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MF
MidWestOne Financial Group, Inc.
Deposit Processing Specialist
Career Insights for Loan Processor
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Based on Wisconsin 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.
$42,536 / year median in Wisconsin
-28% projected decline
Job Description
At Nicolet National Bank, our culture is based on the principles of community banking, putting the needs of our customers at the forefront of our decision-making. Our Core Values drive everything we do, and we are committed to serving our customers with excellence. We believe that every job in our organization is critical to our success, and we are dedicated to creating a work environment where our employees feel valued, respected, and supported. With locations in Wisconsin, Michigan, Minnesota, Iowa, and Florida we are proud to service our local communities and make a positive impact on the lives of our customers. At Nicolet National Bank, we believe that our people are our most valuable asset, and we are committed to investing in their growth and development. The Deposit Processing Specialist is responsible for processing and verifying items for commercial, agriculture and consumer accounts accurately and timely in a deadline driven, fast-paced environment. This position includes data entry and research as well as creative problem solving with a willingness to cross train and learn additional roles within the department. As a Deposit Processing Specialist, you will: Obtain your NCP (National Check Professional) credentials and continue your education to stay up to date on the regulations. Provide excellent customer service and professional interaction with internal customers while processes requests, questions, and issues related to all aspects of the Deposit Processing through email, phone, and chat service. Effective use of work on a computer to perform job duties and prioritize tasks in order of importance; ensuring that tasks are completed in a timely manner to meet deadlines. Maintain compliance by following bank policies and procedures. Thorough knowledge of processing duties which includes but is not limited to NSF decisions, non-posts, stop pays and cash letters procedures. Thorough knowledge of adjustments/corrections and check representments and chargeback items. Perform daily overdraft processing, stop/hold review, rejected item review within established time frames according to MACHA rules and bank processes and procedures. Review daily reports and general ledger account reconciliations. Make correction/adjustment entries as appropriate. Daily review of fraud software to identify potentially fraudulent checks. This includes communication with the frontline to educate and identify fraudulent items. Daily review of classification/indexing software to process all documents in a timely manner. Identity and suggest process improvements for daily tasks and department functions. Act as an internal resource for unusual situation/problem investigation and resolution activities associated with