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Bank Loan Processor/Loan Administration Associate TH
Babich & Associates
2021-12-03 07:32:02
Dallas,
Texas,
United States
Job type: fulltime
Job industry: Banking & Financial Services
Job description
LOAN PROCESSOR
Reports To: Loan Operations Manager, Hours: 8 a.m. - 5 p.m.
BASIC FUNCTION
Responsible for reviewing bank loan documents for all correspondent loans, prior to booking in the loan system; assures accuracy of documents to bind and protect the Bank's interests. Process payment and advance request according to advices received.
MAJOR DUTIES / ACCOUNTABILITIES
BASIC FUNCTION
Responsible for reviewing bank loan documents for all correspondent loans, prior to booking in the loan system; assures accuracy of documents to bind and protect the Bank's interests. Process payment and advance request according to advices received.
MAJOR DUTIES / ACCOUNTABILITIES
- Understand credit presentations as they relate to documentation and collateral issues. Must be able to review and comprehend credit structure, documentation and collateral on loans including, but not limited to, stock secured, real estate secured and lines of credit
- Ensure compliance with policies and procedures, related to loan documents
- Authorize loan funding based upon established Loan Operations procedures
- Generate posting sheets, wire instructions and funding advice, ensuring that all transactions are balanced; post transactions to the general ledger
- Review authorization of disbursement prior to wiring funds up to authorized limits and crediting demand deposit accounts.
- Using appropriate coding, input pertinent information from the loan package into the tickler system
- Review daily reports from the bank's data system, as a back-up to the Loan Operations Assistant Manager
- Develop and produce loan reports from the bank's internal data system, utilizing such tools as Crystal Reports
- Ensure that all internal and external customer service calls are responded to in a timely manner
- 2 - 4 Years Loan Operations experience, in all phases of Lending preferred
- 1 - 3 Years loan accounting experience preferred
- Working knowledge of business law (corporate, partnership, joint venture, etc. structure) preferred
- Working knowledge of financial statement requirements preferred
- Intermediate PC skills with some proficiency in Excel and Word
LOAN ADMINISTRATIOIN ASSOCIATE
Responsible for data entry review of loan transactions; including new loan input, payments, advances, and financial adjustments, as well as, input and maintenance of loan documents to the bank imaging system.
MAJOR DUTIES / ACCOUNTABILITIES
MAJOR DUTIES / ACCOUNTABILITIES
- Ensure that all internal and external customer service calls are responded to in a timely manner
- Daily reconcilement of all loan general ledger and DDA accounts
- Review and correct all unposted items related to loan processing
- Distribute reports to appropriate parties including, but not limited to past due and exception reports
- Mail out billings and other correspondence to customers and branches including, but not limited to participation advices
- Scan and maintain all loan documents to the bank's imaging system ensuring integrity of all images
- Maintain credit and collateral files according to established procedures including purging and filing of documents
- Serve as a backup to the loan processor function during times of high volume
- Quality Check the Loan Operations Specialist input of Financial Exception Tracking
- Control and maintain a secure environment for document files, original notes and collateral for all loans serviced by Loan Operations
- Ensure that department supply levels are maintained; maintain vendor repair files and ensure that maintenance and repair work is completed
- High school diploma or equivalent required
- 2 - 4 years of general administrative experience preferred
- 1 - 3 years of general accounting experience preferred
- 10 key by touch preferred
- General knowledge of financial statements including, but not limited to, basic understanding accounting and debits and credits preferred
- General knowledge of loan documentation preferred
- Software: Microsoft Office (Word and Excel); Eastpoint; Phoenix
Both Temporary Positions are located in the Addison/Las Colinas area at 635 and Luna Road and pays $21 an hour. Please submit your resume to or call: