Loan Closing Processor

Job Title:

Loan Closing Processor

Non‑Exempt

Loan Operations

Monday – Friday, 8:00 am – 5:00 pm

Assist in the documentation process for the Bank’s loan documents. Review closing packages including Lease and Letters of Credit requests that are prepared within the department. Track Community Reinvestment Act Data for all loans. Assist Commercial, Private Bankers, Small Business Bankers and Retail Officers and their corresponding support staff in performing and collecting all due diligence items on loans. Assist Loan Closing Manager with special projects as needed.

• Supports the mission, vision and philosophy of the Bank. Complies willingly with all organizational policies and procedures.
• Supports all functions that maintain compliance with regulatory agencies.

• Prepares and processes all related loan documents with attention to accurately securing all types of collateral by working with Lenders and their support staff to obtain the necessary information to accurately document those loans in compliance with loan policy, credit approvals and regulatory laws.
• Tracks CRA and HMDA data on the Bank’s documentation software.
• Answer questions via telephone or email regarding proper closing procedures, due diligence, etc.
• Performs a closing quality review of loans prepared by employees and other teammates within the department which indicates any missing items or errors via the use of the Bank’s Documentation Checklist. This is done with a high level of concentration on preventing and eliminating policy and regulatory documentation exceptions.
• Pre‑closes organization of electronic loan files, vendor orders and obtaining good standing verifications from applicable Secretary of State for every business / commercial loan documented.
• Responsible for continuing education and training via the use of the Bank’s computer‑based training classes and other classes and seminars as assigned by Department Manager.
• Reviews legal work from attorneys for Lenders as requested and Flood Certification to ensure compliance.
• Performs UCC Searches.
• Other duties as assigned.

Works in an office setting using a computer and various programs; occasional visits to other areas within the Bank.

Education
:
High School Diploma or GED

Experience
:
Minimum of 1 year’s banking experience with Stock Yards Bank within the Commercial Loan Documentation Department

• Employees are expected to represent Stock Yards Bank & Trust in a professional manner to customers and outside contacts.
• Must have excellent interpersonal communication skills, consisting of the ability to write and speak effectively to others.
• Must be a productive team player, with the ability to learn, apply training and comprehend policies and procedures.
• Be flexible in changing working situations and able to meet deadlines as they arise.

• Typing speed of 50 wpm.
• Familiarity with Microsoft Word / Excel.
• Employees should be comfortable working towards deadlines.
• Detail‑oriented.
• Concentration on a team atmosphere with a high level of customer service to our lenders and their support staff.
• Dependability with a follow‑through attitude.

Knowledge of HMDA, CRA, Reg O, Reg U, Articles 5 & 9 of the Uniform Commercial Code

• Primarily sedentary work performed in an office environment.
• Ability to sit for extended periods of time while working at a computer.
• Frequent use of hands and fingers to operate a computer, keyboard, mouse, and other office equipment.
• Ability to speak clearly and hear well enough to communicate with clients, team members, and vendors via phone, video, and in person.
• Visual acuity sufficient to read computer screens, printed documents, and financial data.
• Occasional standing, walking, bending, or reaching.
• Ability to lift and carry up to 10–15 pounds occasionally (e.g., files, office supplies).

• 401(k) with a company match of up to 6%
• ESOP employer match
• Medical insurance
• Dental insurance
• Vision insurance
• Cancer/Disease insurance
• Accident insurance
• Flexible Spending Accounts
• Flexible Savings Accounts
• Health Savings Accounts
• Bank paid Life/AD&D insurance
• Voluntary Life/AD&D insurance
• Bank paid Short-Term and Long-Term Disability insurance
• Employee Stock Purchase Plan
• Employee Assistance Program