup, processing, and document preparation of in-house bank loans. The Loan Processor will possess the knowledge and skills to process both consumer and commercial non-real estate loans while adhering to applicable laws, internal credit policy and regulatory guidelines. This is NOT a remote position. This job requires 40 hours of in office team collaboration.

Requirements

High school diploma or equivalent required
Two years banking experience or bachelor’s degree in business or related field required.
Strong analytical and organizational skills.
Ability to read and understand complex entity and loan documents.
Excellent oral and written communication skills.
Excellent time management and decision-making skills.
Ability to work in a fast-paced team environment while maintaining a positive and proactive attitude.
Ability to work well with a wide range of people and be able to adapt to changing situations.
Have a working knowledge of the Microsoft Office Applications of Word, Excel, and Outlook.
Must be highly motivated, responsible, and able to work well under pressure.
Ability to learn and utilize bank software and to follow bank and department processes.
Ability to work independently and be self-motivated.

Responsibilities

Processes consumer and commercial non-real estate secured loans.
Orders any documentation necessary to complete a loan file.
Reviews required documentation as it is received to determine if it is accurate, complete and if the information provided requires any further verification or clarification.
Follows up daily on outstanding documentation to make sure that all loans are expeditiously processed.
Prepares in conjunction with Bank Independent’s Legal Counsel other legal documentation such as loan agreements, affidavits, subordination agreements, etc. as needed.
Files and coordinates the filing of titles, UCC’s, affidavits, etc., to ensure proper lien perfection.
Accurately prepares, processes and reviews loan documents prior to closing to ensure completeness and that they are compliant with applicable regulations and laws.
Maintains knowledge of all state and federal regulations.
Provides support to branch employees and other departments as needed.
Follows up on any outstanding post-closing document exceptions.
Communicates effectively and frequently with sales officer/relationship banker regarding loan status.
Performs other duties as assigned, including assisting other team members and manager as needed.