What are the responsibilities and job description for the Central Loan Processor position at HomeTown Bank?
Central Loan Processor - Shakopee, MN
HomeTown Bank, a 10-time Star Tribune Top Workplace, is now hiring a full-time Central Loan Processor at their Shakopee location!
A Central Loan Processor provides support to lenders by assisting with drafting loan documents, managing escrow accounts, and reviewing loans for quality assurance. Support bank by completing all duties in compliance with federal, state, and local laws and regulations while maintaining high quality, accuracy, and completeness.
Essential Duties and Responsibilities including but not limited to:
- Supporting new loan files from application to loan funding
- Assist with servicing and maintaining current bank loan portfolio
- Escrow loan payment support
- Generate and maintain reports
- Coordinates and communicates with branches throughout loan process
- Follow bank security procedures and maintain confidentiality
- Actively contribute as a part of the team in meetings
- Community involvement
- Other duties as assigned
- Assist lenders with preparing loan documentation for all new loans and modifications, while maintaining accuracy, compliance and TRID timing.
- Manage escrow accounts through analysis statements, disbursements, and tax services for real estate loans
- Review appropriate boarding and maintenance of loans for quality assurance
- Efficiently and accurately problem solve issues, including but not limited to bank inquires, transaction discrepancies, and technical difficulties
Expectations:
- Experience with Calyx/Point, Compliance One Lending, and Encompass LOS software is helpful but not required
- Learn bank operating systems
- Proficiency in Microsoft Office (Excel, Word, Outlook)
- Read and interpret documentation—such as procedures, credit guidelines and bank policies
- Ability to accommodate an everchanging work pace
- Having a customer service mindset
- Ability and willingness to cross-train in other areas within the bank
- Review multiple types of loans (Commercial, Consumer, Secondary Market, etc.)
- Follow employment guidelines outlined in the Employee Handbook
At HomeTown Bank, our vision and purpose are to be the bank customers love and to inspire happiness through experience, talent, and community. If you like to have fun and are interested in joining our HTB family, please reach out today!
Job Type: Full-time
Pay: $41,600.00 - $46,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Referral program
Ability to Relocate:
- Shakopee, MN 55379: Relocate before starting work (Required)
Work Location: In person
Salary : $41,600 - $46,000