Loan Processor
Location: Boerne
Reports to: VP, Loan Administration and Credit
Summary
Handling the entire documentation workflow on commercial loans (including real estate) from initial disclosure through closing and correspondence with all parties involved. Additionally, responsible for the preparation of other commercial loan documents, payment extensions, and loan renewal/modifications agreement. Will also be responsible for the booking of loans into the core system (Jack Henry) after the loan documents have been executed.
Essential Duties and Responsibilities
- Review loan presentation for proper approval and completion, including supporting documentation.
- Determine borrower and guarantor legal classification and review appropriate entity documents.
- Ensure all pre-funding requirements and exception waivers are obtained, ensuring compliance with any pre-funding requirements.
- Ensure compliance with policies and procedures related to loan documents as detailed in the Loan Policy.
- Generate appropriate disclosures as required by law.
- Coordination of all required documentation preparation, data gathering and customer contact workflow through closing, including title company and attorney correspondence. There is no direct borrower contact.
- Provide a high level of lender branch service, timely review and competitive turnaround times for all loan closings.
- Perform other duties as requested by management.
Education and Experience
- High school education or equivalent is required.
- At least one year of work experience in the banking or credit union industry.
- Excellent interpersonal and communications skills are required.
- Must demonstrate a high level of attention to detail, inductive reasoning and high accuracy using computer systems to enter large volume of complex information is required.
- Able to function effectively at a high volume, in a time sensitive environment is required.
- Must be self-educating and able to work with little direct supervision is required.
- Extensive complex Commercial and Commercial RE documentation and closeout workflow experience, including interim construction and land development is preferred.
- Previous commercial loan experience is also preferred.
- Experience in using automated document preparation software is preferred.
- Provide loan research for lenders when called upon.
- Balances various accounts.
- Keying daily work received from the branches
- A working knowledge of loan documents and disclosures insuring prior to loan closing that loan documentation is accurately prepared. Additionally, order title work and appraisals.
- Proficiency in Excel and Word.
- Knowledge of operating system Jack Henry is a plus.
- Ability to communicate clearly in both written and oral forms.
- Must be highly motivated, responsible and able to work under pressure.
- Attention to detail and accuracy is essential.
- Must possess good interpersonal skills and be able to communicate effectively.
- Must be able to work within a team environment.
- Above average computer skill dealing with Microsoft suite of products.
- Regular and punctual attendance is required.
Position requires extended periods of sitting and computer use. Such duties as listed in this description are not meant to be all-inclusive and the employer reserves the right to add, alter or delete duties as fit, with or without notice.
NOTE: This job description is not intended to be all-inclusive. An employee will also perform other reasonably-related job responsibilities as assigned by management as required. Sonora Bank reserves the right to revise or change job duties as the need arises. This job description does not constitute a written or implied contract of employme
