at First National Bank of Waterloo in Columbia, Illinois, United States
Job Description
Summary: Responsible for ensuring loans are processed in accordance with Federal Regulations and Bank policies. Ensures loan files are established and maintained with complete and accurate information for the purpose of processing payments and collecting fees owed to the Bank. Assists with routine customer inquiries regarding payoffs, change of ownership, note modifications, beneficiaries and other loan details.
Primary Accountabilities:
- Ensure completion of all loan processing tasks for commercial loans.
- Inputs information from loan applications and loan input sheets into processing system for processing documents.
- Requests necessary information to assist lenders in making credit decisions on loans, including verifications, credit reports, appraisals, etc.
- Updates file as requested information is received.
- Interacts with Loan Officers, customers and vendors to obtain all information necessary for processing and closing loans.
- Document renewals and modifications for all existing in house loans, including commercial and real estate loans.
- Coordinates with Loan Officers and customers for issuing closing documents. Communicates closing conditions to lenders and title companies.
- Prepares all necessary documents, funding entries, instruments, etc. for loan closing.
- Documents file appropriately to facilitate completion of final documents and loan servicing.
- Performs a post-closing compliance review to ensure all documents are returned and executed correctly for the bank’s lien/interest.
- Perfects collateral, including, but not limited to, UCC filings and continuations and lien placement on vehicles.
- Resolve problems as encountered, utilizing supervisor when needed or required.
- Other duties as assigned.