Loan Processor - Consumer and Commercial

Loan Processor - Consumer and Commercial

Location: Clayton, MO

Department: Loan Administration

Job Type: Full time, In Person

FLSA Status: Non-Exempt

Reports to: Executive Managing Director

Salary Range: $50,000 - $65,000 based on experience, with potential for bonus based on performance and production individually and across the organization.

The Loan Processor is a key member of the lending team, responsible for managing the loan process from application to closing. This role ensures the accurate and efficient handling of consumer, commercial, mortgage, and SBA loans, maintaining compliance with all regulatory requirements and internal policies. The Loan Processor coordinates with various internal and external parties to facilitate a smooth and timely closing process.

• Manages the entire loan processing workflow for a variety of loan types, including consumer, commercial, mortgage, and SBA loans.
• Prepares and organizes all necessary closing documents, ensuring accuracy and completeness prior to loan closing.
• Balances closing figures with title companies and other third-party vendors to ensure a seamless and compliant closing process.
• Coordinates with and schedules mobile notaries as necessary to execute closing documents with borrowers.
• Manages the funding process for all loans, ensuring that funds are disbursed correctly and in a timely manner.
• Boards completed loans onto the bank's core processing system, verifying that all data is accurately entered for ongoing management.
• Establishes and manages ongoing ticklers and exception tracking for each loan and maintains the physical and electronic loan files for the life of the loan.
• Proficient in consumer lending, construction lending, mortgage (TRID) lending, and unique collateral perfection, attorney prepared documentation and work out transactions as applicable.
• Other tasks as assigned by management.

• Enthusiastic about working on a team that values accuracy, efficiency, and customer service.
• A detail-oriented multitasker with exceptional organizational skills and the ability to meet deadlines.
• An excellent communicator who can build rapport with clients and team members.
• Has a proactive problem-solving attitude, professionalism and effective communication skills.

• High School education or GED equivalent.
• 1-3 years of experience required in examining/preparing collateral documentation.
• Experience using a documentation preparation system (preferably Laser Pro).
• Knowledge of various collateral types including ‘perfection’ requirements.
• Knowledge of legal contracts, the Uniform Commercial Code, regulations governed by the Federal Reserve System, and regulations imposed by state and local governing authorities.
• Able to prioritize workflow and handle shifting priorities.
• Excellent written and verbal communication skills.
• Detail oriented, well organized and demonstrates flexibility, versatility and good judgement.