Residential Loan Processor II

Forcht Bank•Lexington, KY

11d•Onsite

About The Position

The Residential Loan Processor II is responsible for assisting internal customers by preparing early disclosures, reviewing residential loan files in preparation for underwriting, preparing residential closing packages, and assisting in loading the closed loan to the core system. The Residential Loan Processor II is also responsible for ensuring residential loan files meet regulatory and bank policy guidelines.

Requirements

Thorough knowledge of various portfolio residential loan products, policies, procedures and lending regulations
Ability to read, interpret industry information such as customer financial statements, credit reports, and tax returns.
Broad knowledge of applicable federal and state banking regulations
Ability to deal effectively and tactfully with loan officers, other support staff and third party vendors
Ability to work independently and to carry out assignments to completion within the parameters of instruction given and standard accepted practices
Ability to deal effectively and tactfully with loan officers
Ability to communicate orally with others to convey information effectively
Strong attention to detail
Ability to handle sensitive documents and other confidential information
Proficient in the use of Microsoft Office products including Microsoft Excel and Microsoft Word, Bank information systems, and Internet research.
Ability to effectively present information to management and internal loan committees in verbal and written format.
Ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
Ability to give full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times
Ability to work with a team and members of other departments of known concepts.
Ability to work with mathematical concepts such as ratio and trend analysis.
Ability to define and solve problems with a variety of variables.

Responsibilities

Prepare early disclosures in accordance with timing requirements outlined in regulatory guidelines
Work directly with third-party vendors to place orders for appraisals, title work, flood determinations, tax transcripts, and verifications of employment
Review residential files to ensure all necessary documentation needed for underwriting and closing has been obtained
Work with loan officers and other loan personnel to ensure all conditions for closing have been cleared
Correspond with third parties such as attorneys and insurance agencies to schedule closings and to obtain documentation needed to ensure the Bank obtains a valid lien on the collateral.
Prepare and review closing packages for all residential loan types
Scan/Upload loan documentation to imaging system and interface to the core system
Assist in the clearing of trailing and critical documentation exceptions
Review accounting reports to ensure items are cleared in a timely manner
Aid in questions from other bank staff
Serve as a back-up to the Residential Processor I as needed