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Valley Bank

Senior Lending Specialist

Career Insights for Loan Processor

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Based on Florida data

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What they do

A Loan Processor processes applications for bank loans including mortgage or commercial loans. Assists customers with the application process, organizes and reviews credit information or business financial reports, and puts together materials needed for loan underwriters to evaluate an application.

$42,040 / year median in Florida

-24% projected decline

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Job Description

Company:
Valley Bank Location:
Tampa, FL Career Level:
Associate Industries:
Banking, Insurance, Financial Services Description Responsibilities include, but are not limited to: Assist Team Lead by training and mentoring new or junior Lending Specialists to ensure consistency with workflow and processes. Act as the liaison and primary point of contact with internal and external customers / stakeholders from approval to deal closing, as well as being point of contact for questions, requests, and inquiries during life of loan monitoring/servicing. Manage deal flow pipeline with Relationship Managers and lead the interaction with internal downstream stakeholders to ensure timely closings. Coordinate and review closing documentation (with counsel or internal doc prep) and information with relevant stakeholders for due diligence, application processing, insurance, operational feasibility, optimal execution mechanics, and regulatory requirements. Assist with the execution and process flow of the transaction, including escalation of issues and designing solutions that ensure risks are covered through adequate controls and protections. Order items necessary to completion of files and prepare supplemental documentation when required. Partner with relevant operations teams (closing and servicing departments) to ensure proper booking, accrual reconciliations, and daily cash positions. Ensure initial loan funding (if there is a draw at close) and ongoing life of loan activity (payments, draws, payoffs, etc.) are properly processed and booked with downstream stakeholders. Carefully review loan documents for closing to ensure accuracy; close loans when necessary Communicate with Lenders any issues that arise prior to closing.