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LF
Liberty Federal Credit Union
Commercial Loan Processor
Entry-Level JobVerifiedNo experience needed
Career Insights for Loan Documentation Specialist
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Based on Kentucky data
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What they do
A Loan Documentation Specialist reviews applications for loans and assists with the process of evaluating loans. Prepares, organizes and verifies the documents and reports required for a loan application. Monitors the loan application and approval process and may assist customers with loan payments. May specialize in mortgage, business or other types of loans.
$46,264 / year median in Kentucky
-11% projected decline
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.