Loan Assistant II
cen.ai, Fayetteville, AR, United States
Loan Assistant II
The Loan Assistant II is responsible for assisting commercial lenders. This position verifies, compiles, and completes loan applications. The Loan Assistant II prepares new loan requests to submit to loan processing and reviews the loan file to verify that data is complete and meets established standards. This position processes documentation of loans and extensions, closes and prepares loans for booking, and computes payment and interest.
Essential duties and responsibilities include reviewing completed loan origination materials for accuracy, ordering supporting documentation, submitting loan origination materials to loan operations, performing pre-funding reviews, closing loans if needed/funding loans, preparing loan packages for shipping and booking, pulling maturity and past due reports, informing officers of required documentation for loan renewals, preparing basic loan offering memorandums, assisting in clearing collateral/credit exceptions, processing draw requests/loan payments/transfers, handling loan research issues/questions, forwarding documents to loan operations for scanning, completing required BSA/AML training and other compliance training as assigned, and performing any other related duties as required or assigned.
Qualifications to perform this job successfully include 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 5 years related experience and/or training, or equivalent combination of education and experience. Communication skills, mathematical skills, critical thinking skills, and software skills are also required.
The Loan Assistant II is responsible for assisting commercial lenders. This position verifies, compiles, and completes loan applications. The Loan Assistant II prepares new loan requests to submit to loan processing and reviews the loan file to verify that data is complete and meets established standards. This position processes documentation of loans and extensions, closes and prepares loans for booking, and computes payment and interest.
Essential duties and responsibilities include reviewing completed loan origination materials for accuracy, ordering supporting documentation, submitting loan origination materials to loan operations, performing pre-funding reviews, closing loans if needed/funding loans, preparing loan packages for shipping and booking, pulling maturity and past due reports, informing officers of required documentation for loan renewals, preparing basic loan offering memorandums, assisting in clearing collateral/credit exceptions, processing draw requests/loan payments/transfers, handling loan research issues/questions, forwarding documents to loan operations for scanning, completing required BSA/AML training and other compliance training as assigned, and performing any other related duties as required or assigned.
Qualifications to perform this job successfully include 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 5 years related experience and/or training, or equivalent combination of education and experience. Communication skills, mathematical skills, critical thinking skills, and software skills are also required.