Loan Processing - Temporary Worker
Loan Processing - Temporary Worker
Posted on :
12-09-2025
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1 Vacancy
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Job Description
Overview
The Temporary Worker Loan Processor processes and closes different types of business consumer loans commercial loans and or including real-estate secured for ensuring all loan requirements are in place as required by the loan approval and the banks loan policies and procedures including collateral legal compliance and financial requirements.
Principal Duties and Responsibilities:
- Reviews approved credit approvals upon receipt from the Underwriter and undertakes to obtain all requirements necessary to close the loan pursuant to the loan approval and the applicable loan closing checklist. These items include but are not limited to commitment letters appraisals inspection reports legal and collateral documentation title information compliance documentation insurances and payoffs.
- Transmits complete loan packages to either outside counsel or in-house loan documentation staff for preparation of loan documents. Assists as necessary throughout the closing process with any additional closing requirements keeping all parties informed and acts as liaison to get appropriate decision-makers involved to resolve problems.
- If loan is documented by outside counsel reviews draft loan documents prior to closing determines that the closing statement reflects the appropriate use of loan funds and that the appropriate bank fees escrows costs etc. are collected at closing. Determines that all non-legal conditions for closing have been satisfied. Coordinates with counsel to close and fund the loan and follows up on all post-closing matters.
- Prepares all bank forms required for the closing and performs all tasks required to comply with banks loan policies and procedures particularly with respect to compliance and credit matters.
- Ensures loans are properly booked all required waivers are in place and the loan proceeds are properly disbursed.
- Organizes the file and bar-codes loan and credit documents as necessary.
- Follows up to obtain all outstanding documentation items including recorded documents when the closings are performed by outside or in-house legal counsel.
- Responsible for complying with all ACH rules and understanding the NACHA rules applicable to all transactions.
- Performs the administrative end of loan relationship including but not limited to handling inquires from Relationship Managers and managing compliance related requirements with respect to flood regulations.
- Stays abreast of loan compliance related issues and distributes as required information to department.
- Acts as liaison with other departments to resolve operational issues.
- Assists with training/instruction of compliance and closing procedures within the department as necessary.
- Maintains such reports as may be required.
- Processes revolving line of credit advances and pay downs based on pre-approved loan documentation and/or advance request and corresponding general ledger account entries related to loan closings.
- Prepares Loan Input Sheets performs quality control of approval instruments and all other required documentation necessary for proper loan booking.
- May maintain credit files related to a loan closing according to the banks credit standards.
Qualifications
- Minimum 2 years experience in the Lending field. Required.
- Extensive knowledge of consumer loans commercial and mortgage loan structures and of loan accounting issues.
Knowledge of loan accounting issues.
Must have the ability to accept instruction prioritize and follow through on work assignments with minimal supervision.
Excellent computer skills using Microsoft office applications (Outlook Excel & MS Word).
High level of accuracy and attention to detail being aware to verify and double check work.
Must possess excellent organizational and time management skills with ability to handle multiple tasks under tight timeframes.
Ability to work independently with minimum of supervision and to be a team player with a positive outlook.
Education
- High School Diploma or GED equivalent.
- An equivalent combination of education and relevant professional experience may be considered in lieu of a degree.
Special Instructions to Candidates
- Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
- Please view Equal Employment Opportunity Posters here.
- The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about discussed or disclosed their own pay or the pay of another employee or applicant. However employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information unless the disclosure is (a) in response to a formal complaint or charge (b) in furtherance of an investigation proceeding hearing or action including an investigation conducted by the employer or (c) consistent with the contractors legal duty to furnish information. 41 CFR 60-1.35(c)
- Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at or by e-mail at.
Employment Type
Full-Time
Key Skills
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