Consumer Loan Processor

Loan Processor

IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects its dedication to the growth and success of its employees, customers and communities. IBC bank hires talented, creative and dedicated individuals to help our business succeed. We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence. We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience.

This is an in-office position.

Department: 405 Consumer Lending

Job Summary:

The Loan Processor prepares the commercial loan documents and ensures that the loan documents are prepared accurately and on a timely basis. Responsibilities include assisting the loan officer with the process of the scheduled loan closing by gathering the required information necessary to close the loan with a focus on credit quality and overall risk management. Emphases on closing the loan on a timely basis. The customer has deadlines to obtain the funds and complete the transaction.

Job Description:

ESSENTIAL JOB FUNCTIONS

The statements on this job description are intended to describe the general nature and level of work being performed by incumbents. They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.

• Prepares loan documents accurately and to close the loan as scheduled.
• Facilitates the timely ordering of required documents (title work, compliance documents, flood documents, appraisals) and any other documents necessary to prepare the loan documents, based on board policy and regulatory requirements.
• Audit the loan documentation to ensure that all documents are in order prior to loan closing paying close attention to detail in the preparation of documents.
• Upload loans onto the PCS system. Reviewing reports on input and verifying that information was entered correctly. Receive loan requests and ensures loan information is properly entered into the correct system for processing.
• Serve as a primary point of contact to assist internal and external stakeholders (lenders, customers, attorneys, title company) with various questions regarding loan closings.
• Consistently analyze all loan documentation during processing to ensure accuracy of data and adherence to company policies and regulatory to safeguard IBC's legal position with the loan.
• Create and maintain completeness of loan files both electronically and/or hard copies.
• Perform detailed audits of loan request to ensure accurate and timely delivery of loan documents.
• Monitor loan compliance with all applicable laws, regulations, and company policies.
• Create detailed report for management related to all activities and status of loan processing.
• Other duties as assigned.

SKILLS

• Excellent verbal and written communication skills required.
• Good organizational skills.
• Critical and analytical skills.
• Proficiency with Microsoft Word, Excel and Outlook preferred.
• Bilingual in English and Spanish preferred.

EXPERIENCE

• 1-2 years related experience