Loan Specialist

Pay Rate

Up to $24/hr

Essential Duties and Responsibilities

• Obtain required loan documentation and process less complex applications.
• Order credit verifications and third-party services.
• Track and review legal documents for accuracy.
• Set up and monitor loan and financial ticklers for timely document receipt.
• Verify loan files for accuracy and completeness.
• Follow up on missing documentation and prepare documents for review.
• Schedule or coordinate loan closings and disbursements.
• Prepare compliance and accounting records as required.
• Assist customers with inquiries or problems.
• Monitor existing loans and maintain sufficient documentation.
• Prepare client communications on loan terms.
• Review property and liability insurance compliance.
• Work with attorneys and financial resources for accurate documentation.
• Perform other duties as assigned.

Knowledge, Skills, and Abilities:

• Commercial and retail loan processing concepts and procedures.
• Banking and finance principles.
• Financial markets and products.
• State and federal regulations.
• Processing loan applications and document preparation.
• Verifying information and preparing loan packages.
• Performing calculations and basic analytical tasks.
• Operating office equipment and software applications.
• Interpret and apply information from loan documents.
• Organize and manage multiple tasks in a fast-paced environment.
• Communicate effectively both orally and in writing.
• Work independently and collaboratively.
• Handle stressful situations and provide customer service.
• Maintain effective working relationships.