Loan Processor Ii

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

LOAN SUPPORT Regular Full-Time Ln Assist./Proc Traditional Bank - Main Bank, Mt. Sterling, KY, US

Salary Range: $20.35 To $30.53 Hourly

Process application disclosures and other related documents for all consumer 1-4 family residential loan applications for all bank locations. Process all closing documents for personal, commercial, real estate and credit line loans on a daily basis for all bank locations and prepares completed loans for data entry, including accounting entries. Takes a leadership role in the department and helps to train new processors.

include the following. Other duties may be assigned.

• Process and deliver application disclosures and other related documents for consumer 1-4 family residential loan applications for all bank locations. Ensure all disclosures are provided within designated time frame per regulation.
• Ensure all application disclosures are accurate and compliant with Reg Z, REPSA, and all other regulatory requirements.
• Responsible for providing updated application disclosures, within required time frame per regulation.
• Responsible for communicating to Lender/ Loan Assistant when loan request is identified as High Price Mortgage Loan.
• Request flood determination on all consumer 1-4 family residential properties. Notify appropriate personnel if property is identified as being located in a designated special flood hazard area. Produce required flood notification documents.
• Process all closing documents for personal, commercial, real estate and credit line loans for all bank locations.
• Prepare all "change in terms" agreements per lenders instructions.
• Prepare Letter of Credit upon lenders request. Processes closing documents for Letters of Credit.
• Prepare completed loans processed for data entry. Prepare all accounting entries necessary to properly activate all new loans. Ensure that all loan transactions that require on-line entry are passed on to Loan Data Entry Clerk.
• Responsible for the delivery of loan documents requiring electronic signing upon request from lending staff.
• Release possessory documents held in collateral box to proper owners upon payment of loan, as well as prepare new assignments and collateral receipts for any possessory documents being held that are changed.
• Must exercise confidentiality in regards to any and all financial data provided to the bank by customers.
• Work in conjunction with Loan Processing Supervisor, Loan Operations Officer, and Loan Operations Director and any other pertinent personnel to protect the integrity and accuracy of documents processed from LPL loan system.
• Report all critical warnings noted on any transactions processed in Laser Pro to the Loan Operations Officer prior to delivering application documents or closing documents to lender.
• Ensure the safety and security of all official bank checks utilized in the loan department.
• Inform proper authority of any supplies needed for maintenance and upkeep of laser printer and fax machine.
• Verify, through corporate records, all corporate, partnership, LLC, LLP, etc., legal title if proper verifications have not been provided prior to loan processing of new loan. Verify through Military Lending Act database all individuals as pertains to loan processing and on loans that require MLA verification.
• Verify all payoffs before processing of any renewal of refinanced loan to ensure accuracy.
• Make sure all loans processed, but do not close, are deleted from the loan processing system to ensure accuracy of monthly reports.
• Follow up on all loans processed, which are not returned from lenders within a reasonable period of time, to ensure safety and security of original loan documents.
• Forward documents that require signature, titles, and/or serial numbers, possessory instruments etc., through proper channels for tracking.
• Monitor loan worksheets for proper underwriting exception approval; monitors for proper customer acknowledgement of TRID disclosures.
• Acts as backup to Loan Data Entry Clerk on interfacing all types of loans.
• Provides leadership and training role in the department.
• Responsible for monthly flood certification remittance report as needed.
• Completes training as required.
• Perform backup duties and miscellaneous duties as required.

• Minimum of four or more years of loan…