Loan Assistant

Benefits: Vacation/Sick, Health/Dental/Vision, Life Insurance, Disability, 401k/Profit Sharing

Employment Type: Full-time Benefits: Vacation/Sick, Health/Dental/Vision, Life Insurance, Disability, 401k/Profit Sharing

Loan Assistant

This position is responsible for general clerical work required for the gathering of proper documentation and the processing of consumer, real estate and commercial loans.

DUTIES

• Maintain accurate and up to date loan applications for consumer, commercial and real estate loans to include appropriate disclosures.
• Provide loan applications to customers and review for accuracy and completeness when returned.
• Pull credit reports and prepare loan worksheets in preparation for loan officer's review of loan application.
• Request appropriate documentation from borrowers, attorneys, companion lenders, appraisers, insurance agents, title companies, etc to properly secure loans.
• Verify all papers are accurately completed and signed before loan is financed.
• Schedule and perform loan closings with customers explaining all loan documentation.
• Coordinate with loan administration department to ensure proper processing of collateral after closing.
• Assist loan officer with monthly report and monitoring of matured loans.
• Mail out past due letters and monitor for repossession or foreclosure action.
• Assist loan officer with ordering repossession or foreclosures; ensuring appropriate letters are mailed and attorneys notified.
• Assist the loan officer in the sale of collateral and preparing information for attorneys or justices of the peace to secure judgments on defaulted loans.
• Monitor collateral files on a monthly basis to ensure appropriate documentation has been received. Contact customers, insurance agents and title companies to secure these documents.
• It is expected that the incumbent shall perform other duties as assigned within their capabilities as determined by management.

QUALIFICATIONS

High school diploma required. Two years of experience in loan documentation experience with consumer, commercial and real estate loans preferred; with emphasis on documentation and review. Working knowledge of Microsoft Windows, Word and Excel required. Secondary market experience also preferred.