Loan Processor
First Federal Bank, Lake Charles, LA, United States
First Federal Bank of Louisiana is currently seeking a Loan Processor in the Loan Processing and Closing Department. The position is located at the Main Office in Lake Charles, Louisiana.
About Us
First Federal Bank of Louisiana is a full-service, locally owned community bank that has helped build the communities we serve for over 75 years. With over one billion dollars in assets and 16 offices currently serving multiple parishes across Southwest and Central Louisiana, we are proud to offer our customers comprehensive retail and commercial products as well as investment services to meet all of their financial needs. Empowering people and places to realize and attain their dreams is what our community-first banking is all about, and that's what our team strives to do in the communities we serve each and every day. Visit www.ffbla.bank to learn more. Member FDIC, Equal Housing Lender.
Position Summary
Inputs and updates loan data into the computer systems. Assembles and verifies loan documents for accuracy.
Essential Duties & Responsibilities include, but are not limited to, the following: Processes real estate, interim, mobile home, lot, bridge, home equity and HELOC loans; meets regulatory disclosure requirements; reprocesses and updates permanent loans upon interim completion Indexes electronic application files; reviews for completeness and compliance Reviews desktop underwriter findings; obtains information as indicated within the findings prior to submission Verifies all information needed for underwriting has been requested; follows up on requested information Processes and reviews the compliance report for each loan file; addresses any regulatory discrepancies; records and maintains loan data for compliance Issues official checks; transfer funds within the bank's general ledger system to balance records Reviews documents for relevance and accuracy; identifies potential issues or areas for follow-up and informs loan officer Reviews legal documents and title searches; determines if legal descriptions are appropriate and all owners are identified Requests mortgage/conveyance certificate; searches clerk of court; verifies lien position Answers inquiries concerning loan processing; supports lender in working with loan applicant Prepares and mails routine correspondence, such as welcome packages, disclosures, re-disclosures, loan estimates, notices; prepares reports Orders flood determination; provides additional information when needed Scans and indexes processing documentation; inputs and tracks preliminary conditions Submits loan to underwriting Processes credit card payments for upfront fees as needed Compliance training is assigned to all Bank personnel based on their position with the Bank. Employees are required to complete all assigned training timely and in accordance with Bank policy. Minimum Qualifications
High school diploma or GED, One (1) year experience working in the real estate field and/or with real estate legal documents in a professional environment
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are a basic summary of the knowledge, skill, and/or ability required. The full job description is attached as a pdf to this job posting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Other Duties & Responsibilities
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Equal Opportunity Employer
The employment policy of First Federal Bank and its subsidiaries is to provide an equal employment opportunity for all employees and job applicants without regard to race, color, religion, sex, national origin, age, individuals with disabilities, protected veteran status, sexual orientation, gender identity, genetic information, or any other legally protected characteristics or activities in accordance with applicable laws.
About Us
First Federal Bank of Louisiana is a full-service, locally owned community bank that has helped build the communities we serve for over 75 years. With over one billion dollars in assets and 16 offices currently serving multiple parishes across Southwest and Central Louisiana, we are proud to offer our customers comprehensive retail and commercial products as well as investment services to meet all of their financial needs. Empowering people and places to realize and attain their dreams is what our community-first banking is all about, and that's what our team strives to do in the communities we serve each and every day. Visit www.ffbla.bank to learn more. Member FDIC, Equal Housing Lender.
Position Summary
Inputs and updates loan data into the computer systems. Assembles and verifies loan documents for accuracy.
Essential Duties & Responsibilities include, but are not limited to, the following: Processes real estate, interim, mobile home, lot, bridge, home equity and HELOC loans; meets regulatory disclosure requirements; reprocesses and updates permanent loans upon interim completion Indexes electronic application files; reviews for completeness and compliance Reviews desktop underwriter findings; obtains information as indicated within the findings prior to submission Verifies all information needed for underwriting has been requested; follows up on requested information Processes and reviews the compliance report for each loan file; addresses any regulatory discrepancies; records and maintains loan data for compliance Issues official checks; transfer funds within the bank's general ledger system to balance records Reviews documents for relevance and accuracy; identifies potential issues or areas for follow-up and informs loan officer Reviews legal documents and title searches; determines if legal descriptions are appropriate and all owners are identified Requests mortgage/conveyance certificate; searches clerk of court; verifies lien position Answers inquiries concerning loan processing; supports lender in working with loan applicant Prepares and mails routine correspondence, such as welcome packages, disclosures, re-disclosures, loan estimates, notices; prepares reports Orders flood determination; provides additional information when needed Scans and indexes processing documentation; inputs and tracks preliminary conditions Submits loan to underwriting Processes credit card payments for upfront fees as needed Compliance training is assigned to all Bank personnel based on their position with the Bank. Employees are required to complete all assigned training timely and in accordance with Bank policy. Minimum Qualifications
High school diploma or GED, One (1) year experience working in the real estate field and/or with real estate legal documents in a professional environment
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are a basic summary of the knowledge, skill, and/or ability required. The full job description is attached as a pdf to this job posting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Other Duties & Responsibilities
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Equal Opportunity Employer
The employment policy of First Federal Bank and its subsidiaries is to provide an equal employment opportunity for all employees and job applicants without regard to race, color, religion, sex, national origin, age, individuals with disabilities, protected veteran status, sexual orientation, gender identity, genetic information, or any other legally protected characteristics or activities in accordance with applicable laws.