Loan Processor - Myrtle

Job Details

• Location:
  
  Towne Centre – Myrtle Beach, SC 29579
• Position Type:
  Full Time
• Travel Percentage:
  None
• Shift: Day
• Category:
  Admin – Clerical

Processes consumer and commercial loan files in accordance with bank guidelines. Receives and reviews loan applications and related paperwork for completeness and accuracy and works with the appropriate party to obtain required information to process the loan and get it prepared for closing.

• Review consumer and commercial application submissions for accuracy and communicate with lenders about missing or incomplete documentation needed to process applications.
• Work with loan officers, legal professionals, insurance agents and borrowers to address issues, obtain required information and documentation as necessary to facilitate loan closings.
• Obtain and review copies of all agreements necessary in conjunction with various loan transactions, including title work, insurance, etc., and address any issues that arise.
• Ensure applications are reviewed for HMDA reporting and compile HMDA data if applicable.
• Assign loan numbers/add to Credit Leader.
• Prepare and mail accurate loan application disclosures in a timely manner in accordance with state laws, ECOA, RESPA, TIL, Reg B, FCRA/FACTA.
• Order credit reports, residential appraisals, flood determinations, environmental reports, and HELOC checks.
• Order UCC searches and file initial UCCs and title applications.
• Verify the good standing of entities with Secretary of State offices and interpret Articles, Bylaws and Operating Agreements.
• Manage loan closing processes and required documentation for coordination with borrowers, loan officers, legal professionals and loan operations.
• Prepare accurate loan packages in accordance with applications, commitment letters, loan agreements and credit approvals.
• Monitor open files for compliance with withdrawn and declined file requirements.
• Process funding loan proceeds and fees via online entries, wire transfer or check.
• Ensure compliance with applicable laws and regulations within the area of responsibility.
• Complete other duties as requested.

The employee is regularly required to sit and use hands to handle, type, grasp or feel. The employee is regularly required to walk and reach with hands and arms. The employee is occasionally required to stand, climb, stoop, kneel or crouch and must occasionally lift and/or move up to 25 pounds. Specific vision abilities required include close vision, distance vision, peripheral vision, and ability to adjust focus.

• High school diploma or equivalent.
• Proficiency with Microsoft Office (Word, Excel, Outlook, etc.) and office equipment.
• Prior loan processing and/or loan operations experience is strongly preferred.
• Knowledge of consumer and commercial loan documentation requirements and federal and state regulatory requirements.
• Strong attention to detail and organizational skills.
• Good verbal and written communication skills.
• Customer service oriented mindset with internal and external customers.
• Familiarity with lending regulations and bank lending guidelines.

This statement of policy reaffirms South Atlantic Bank’s policy of equal employment opportunity in employment, compensation, training, transfers, promotions and all other aspects of employment regardless of race, color, religion, national origin, age, sex, veteran status, physical or mental handicap/disability and confirms that we do carry out this policy at South Atlantic Bank. This policy also applies to all company-sponsored activities such as educational programs, tuition aid and social and recreational activities.