Loan Processor

Job description

Overview About the Role: The Loan Processor processes and closes different types of business, consumer loans, commercial loans, and or including real-estate secured loans. Responsible for ensuring all loan requirements are in place as required by the loan approval and the bank's loan policies and procedures, including collateral, legal, compliance and financial requirements. What You'll Do: - 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, review...