Business Loan Processor
Horicon Bank, Beaver Dam, WI, United States
Role Summary:
The Business Loan Processor prepares a wide variety of business-related loan documents, in compliance with regulations for both pre and post closings and maintains required documentation.
Principal Duties and Responsibilities:
Enthusiastically support the bank sales function by providing exceptional service to internal and external customers of the bank.
Run external credit ratings and customer inquiries in the core banking system.
Obtain pay-off information from other creditors and provide pay off information as necessary.
Order written flood plain determinations, credit reports, opinions of title, title insurance, and letter reports. Perform corporate name searches and tax bill inquiries.
Organize and handle an accepted volume of loan documentation preparation.
Accurately prepare and process new and refinanced loan documents and disbursements for loan closings.
Review files after closings to ensure that all documents are signed and checks have been disbursed. Prepare proper tickets, forms, and set-up of loans on the system.
Forward documents to other financial institutions, insurance companies, Register of Deeds, Secretary of State, Department of Natural Resources, and Department of Motor Vehicles to perfect liens on collateral.
Document all exceptions on the "Closed Pending LisAssist".
Obtain initial coverage binders or copies of policies from borrowers or insurance agents. Ascertain levels of insurance are appropriate and the bank is listed as Mortgagee/Loss Payee.
Maintain a list of loans that are closed but pending completion of final documents.
Answer department phones, provide assistance with internal questions. Ensure prompt and courteous response to customer inquiries.
Completes various administrative responsibilities that support the commercial processing and credit departments and the business lending team.
Perform other duties to facilitate day-to-day operations within the department, assist other processors as needed.
Additional Duties and Responsibilities:
Assist in the development of manuals and supporting documentation to accomplish tasks/duties inherent in the lending department.
Update knowledge and develop professionally on a continuing basis. Participate in internal and external training and development opportunities as required.
Perform other duties as may be necessary to fulfill the responsibilities of this role.
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to the AML/CFT team.
Knowledge, Skills, and Abilities:
High school diploma or equivalent and a minimum of at least two years of previous banking or related experience required.
Computer literacy including experience with Office Suite, MS Word, Excel, and other computer software products.
Ability to plan and prioritize a diversified workload, handle multiple tasks concurrently; exercise good judgment in all areas of responsibility; and work effectively under pressure and deadlines.
Ability to work independently and produce quality results, as well as work in a collaborative team environment.
Working Conditions:
Work is performed in a pleasant office environment with minimal chance for personal injury. Frequent mental concentration is necessary for listening and responding to various situations. Must be able to lift and move up to 20 pounds unassisted. Some twisting, bending, and turning is required. Work hours are generally during normal business hours and average 40 hours a week.
This role description describes the general nature and level of work performed by employee assigned to this role. It does not state or imply that these are the only duties and responsibilities assigned to the role. The employee may be required to perform other job-related duties as requested by management. All requirements are subject to change over time, and to possible modification to reasonably accommodate individuals with a disability.
This role description does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs to the employer and requirements of the role change.
The Business Loan Processor prepares a wide variety of business-related loan documents, in compliance with regulations for both pre and post closings and maintains required documentation.
Principal Duties and Responsibilities:
Enthusiastically support the bank sales function by providing exceptional service to internal and external customers of the bank.
Run external credit ratings and customer inquiries in the core banking system.
Obtain pay-off information from other creditors and provide pay off information as necessary.
Order written flood plain determinations, credit reports, opinions of title, title insurance, and letter reports. Perform corporate name searches and tax bill inquiries.
Organize and handle an accepted volume of loan documentation preparation.
Accurately prepare and process new and refinanced loan documents and disbursements for loan closings.
Review files after closings to ensure that all documents are signed and checks have been disbursed. Prepare proper tickets, forms, and set-up of loans on the system.
Forward documents to other financial institutions, insurance companies, Register of Deeds, Secretary of State, Department of Natural Resources, and Department of Motor Vehicles to perfect liens on collateral.
Document all exceptions on the "Closed Pending LisAssist".
Obtain initial coverage binders or copies of policies from borrowers or insurance agents. Ascertain levels of insurance are appropriate and the bank is listed as Mortgagee/Loss Payee.
Maintain a list of loans that are closed but pending completion of final documents.
Answer department phones, provide assistance with internal questions. Ensure prompt and courteous response to customer inquiries.
Completes various administrative responsibilities that support the commercial processing and credit departments and the business lending team.
Perform other duties to facilitate day-to-day operations within the department, assist other processors as needed.
Additional Duties and Responsibilities:
Assist in the development of manuals and supporting documentation to accomplish tasks/duties inherent in the lending department.
Update knowledge and develop professionally on a continuing basis. Participate in internal and external training and development opportunities as required.
Perform other duties as may be necessary to fulfill the responsibilities of this role.
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to the AML/CFT team.
Knowledge, Skills, and Abilities:
High school diploma or equivalent and a minimum of at least two years of previous banking or related experience required.
Computer literacy including experience with Office Suite, MS Word, Excel, and other computer software products.
Ability to plan and prioritize a diversified workload, handle multiple tasks concurrently; exercise good judgment in all areas of responsibility; and work effectively under pressure and deadlines.
Ability to work independently and produce quality results, as well as work in a collaborative team environment.
Working Conditions:
Work is performed in a pleasant office environment with minimal chance for personal injury. Frequent mental concentration is necessary for listening and responding to various situations. Must be able to lift and move up to 20 pounds unassisted. Some twisting, bending, and turning is required. Work hours are generally during normal business hours and average 40 hours a week.
This role description describes the general nature and level of work performed by employee assigned to this role. It does not state or imply that these are the only duties and responsibilities assigned to the role. The employee may be required to perform other job-related duties as requested by management. All requirements are subject to change over time, and to possible modification to reasonably accommodate individuals with a disability.
This role description does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs to the employer and requirements of the role change.