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The Bank of Fayette County

Loan Assistant

The Bank of Fayette County, Collierville, Tennessee, United States, 38017

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1 day ago Be among the first 25 applicants Direct message the job poster from The Bank of Fayette County Community Outreach Officer, Assistant Vice President

Summary of Primary Duties and Responsibilities: This position requires that you have effective teamwork and communication skills and use them in a high paced, high volume environment.Specific duties include: • Provide administrative support in the collection, preparation and completion (insuring compliance) of a loan application and collection of initial documentation. • Take loan application from customers when loan officer is not available. • Assist with collecting required financial documentation required under the Loan Policy for underwriting of the loan request. • Assist with pulling of credit report and initial draft of credit memo. Prepare credit package for submission to Loan Committee. • Review adverse action files prior to submission to the Compliance Officer for second review. • Submit credit approval and all supporting documentation to the Loan Processing Dept. for final phase of processing and loan closing document preparation. • Request flood determinations from 3rd party and request insurance policies from customers, including verifying sufficient coverage on collateral. • Order appraisals and title work. • Prepare the Early Docs and ensure they are signed and dated correctly prior to the loan closing. • Obtain and ensure that we have proof of insurance, payoffs and other required information at least 4 days prior to the loan closing so the CD can be issued and sent to the borrower. • Fund in house loan closings. This does not include writing the loan tickets. This only if there are payoff checks that needs to me mailed. • Ensure that the GMI HMDA info is completed and correct. This info is done with the loan application is completed. • Setup the loan folder on the shared drive • Obtain remaining or uncollected loan documents after loan closing. • Assist loan officer(s) in monitoring and managing loan pipeline to ensure timely closings. • Review and work loan exception reports. • Assist the loan officer(s) in managing the portfolio by requesting/gathering information (i.e. annual financials). • This position may require loan assistant to act as a Mortgage Loan Originator (“MLO”) which is defined as an individual who takes loan applications, and/or offers or negotiates the terms of a loan for compensation or gain. All MLO’s are required to register with the Nationwide Mortgage Licensing System and Registry (“NMLS”), obtain a unique identifier, and annually renew the registration, as defined by the S.A.F.E. Act requirement. • Maintain a current knowledge of commercial, mortgage and consumer lending laws and regulations and adheres to all state and federal laws and regulations. • Comply with all bank policies and procedures. • Meet customer service standards as outlined by management by providing assistance in a friendly and professional manner to customers, internal staff, external agencies/staff including, but not limited to, title companies, attorneys or other agencies participating in the loan process. • Promote The Bank’s products and services. • Other duties as assigned. KNOWLEDGE, SKILLS AND ABILITIES • An ability to quickly assess and process large amounts of information and must be able to use designated technology. • Must continue to expand knowledge of issues influencing the industry and the organization. • Must be organized and detailed-oriented and possess ability to prioritize workload based on loan volume. • Must maintain a high degree of accuracy. • Must maintain confidentiality of borrower and/or company information. • Excellent and effective communication skills, both verbal and written. • Self-starter; ability to work independently EDUCATION/EXPERIENCE High school diploma or equivalent Previous Loan Processing experience preferred Seniority level

Seniority level Entry level Employment type

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