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LF
Liberty Federal Credit Union
Commercial Loan Processor
Job Description
Commercial Loan Processor Liberty Federal Credit Union - 3.5 Evansville, IN Job Details Full-time 12 hours ago Benefits Paid holidays Disability insurance Health insurance Dental insurance Tuition reimbursement Paid time off Vision insurance 401(k) matching Life insurance Qualifications Computer operation Productivity software Full Job Description Liberty FCU, a full-service credit union, is seeking a Commercial Loan Processor . This position could be located at 4401 Theater Drive, Evansville, IN. The ideal candidate for this position must provide exceptional service to ensure a seamless loan process. This role will provide administrative support to commercial lending staff, interact with clients and third-party vendors, and ensure accurate and timely commercial loan documentation. If interested, please proceed by clicking Apply. Duties and responsibilities include but are not limited to the following: Process all loans as assigned, including the most complex files. Responsible for clearing conditions and issuing changes to the terms on previously approved loans. Responsible for verifying conditions of approval which may include, but not limited to client income/assets documentation, resolve routine title issues including, but not limited to the following: vesting issues, child support liens, judgment liens, mechanic liens and undisclosed lien reconveyances. Analyze, understand, and interpret loan policy and apply to loan requests. Evaluate loan documentation and clear conditions as per delegated authority. Ensure accurate, complete, and timely loan data on processing system. Obtain credit reports, flood determination reports, title examinations and appraisal information. Communicate with attorneys in preparation of documents. Review all prepared documents for accuracy prior to loan closing. Ensure all documentation is regulator compliant (i.e. Reg B, HMDA, Flood Certifications, etc.) Ensure that all documents have proper signatures, dates, disclosures, and other relevant data. Work closely with other members of department to ensure exceptional service is provided to client base. Ensure loans are booked correctly and collateral is forwarded to appropriate department. Perform research needed to resolve client problems in a timely manner. Serve as backup to other documentation specialists.
Desired Skills and Qualifications:
Detailed knowledge of processing, underwriting, and closing procedures. In-depth knowledge of credit union's policies and procedures, lending procedures and credit policies. In-depth understanding of computer loan system. Proven computer skills. Develop and maintain an understanding of credit union history, philosophy, organization, bylaws, and operational procedures. Knowledge of federal lending regulations. Ability to analyze policies, procedures and guidelines in a way that maximizes productivity but protects the level of risk desired. Must be able to establish productive business interpersonal relationships with others inside and outside the organization and to work with little direct supervision in carrying out the responsibilities assigned. Must have working knowledge of Microsoft Office products and Internet Explorer. Must have flexibility in working schedule; may be required to work weekends and/or extended hours. Reliable attendance is critical. Ability to operate standard business equipment: fax, copiers, printers, calculators, computers, etc. Ability to present professional image. Ability to handle sensitive documents or other confidential information. Ability to work well under pressure. Ability to perform multiple job functions and tasks with minimum supervision. Ability to communicate and work well with all levels of employees, officers, and directors. Must have attention to detail, and ability to meet deadlines and deal tactfully with clients (internal and external). College degree preferred, with a demonstrated mastery of loan processing principles: however, a combination of experience and education may be substituted for degree requirements. Experience and overall understanding of loan systems and various related host systems.Physical Requirements:
Normal office environment with little exposure to dust, noise and temperature. Sitting for long periods. Standing, bending, and lifting up to 20 pounds. Extended viewing of computer screen. Occasional travel to branch offices, seminars, and various training courses may be required. Benefits and Compensation Paid Holidays Paid Time Off (Vacation, Sick and Personal Days) Medical, Dental and Vision Insurance 401(k) retirement program with matching funds Employer paid Group Term Life Insurance, Short Term and Long-Term Disability Insurance Tuition Reimbursement Program Liberty FCU is an Equal Opportunity Employer, Minority/Female/Disability/Protected Veteran.Career Insights for Loan Processor
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Based on Indiana 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.
$44,288 / year median in Indiana
-27% projected decline