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FreedomBank
Loan Support
Entry-Level JobVerifiedNo experience needed
Career Insights for Loan Processor
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Based on Iowa 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.
$41,640 / year median in Iowa
-24% projected decline
Job Description
As a 100% employee-owned community bank, we empower success in our customers, communities, and employees. We serve Northeast Iowa, Southwest Wisconsin, and Southeast Minnesota from our four locations in Elkader, Monona, Postville and Waukon. We offer competitive wages, excellent benefits, and the chance to own a portion of FreedomBank through our Employee Stock Ownership Plan (ESOP). In addition, we provide other fantastic benefits: Health, Vision, and Dental Insurance with Orthodontic Coverage Health Reimbursement Account, Funded by FreedomBank Group Term Life Insurance, Funded by FreedomBank Dependent Life Insurance Flex-Spending Accounts Critical Illness, Accident, Hospital Indemnity, Short-Term, and Long-Term Disability Insurance. Paid Vacation and Sick Leave 11 Paid Holidays Employee Stock Ownership Plan with 401k provisions We are looking for a Loan Support staff to join our team in Waukon. Requirements Generate accurate loan documents for various types of loans in a timely manner. Assist lenders with preparing for loan closings which may include ordering and obtaining required file documentation. Booking, funding and review of closed loans to ensure that they are set up and maintained accurately on the data system. Assist with post-closing duties including recording documents, scanning file documents, ordering file title work and/or filing security instruments. Process release requests for loan payoffs which may include preparation of release documents for security instruments Provide exception customer service while assisting customers with loan payment processing and/or loan related questions Maintain weekly and/or monthly loan related reports Review loan files for completeness, accuracy and compliance standards. Work as a team with other loan support staff and assist others as needed. Assist with managing escrow accounts for taxes and insurance as well as processing disbursements. Help loan staff and loan customers with questions regarding processing, underwriting, closing and payments. Perform additional duties as required.