Consumer Loan Processor – 3806 Position Available In Madison, Mississippi
Tallo's Job Summary: Consumer Loan Processor - 3806 is responsible for preparing and processing loans efficiently, from application to close. This role includes tasks such as preparing loan documents, disbursing proceeds, and ensuring legal compliance. The ideal candidate will have an Associate's degree in accounting or business, with preferred experience in loan processing or related fields.
Job Description
- JOB
DESCRIPTION
- SUMMARY
- Consumer Loan Processor will prepare and process loans from application through close in a timely and efficient manner.
Prepare consumer compliance disclosures, loan closing documents, disburse proceeds, complete file documentation and follow-up, and ensure procedures are followed to deliver loans with accurate and compliant legal documentation. Processes consumer loans from simple to complex loan packages.
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RESPONSIBILITIES/DUTIES
- Prepare Closing Disclosure and balance with closing attorney
- Prepare notes, lien instruments, and other general loan documents that represent what is outlined in the credit desk approval
- Complete accurate checks and other accounting related forms for proper funding
- Accurate data entry of PD/LGD/Collateral Values and other data to result in a loan booking that represents what is outlined in the credit desk approval
- Prior to loan closing, confirm loan conditions outlined in the credit desk approval are met and filed
- Consult and confirm with Lenders, Analysts, and other involved parties (management, attorney’s, etc.) to confirm loan actions are completed accurately
- Confirm collateral is properly identified and secured with the loan documents; which includes quality review of signatures, dates, and initials, and completing necessary follow up to have errors or omissions corrected accurately and timely
- Review of new or existing collateral documents to ensure and/or verify correct lien position. Communicate with loan staff to confirm accuracy of lien documents and address any discrepancies
- Prepare early disclosures, change of circumstance, and other general loan documents that represent what is outlined in the credit desk approval
- File all related documents timely, accurately, and consistently to ensure easy reference in the future by all staff
- Quality checking all of your work to ensure compliance and accuracy; maintaining satisfactory audit and quality control review results.
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REQUIRED EXPERIENCE
- Associate’s degree or equivalent experience in accounting or business.
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PREFERRED EXPERIENCE
- Generally, five to ten or more years of experience.
Loan processing and documentation experience preferred or training/experience in banking, finance or legal industries.
