What are the responsibilities and job description for the Loan Processor position at HOMETOWN BANK NA?
JOB DESCRIPTION: Loan Processor
Summary/Objective: The Loan Processor will be responsible for preparing all loan documentation for new and renewal loans for the Loan Officers on the Mainland. Additionally, she/he will serve as back-up for the Galveston processor and type loans for the Galveston Loan Officers in her absence. The loan processor will also be responsible for daily balancing of the loan general ledger accounts and some check-back duties.
Job Duties & Responsibilities
Loan Processing:
- Perform all pre-closing loan duties and prepare all loan closing documentation for new and renewal Consumer/Commercial loans. This requires proficiency in the loan documentation program (ARTA), appropriate lending regulations, reading and comprehension of corporate documents and other contracts as applicable as well as following all Bank policies and procedures.
- Ensure proper documentation to perfect security interest on secured consumer and commercial loans i.e., UCC searches, Stock assignments, Title work lien perfection, landlord’s waivers, CD/savings assignment of account.
- Ensure all loan compliance regulations are followed when preparing loan documentation, including but not limited to CIP, Reg Z, Reg B, MLA, FACTA, and Privacy
- Work with Loan Officers to ensure loan policy compliance, proper loan documentation and lien perfection.
- Review loan documents and prepare packages for loan closings.
- Close loans as requested.
- Provide payoff quotes for loans as requested.
- Balance Loan GL accounts daily and make corrections as necessary.
- Perform daily check-back duties as assigned.
- Answer phone inquiries and assist loan customers as required.
- Prepare Denials and Withdrawn Notices for Mainland Loan Officers – to be trained at a later date.
- Responsible for ensuring the Code of Ethics are being followed.
- Responsible for reporting any Code of Ethics/ Internal fraud violations.
- Other duties as assigned.
Credit duties:
- Set-up Financial statement tracking on all loans as applicable.
- Save/scan incoming financial statements in system, update monitoring.
- Prepare Quarterly exception report of Financial Statement exceptions for Board – to be trained at a later date.
- Assist supervisor with annual Financial Statement risk-based tracking waiver.
Work Environment/Location:
This position is in the Loan Operations Office in League City and in Galveston up to 4 weeks (24 days) per year. The setting is in an office and uses standard office equipment.
Physical Demand
The work is generally sedentary in an office environment. Maximum lifting weight approximately 20 lbs.
Expected Hours of Work
This is a full-time position. Days and hours of work are Monday through Friday, 8:30 am to 5 pm and scheduled Saturdays 8:30 am to 12:00 pm
Travel
Some travel is expected with this position to attend meetings, training in Friendswood. Additional travel is anticipated to back-up the Galveston Lending assistant.
Education and Experience Requirements
Associates degree in business or equivalent experience of 5 years Banking experience, Loan operations experience preferred.
Classification: Non-Exempt
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
EOE/ AAP Disability/Veterans