Loan Documentation Review Associate

posted:
Location
Lafayette, Louisiana
Industry
Banking (Business and Financial Operations Occupations)
Job Type
Temp to Perm
Working Hours
8:00 AM - 5:00 PM
Salary
US$ 15.00 per hour
Ref. Number
S_43680
Contact
White, Maurie, Spherion
Phone
337-2690508
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Job Description

A Loan Documentation Review Associate is responsible for coordinating and processing commercial, consumer real estate, and consumer loan closings. This includes accurately gathering all necessary customer, collateral, and approval information needed for document preparation, in accordance with bank policy and regulatory requirements. Once this information is gathered and reviewed for completeness, provide accurate and timely documentation and funding. The coordination effort includes instructing, guiding, and coaching lenders, loan assistants, and retail personnel in the proper methods of gathering needed information. The LDR I position for reviewing consumer loans and commercial loans.

Responsibilities:
Performs various loan operation duties which may include one or more of the following:
1. Provides outstanding customer service to internal and external customers.
2. Gathers all necessary customer, collateral, and approval information needed to accurately document all types of loans
3. Instructs, guides, and coaches loan assistants and lenders in what is needed for closing and how to obtain it.
4. Reviews documentation and collateral on commercial and consumer/consumer real estate loans for completeness and accuracy in accordance with bank policy and regulatory requirements.
5. Prepares and delivers timely disclosure information to customers.
6. Prepares and delivers accurate loan packages to the lender/loan assistant/retail personnel in a timely fashion, as per the department?s SLA.
7. Receives scanned copies of the closed loan package. Reviews documentation for proper signature and completeness, resolving any issues with the closing staff.
8. Funds loans within 30 minutes of receipt.
9. Delivers electronic loan packages to Loan Administration for booking.
10. Provides direction and support to the loan documentation associates as needed.
11. Handles phone calls, incoming and outgoing mail for Loan Document Review group.
12. Maximize use of available time, volunteering to help wherever needed.
13. Produces documents within acceptable performance and production standards.
14. Maintains knowledge and develops professionally on a continuing basis through various training resources.
15. Assumes other responsibilities and performs routine or special duties associated with the functions of the Loan Operations Department as may be delegated by supervisor.
16. Performs other duties as assigned

Working hours: 8:00 AM - 5:00 PM

Skills:
1. High school diploma or equivalent plus additional specialized business courses
2. Previous loan processing, documentation and collateral experience
3. Must have basic typing skills including accuracy
4. Must have effective interpersonal & communication skills (written and verbal)
5. Ability to operate standard office equipment including PC, telephone, copier, fax machine, scanner
Expectations
1. Maintain a satisfactory attendance record.
2. Requires independent judgment based on knowledge gained through daily training and past experience.
3. Ability to perform in a sensitive environment, dealing effectively with confidential matters.
4. Ability to multitask, meeting deadlines under pressure.
5. Maintain a working understanding of, and comply with, bank policies, procedures and applicable banking regulations.
6. Must be able to perform duties required to meet customer service standards set for the Loan Operations Department

Education:
High School

Experience:
1-4 years

Qualifications:
1. High school diploma or equivalent plus additional specialized business courses
2. Previous loan processing, documentation and collateral experience


Apply online: www.spherion.com

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