Loan Documentation Specialist

Job Type


Full-time

Description

Farmers State Bank is looking for a full-time Loan Documentation Specialist. This position can be based out of one of the following branches: Mason City East, Clear Lake, Ventura or Grafton.

The Loan Documentation Specialist supports the banks centralized loan functions by processing and preparing loan documentation for various types of loans with an emphasis on residential real estate. The Loan Documentation Specialist develops an understanding of all regulatory requirements and bank policy related to delivery of our loan products and ensures requirements and policies are followed.
Essential Duties and Responsibilities

1. Supports bank growth and income goals by providing timely and accurate loan processing and documentation. Monitors loan files and documents for compliance with regulatory and bank policy and ensure loans are documented as approved through loan committee.

2. Assists with the timely and accurate gathering and review of all information needed to move a loan application through processing,underwriting, and closing.

3. Compiles support files that are complete and contain all needed documentation to satisfy regulatory requirements. Works with lenders to obtain needed items and ensure loan files are imaged and indexed in a timely manner.

4. Ensures internal and external reporting related to loans is done accurately and timely.

5. Promotes and maintains a partnership with lenders to be proactive in aiding their customers and help fill the gaps in customer service to those customers. Assists loan officers and other bank personnel on proper loan documentation procedures and using the loan software.

6. Produces a large volume of loan documents in a quick and efficient manner. Manages risk and prioritizes tasks accordingly.

7. Provides excellent customer service when working with bank employees and customers.


8. Handles multiple deadlines and understands the importance of quick turn-around.

9. Assures compliance with all Bank policies, procedures and processes, and all applicable state and federal banking laws, rules and regulations, and adheres to Bank Secrecy Act (BSA) responsibilities that are specific to the position.

10. Completes administrative tasks correctly and on time, supports the Bank's goals and values, and benefits the Bank through outside activities.

Requirements

Qualifications include the following

• High School diploma or the equivalent required; Associate's degree from a two-year college or university; or three or more years of related experience and/or training; or the equivalent combination of education and experience is preferred.


• Work related experience with loan processing and customer service skills. Intermediate knowledge of loan documents, processes, and compliance requirements

• Proficient math skills

• Strong oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees.

• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.

• Excellent organizational and time management skills with the ability to multitask.