Loan Processor - Commercial

Job Description

Job Description

Summary : Responsible for ensuring loans are processed in accordance with Federal Regulations and Bank policies. Ensures loan files are established and maintained with complete and accurate information for the purpose of processing payments and collecting fees owed to the Bank. Assists with routine customer inquiries regarding payoffs, change of ownership, note modifications, beneficiaries and other loan details.

Primary Accountabilities :

• Ensure completion of all loan processing tasks for commercial loans.
• Input information from loan applications and loan input sheets into processing system for processing documents.
• Request necessary information to assist lenders in making credit decisions on loans, including verifications, credit reports, appraisals, etc.
• Updates file as requested information is received.
• Interact with Loan Officers, customers and vendors to obtain all information necessary for processing and closing loans.
• Document renewals and modifications for all existing in house loans, including commercial and real estate loans.
• Coordinate with Loan Officers and customers for issuing closing documents. Communicates closing conditions to lenders and title companies.
• Prepare all necessary documents, funding entries, instruments, etc. for loan closing.
• Document file appropriately to facilitate completion of final documents and loan servicing.
• Perform a post-closing compliance review to ensure all documents are returned and executed correctly for the bank’s lien / interest.
• Perfects collateral, including, but not limited to, UCC filings and continuations and lien placement on vehicles.
• Resolve problems as encountered, utilizing supervisor when needed or required.
• Other duties as assigned.

Education / Experience :

Physical Demands / Work Environment : Individuals must be able to move about, stand and have manual dexterity. The work environment is generally well-lighted HVAC-controlled office. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

It is the responsibility of every Bank employee to maintain an effective BSA / AML / OFAC internal control structure, including suspicious activity monitoring and reporting. Every employee that comes in contact with a reportable transaction and / or suspicious activity should obtain the proper documentation and file the appropriate report in a timely manner. Nothing in this description restricts the Bank’s rights to assign or reassign duties and responsibilities to this job at any time.

The First National Bank of Waterloo does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.

Direct Reports : None

Benefits : All full-time and part-time employees receive vacation days based on employment status and years of service (prorated based on hired date) and are eligible to participate in the Profit Sharing and Savings Plan and Employee Stock Purchase Program.

Full-time employees are eligible to participate in the company health insurance plans, company paid life insurance, Short Term and Long Term Disability, additional voluntary plans, paid Parental Leave, paid Bereavement Leave and Tuition Reimbursement. In addition to vacation days, full-time employees will receive 48 hours of Personal Time, prorated based on hire date. Pay is based on several factors which vary, but may include labor markets, education, work experience and certifications.