Loan Processor,Recreational Finance Job Elizabeth City area,North Carolina USA,Finance & Banking

GENERAL DESCRIPTION OF POSITION

The Loan Processor, Recreational Finance, generates the required documentation for all new and modified Marine, RV, or Aviation loan requests. This position performs loan processing, administrative, clerical, and other general office duties. The Loan Processor will communicate with attorneys, insurance agents, documentation agents, and clients to ensure the prompt and efficient processing of loan requests.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Work with the broker/dealer and all other parties involved to schedule loans for closing.

Prepare and process all SPF loan documents based on the loan approval, purchase agreement, settlement sheet and any other documents pertaining to the transaction.

Verify all documentation provided by the loan officer and underwriter when the loan is approved.

Close approved loans ensuring that all policies have been followed in the approval of the loan, all signatures are on all documents, and loan documentation includes the correct data and notarization.

Stay knowledgeable of the banks policies, procedures and guidelines to ensure bank compliance.

Stay current of all new changes in regulations and compliance.

Collaborate with the Retail Credit Administrator, Retail Loan Manager and the Compliance Department to stay current on regulatory changes.

Sort and code final collateral and credit loan documents to scan into the archive system.

Communicate with attorneys, insurance agents, documentation agents, and clients to ensure the prompt and efficient processing of loan requests.

Ensure that all required disclosures and checklists are completed in a timely and accurate manner.

Complete the loan process by funding and preparing the completed loan package for scanning and uploading into the Bank's loan system.

The ability to work in a constant state of alertness and in a safe manner.

Completes required BSA/AML training and other compliance training as assigned.

Perform any other related duties as required or assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

EDUCATION AND EXPERIENCE

High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc., plus 7 to 11 months years related experience and/or training, or equivalent combination of education and experience.

COMMUNICATION SKILLS

Ability to read, analyze, and understand general business/company related articles and professional journals;
Ability to speak effectively before groups of customers or employees.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.

CRITICAL THINKING SKILLS

Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.

SOFTWARE SKILLS REQUIRED

Advanced:
Spreadsheet, Word Processing/Typing
Intermediate:
Presentation/Power Point

WORKING CONDITIONS

Normal working conditions as found within an office setting, wherein there is controlled temperature and a low noise level, plus a minimum of distractions.

ENVIRONMENTAL CONDITIONS

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

PHYSICAL ACTIVITIES

Semi-repetitive, low physical. Semi-repetitive type work which requires periods of concentration for varied time cycles as prescribed by the tasks.

ADDITIONAL INFORMATIONPREFERRED

Experience in loan processing

REQUIRED PROFICIENCIES

Basic understanding of lending principles.
Working knowledge of Microsoft Outlook, Word and Excel.
Good verbal and written communication skills.
Ability to multi-task in a fast paced environment and meet deadline.
High attention to detail.

Equal Opportunity Employer Statement

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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