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FARMERS BANK & TRUST COMPANY OF MAGNOLIA

Pre-Funding Specialist

Pay: Not specified

Posted: 8 weeks ago

Location: Texarkana, TX (Onsite)

Last Updated: 4 days ago

Hours: Full-Time

Expires: 10/11/2026

Career Insights for Loan Processor

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Based on Texas 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.

$43,957 / year median in Texas

-6% projected decline

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Job Description

GENERAL DESCRIPTION OF POSITION

Responsible for preparing and verifying loan documents before funding, ensuring accuracy, compliance, and timely disbursement.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Review loan documents for completeness and accuracy. Verify borrowers' information, incomes, assets, and employment. Confirm underwriting conditions have been met. Identify and resolve documentation discrepancies before closing or funding. Approve loans for funding once all requirements are met. Responsible for training new Loan Assistants on all duties. Responsible for training on LoanVantage for new Loan Officers and Loan Assistants.

EDUCATION AND EXPERIENCE

High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc.

EXPERIENCE GENERAL 5

years related experience and/or training