Loan Processor

Job Title: Loan Processor

Republic Bank believes in the development and advancement of our associates. We offer the opportunity to learn all aspects of the company to prepare for future advancement. Come join our team for a career, not just a job!

Republic Bank's values are built upon making an IMPACT for our clients, our associates and the communities we serve. (IMPACT stands for Innovate for the Future, Make it Easy, Provide Exceptional Service, Acknowledge & Celebrate Success, Commit to Caring and Thrive Together) The associates of Republic Bank are the key to our success as an organization and we value our associates. It's one of the reasons we've been named as one of the Best Places to Work in Kentucky for ten years!

POSITION PURPOSE AND OBJECTIVES

The Loan Processor is responsible for processing loan requests using an automated software system and following portfolio matrix guidelines. Additionally, this position is also responsible for working closely with the lending staff and borrowers to process loan applications in an efficient and timely manner within secondary market, portfolio, and compliance guidelines. This position will complete more advanced loan processing tasks in support of the loan processing department. Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

MINIMUM QUALIFICATIONS

• Minimum of 2 years mortgage loan processing experience required.
• Proficiency in Microsoft Office products (Word, Excel, Access, PowerPoint) and Internet applications.

ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES

• Responsible for setting up and analyzing all incoming loan files to ensure we have the appropriate documentation.
• Calculate income and asset information required by LP/DU feedback and portfolio guideline requirements.
• Clear non-credit prior to close conditions such as title, homeowner's insurance, and appraisal modifications.
• Communicate directly with borrowers, realtors, etc.
• Process incoming mail/email daily; determine how each piece affects the loan request.
• Responsible for HMDA and CRA reporting.
• Follow-up with lending officer on outstanding issues that need to be cleared.
• Responsible for processing the application fee in a timely manner.
• Coordinate external activities with the title companies, appraiser, insurance agents, and surveyors.
• Complete daily follow up on files to ensure receipt of all necessary documentation.
• Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.
• Model and foster behaviors that support the Bank's values and corporate culture creating an atmosphere of trust, cooperation, accountability, and dedication to the organization. Willingly perform all other duties and projects as assigned.

INTERPERSONAL SKILLS AND COMPETENCIES REQUIRED

• Excellent verbal and written communication skills for effective interactions with associates and supervisor.
• Must be self-motivated and work in a team environment.
• Requires a high energy level and strong sense of urgency; ability to work with situations on a "rush" notice.
• Strong attention to detail & organizational skills.
• Excellent ability to deal with client's issues, questions and/or complaints.

PHYSICAL REQUIREMENTS

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this position, the associate is regularly required to sit, use hands to finger, handle, or feel; and talk or hear. The associate frequently is required to stand or walk. The associate is occasionally required to reach with hands and arms. The associate must occasionally lift and/or move 10 pounds. Specific vision abilities required by this position include close vision, and distance vision. The noise level in the work environment is usually moderate.

OTHER REQUIREMENTS

Travel between Republic Banking facilities may be required including occasional out of town travel. Flexible work schedule may include some evenings, weekends and/or overtime. Stay abreast of new developments, best practices, and statutory and regulatory changes.