Loan Documentation Assistant
Summary
Processes and audits loan documents for a community bank, ensuring accuracy and compliance before closing, and handles post-closed reviews and customer inquiries.
United Bank of Union is seeking to fill the position of Loan Documentation Assistant. The ideal candidate is detail oriented, motivated and able to organize and prioritize work to meet deadlines. Responsibilities include attaining information, preparing loan documents necessary for closing a loan; performing loan audit review of all in-house loan documentation for accuracy and compliance to convey to the internal or external sources as required to close the loan.
The Bank provides a great team environment with amazing benefits such as health, vision, dental, life insurance, paid leave (PTO, childbirth/parental leave) 11 paid holidays, education assistance program, pet insurance, 401K plan with above standard employer match, and much more.
Essential duties:
- Process all pre-disclosures and appropriate loan documents (in-house and fixed rate mortgage loans) for loan closings that will include the interaction with insurance companies, title companies, customer and loan officers.
- Forward all notice of liens for titled collateral to the State of Missouri.
- Complete title applications to the State of Missouri and if ownership changes update appropriate documentation in the file (i.e. Security Agreements). Update Navigator with added or removed collateral, as necessary.
- Pull up ARM rates and update new rates in Navigator and send appropriate documentation to assigned personnel.
- Prepare, mail and file all necessary documentation for repossessed collateral.
- Loan review of all documents pertaining to all in-house loans.
- Conduct thorough post-closed review (second review) of loan files to ensure accuracy, completeness, and compliance with internal policies, regulatory requirements, and investor guidelines.
- Review the indexing of paid loans into Director
- Assist in service area with encoding of payments, quoting payoffs, answering customer inquiries.
- Answer phone inquiries.
- May perform other duties as assigned.