Loan Specialist

Bankstar Financial•Brookings, SD

4d•Onsite

About The Position

The Loan Specialist will be responsible for the preparation, accuracy, and review of loan documentation. This role requires strong communication skills, analytical abilities, and a passion for helping our customers achieve their financial goals. The responsibilities listed below represent an overview of the position; additional duties may be as business needs evolve.

Requirements

Demonstrates effective verbal and written communication skills.
Works collaboratively across departments and fosters strong relationships with staff, customers, and vendors.
Provides exceptional customer service.
Thrives in a collaborative environment and contributes to team success. Able to work effectively within a small team or with external partners.
Applies solid problem-solving and decision-making skills while completing tasks accurately. Prioritizes work and adapts to shifting demands with minimal supervision.
Embraces change by incorporating new ideas, processes, and procedures while maintaining a positive attitude.
Assumes responsibility for tasks, makes independent decisions, and demonstrates reliability.
Identifies problems, evaluates information for accuracy and relevance, and uses sound judgment to develop and recommend solutions.
Proficient in Microsoft Office Suite (Word, Excel, Outlook, PowerPoint) for administrative and reporting tasks.
Ability to maintain regular attendance and be punctual is required to perform the essential functions of this position.
High school diploma or equivalent required.
Minimum of 3 years of experience loan processing, or a related banking function required, or an equivalent combination of education and experience.

Nice To Haves

Associate’s degree in business, finance, or a related field preferred.

Responsibilities

Prepare and review loan documentation to ensure all required documentation steps are accurately completed and compliant with established procedures.
Process loan transactions, including advances, paydowns, and transfers, while ensuring the accuracy and timeliness of loan fund disbursements.
Administer extensions of UCCs and CREMs and verify loan data within the core banking system to maintain accurate records.
Coordinate the ordering of real estate title work, appraisals, and other supporting documentation as required.
Maintain collateral and security files, ensuring proper organization and adherence to regulatory and compliance guidelines.
Manage workflow documentation by maintaining accurate and up-to-date records of loan tickets, approvals, and disbursements within internal systems.
Provide administrative and operational support to business bankers by assisting with customer communication, correspondence, inquiries, file management, and reporting.
Remain current on industry trends, regulations, and best practices related to lending and loan servicing to support compliance and operational excellence.
Support front-line Customer Service Representative (CSR) team by participating in branch opening and closing procedures on a rotating schedule, as well as contributing to Saturday coverage to maintain consistent customer service availability.
Ensure all activities comply with federal and state regulations, including Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Equal Credit Opportunity Act (ECOA), and other applicable lending laws as needed in role.
Adhere to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Customer Identification Program (CIP) requirements as needed.
Maintain confidentiality of customer information and follow all privacy and security guidelines.
Follow internal policies, procedures, and secondary market guidelines for loan processing and documentation.