Loan Processor

CENTRAL BANCOMPANY, INC.•Columbia, MO

About The Position

The Loan Processor is responsible for accurately and promptly completing new loan documents in accordance with the Bank’s internal lending policy, state and federal lending regulations, and borrower requests as negotiated by the Loan Officer. The role prefunds, processes, and checks new loans and reviews extensions and modifications to existing loans for compliance with internal and external controls and for the accuracy of supporting documentation and completed loan products. The position requires developing and maintaining proficiency in Laser Pro processing software and the AccuAccount imaging system, along with working knowledge of loan systems, applicable federal regulations, and state statutes. The Loan Processor coordinates with Loan Assistants, Loan Officers, other processors, and other employees to process requests, review completed work, and provide excellent service to internal and external customers. Work is subject to review and assignment by Credit Administration Management.

Requirements

Proficiency with Laser Pro processing software and AccuAccount imaging software, with the ability to obtain and maintain specialized knowledge of both.
Working knowledge of loan systems and their functionalities sufficient to support new loan, extension, and modification requests.
Working knowledge of federal regulations and state statutes affecting lending.
Excellent written and oral communication skills.
Ability to work well with minimal supervision.
High attention to detail.
Ability to work effectively under challenging circumstances, including short deadlines and last-minute requests or changes.
Proficiency with banking programs, Microsoft Office, and the Internet.
Ability to operate a PC, multi-line telephone, Canon desktop scanner, and Sharp multifunction device (print/copy/fax/scan).

Responsibilities

Ensure new loans, extensions, and modifications are completed accurately and by established deadlines.
Review requests and supporting documentation, determine the appropriate loan product, and assess compliance with regulatory requirements and applicable guidelines.
Work directly with Loan Assistants and Loan Officers regarding loan requests.
Enter loan information accurately and promptly into documentation software to prepare loan documents.
Prefund, process, and check new loans; review extensions and modifications of existing loans.
Perform post-processing reviews of loans completed by other processors to verify accuracy and completeness.
Forward completed work to the originating Loan Assistant or Loan Officer for final review after approval.
Comply with applicable banking regulations, including the Bank Secrecy Act and information security initiatives.
Maintain effective communication with Loan Processors, Loan Assistants, and Loan Officers.
Collaborate with employees and officers to provide excellent customer service to internal and external customers, and offer alternatives where appropriate to solve problems or achieve goals.
Perform other duties as assigned and reviewed by Credit Administration Management.