Consumer Loan Processing Specialist (Administrative)

Position Purpose:
· This position is responsible for processing consumer loan requests, including ordering and reviewing all due diligence items to close, preparing closing documents for close, final review of all original documents remitted post close and final quality review of loan file for tracking loan exceptions post close.

Primary Responsibilities:
· Coordinate consumer loan closings from time loan is approved to time loan is closed.
· Review Loan Presentation approved by Credit Risk Officers or appointed designee for requirements, conditions & provisions
· Key loan request into Onboard Documentation System with no errors
· Send required disclosures for Consumer loan request
· Order Appraisals as required per approval and follow up as necessary.
· Coordinate with appraisal review group upon receipt of appraisal
· Send closing instructions to attorney.
· Review title binder for exceptions, approve settlement statement, review insurance for proper coverage.
· Ensure all information is received prior to closing and send closing documents to attorney.
· Prepare wire request and deliver to Deposit Services team to initiate.
· Receive signed documents from closing attorney.
· Review signed documents, finalize file folder and loan folder on internal network drive.
· Deliver loan package to Loan Servicing to book.

Authority, Impact, Risk:
· Loan documents prepared inaccurately can affect the legality and collectability of loans. This would result in negative audits both internal and external with potential fines from Regulators for violation of regulations
· Failure to close loans in a timely manner results in customer dissatisfaction and reflects negatively on the bank. Follow up is key to deliver exceptional customer service by the Loan Documentation Specialist
· Loan code and classification entries are critical to the bank's risk and capital calculations. Terms and conditions entries are critical to the bank's risk profile.

Key Relationships:
· Consumer Loan Processing Manager, Risk Officers, Credit Officers, Bank Lenders, and Bank Officers
· Compliance Department
· Loan Servicing Department
· Underwriters
· Attorneys
· Appraisers

Managerial Accountability:
· N/A

Working Conditions:
· Ability to work under tight deadlines
· Work in a team environment
· Strong computer skills
· Communications skills
· Ability to multitask
· Understanding of State and Federal laws governing lending
· Limited Travel

Time Allocation:
· Loan Preparation
o Key & Review loan request in Onboard….40%
o Review supporting documents…30%
· Order Appraisals and Flood Certifications…20%
· Exception Follow Ups…5%
· Loan Maintenance…5%

Job Specifications:
Position adheres to confidentiality policy, code of ethics and knowledge of Bank Secrecy Act and best practices and other pertinent Regulatory laws and regulations.

Required:
· High School Diploma or equivalent
· 3-5 years loan documentation experience with commercial and consumer loan closings
· Knowledge of early disclosures required for consumer loan transactions and all applicable regulations governing adverse action, appraisals, flood zone checks, etc.
· Detail oriented
· Able to multitask
· Self-motivated
· Positive attitude
· Ability to learn and adapt to regulatory changes and company growth
Preferred:
· Jack Henry Experience (Highly Desirable)
· Onboard Experience
· Leadership Experience

Risk Management Requirements:
Understands and adheres to Workplace Policies, Code of Conduct, privacy, and information security guidelines. Understands and adheres to Anti-Money Laundering, Bank Secrecy Act, and Compliance with the USA PATRIOT Act policies and procedures applicable to position, completing any supporting requirements within defined timeframes. Acts within authorized limits and delegated authorities and role applicable policies and procedures. Follows processes and controls to protect shareholder interests. Mitigates risk to the bank and customers by following all applicable security procedures.

Equal Opportunity Employer including Veterans/Disabilities