Loan Administration Processor

Position Summary

This position reports to the Loan Administration Manager and is responsible for reviewing and preparing loan papers to ensure completeness. The role includes key functions to complete transactions between the loan establishment and borrowers for consumer, commercial, and real estate transactions.

This position reports to the Loan Administration Manager and is responsible for reviewing and preparing loan papers to ensure completeness. The role includes key functions to complete transactions between the loan establishment and borrowers for consumer, commercial, and real estate transactions.

• Verify and examine information and accuracy in loan approval package.
  • Must be within Loan Policy Guidelines
  • In Compliance with different Regulations
    • HMDA
    • HOEPA
    • Reg B
    • Reg Z
    • TRID
  • Verify Property Taxes
  • Set up Escrow accounts
• Prepare loan documents within Laser Pro for application disclosures and closing packages.
• Prepare loan documents for Home Equity Lines of Credit (HELOC) and may be responsible for recording the mortgage.
• Board loans into the core system, including building out collateral for each loan.
• Set up loans (if needed) on Auto Debit from internal accounts or external accounts.
• Prepare loan file to be scanned into the electronic imaging system.
• Assists with correcting exceptions found in loan files by Loan Review.
• Assist with payment corrections and payment research.
• Waive Late Charges approved by the Officer.
• May be responsible for setting up One‑Time ACH payments.
• May be responsible for posting and/or verifying Electronic Loan Payments.
• May be responsible for reviewing daily reports and process corrections as needed.
• Uses independent judgment and decision making in carrying out the essential functions of the position.
• Conduct UCC searches and file UCC Statements.
• Type and book letters of credit.
• Prepare 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.
• Must be able to multi‑task and prioritize your workload.
• All other duties assigned.

• 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 – Full understanding and knowledge of TRID, HOEPA, HMDA, Reg B, and Reg Z.

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

The work for this position is conducted in the back office of our bank, and travel is limited to training and meetings. The role may require working extended hours in the evenings or weekends, depending on workload.

Associate’s Degree (or other 2‑year degree) and/or equivalent loan administration experience. Three years of experience in consumer and commercial loan processing preferred. Experience with Laser‑Pro preferred.

Resource Bank strives to be the employer of choice - EEO/Minority/Female/Vets/Disabled