Loan Administration Processor

Loan Administration Processor

Position Summary:

This position reports to the Loan Administration Manager and is responsible for reviewing loan papers to ensure completeness and is responsible for the functions required to complete transactions between the loan establishment and borrowers for commercial and real estate loans.

Essential Functions:

• Verify and examine information and accuracy of loan application.
• Prepare loan documents within Laser Pro.
• Board loans into the core system.
• Prepare loan file to be scanned.
• Works on correcting exceptions found in loan files.
• Uses independent judgment and decision making in carrying out the essential functions of the position.
• Release collateral, cancel mortgages in full or partial and mail paid notes.
• Conduct UCC searches and file UCC Statements.
• Responsible for HMDA and HOEPA.
• Type and book letters of credit.
• Title work for DMV.
• Orders title work from attorney's office or title companies.
• Request flood certificates.
• May have the authority to sign official checks.
• All other duties assigned.

Skills and Abilities:

• Reading Comprehension - Understanding written sentences and paragraphs in work- related documents.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Time Management - Managing one's own time.
• Speaking - Talking to others to convey information effectively.
• Mathematics - Using mathematics to solve problems.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Regulations - A full understanding and knowledge of TRID, HOEPA, HMDA, Reg B and Reg Z.

Competencies:

• Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
• Written Comprehension - The ability to read and understand information and ideas presented in writing.
• Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
• Speech Clarity - The ability to speak clearly so others can understand you.
• Speech Recognition - The ability to identify and understand the speech of another person.
• Written Expression - The ability to communicate information and ideas in writing so others will understand.

Experience and Education:

Associate's Degree (or other 2-year degree) and/ or equivalent loan administration experience. Five years of experience in consumer and commercial loan processing preferred. Experience in Laser-Pro preferred.

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