Arkansas Staffing
Loan Assistant
The loan assistant is primarily responsible for assisting commercial lenders. The loan assistant will verify, compile, and complete loan applications. In addition, this position will prepare new loan requests to submit to loan processing, review the loan file to verify that data is complete and meets established standards. The loan assistant will process documentation of loans and extensions; close loans and prepare for booking, compute payment and interest, and handle telephone inquiries promptly and professionally. Essential duties and responsibilities: Review completed LOM for accuracy. Order supporting documentation. Submit LOM to loan ops. Perform pre-funding review. Close loan if needed / fund loan. Prepare loan package for shipping and booking. Pull maturity and past due reports. Inform officer of required documentation for loan renewals. Prepare basic loan offering memorandum. Assist in clearing collateral / credit exceptions. Process draw requests / loan payments / transfers. Handle loan research issues / questions. Forward documents to loan ops for scanning. Completes required BSA/AML training and other compliance training as assigned. Ability to work in a constant state of alertness and in a safe manner. Perform any other related duties as required or assigned. Education and experience: high school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc, plus 2 years related experience and/or training, or equivalent combination of education and experience. Communication skills: ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals; ability to write routine reports and correspondence. Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization. Mathematical skills: ability to add, subtract, multiply and divide numbers. Ability to perform these mathematical skills using money and other forms of measurement. Critical thinking skills: ability to utilize common sense understanding in order to carry out written, oral or diagrammed instructions. Ability to deal with problems involving several known variables in situations of a routine nature. Additional information: Previous loan or loan documentation experience Good understanding of financial institution products and services Time management: the ability to organize and manage multiple priorities Excellent proof-reading skills and attention to detail Strong team player Basic computer proficiency
The loan assistant is primarily responsible for assisting commercial lenders. The loan assistant will verify, compile, and complete loan applications. In addition, this position will prepare new loan requests to submit to loan processing, review the loan file to verify that data is complete and meets established standards. The loan assistant will process documentation of loans and extensions; close loans and prepare for booking, compute payment and interest, and handle telephone inquiries promptly and professionally. Essential duties and responsibilities: Review completed LOM for accuracy. Order supporting documentation. Submit LOM to loan ops. Perform pre-funding review. Close loan if needed / fund loan. Prepare loan package for shipping and booking. Pull maturity and past due reports. Inform officer of required documentation for loan renewals. Prepare basic loan offering memorandum. Assist in clearing collateral / credit exceptions. Process draw requests / loan payments / transfers. Handle loan research issues / questions. Forward documents to loan ops for scanning. Completes required BSA/AML training and other compliance training as assigned. Ability to work in a constant state of alertness and in a safe manner. Perform any other related duties as required or assigned. Education and experience: high school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc, plus 2 years related experience and/or training, or equivalent combination of education and experience. Communication skills: ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals; ability to write routine reports and correspondence. Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization. Mathematical skills: ability to add, subtract, multiply and divide numbers. Ability to perform these mathematical skills using money and other forms of measurement. Critical thinking skills: ability to utilize common sense understanding in order to carry out written, oral or diagrammed instructions. Ability to deal with problems involving several known variables in situations of a routine nature. Additional information: Previous loan or loan documentation experience Good understanding of financial institution products and services Time management: the ability to organize and manage multiple priorities Excellent proof-reading skills and attention to detail Strong team player Basic computer proficiency