Consumer Loan Processor in Quincy, Illinois at State Street Bank & Trust CO

GENERAL DESCRIPTION

The Consumer Loan Processor is responsible for receiving and processing new loan submissions; and for providing daily administrative support to the Lender; including ordering required documents necessary to process loans, documentation preparation, maintaining the loan file, and coordinating the closing of the loan within a specified time frame.

DUTIES & RESPONSIBILITIES

• Prepares accurate consumer loan documents in a timely manner
• Handles internal and external customer inquiries, questions, and/or concerns regarding their loans, payments, etc in a professional manner
• Orders the required documents (such as titles, appraisals, loan disclosures, obtains payoffs & releases, credit reports, required certificates & insurance) necessary to complete the loan file
• Previews loan files for completeness, accuracy, and ensures they are within compliance standards
• Processes loan files for closing and/or mails the adverse action notices to borrowers as requested by the lenders
• Schedules loan closings for lenders as requested
• Ensures documentation is maintained by performing file maintenance on a routine basis
• Provides weekly and monthly reports to Lenders and senior management as requested
• Performs other duties as assigned

EDUCATION &/OR WORK EXPERIENCE REQUIREMENTS

• A Bachelor degree in economics, finance, or related field is preferred, along with a minimum of 2 year experience in banking, AND at least 1-2 year experience performing loan processing functions is preferred

MENTAL & PHYSICAL REQUIREMENTS

• Ability to sit/stand/kneel/bend/for extended periods of time, lift up to 20 lbs on occasion, ability to analyze and resolve problems, possess strong time management skills, strong communication skills, attention to detail is critical

COMPETENCIES

• Possess proficiency with Microsoft Office products, proficiency with LaserPro is preferred but not required, strong oral and written communication skills .