Locus · 2 months ago
Loan Operations Specialist
Richmond,VA,US
Full-time
Onsite
Mid Level
$47K/yr - $57K/yr
3+ years expLocus is a nonprofit organization focused on providing equitable access to capital for community development. The Loan Operations Specialist will be responsible for booking and verifying loans, maintaining loan documentation, and assisting customers with loan-related inquiries.
CommunitiesFinancial Services
Responsibilities
Book and verify new loans, renewals, modifications, letters of credit and guidance lines of credit for commercial lending
Book and verify new SBA loans
Post-closing loan review
Arrange loan ACHs
Post payments, draws, and principal reductions
Edit loans booked to loan platform for accuracy
Participation loan processing both purchased and sold
Clear loan unposted transactions
General loan account questions/research
Execute recording/release of applicable documents
Document exception tracking/reporting
Update adjustable rate on all loan accounts
Balance multiple general ledger loan clearing accounts
Scan, index, and verify loan files to core system accurately
Filing of all physical loan files
Scanning trailing documents and filing them in the appropriate loan file
Work closely with the lenders and auditors to retrieve files for review
Releasing collateral on loans such as UCC's, Titles, and Deeds of Trust
Sending paid loan documents to customers
Segregating and storing the paid off loan files
Process loan payoffs to include collateral releases
Filing of UCC Continuations
Review exception reports to ensure that proper insurance coverage is maintained
Coordinate force placed insurance coverage when necessary
Assist External and Internal Customers with questions or issues as they arise related to Loans
Serve as back-up for semi-annual USDA Report
Review and update monthly Loan Tickler Report
Review and update daily Loan Payment Report
Review and update monthly Post Closing Exceptions Report
Review and update monthly UCC Continuation Report
Review and update weekly SBA Payment Report
Serve as backup for daily File Maintenance Report
Review and update monthly Closed Loan Report
Serve as backup for the weekly Purchased Participation Report
Serve as backup for the Interest Due Review Report
Backup for Operations personnel
Perform other duties as directed
Qualification
Required
Minimum high school diploma and 3 to 5 years of experience in a commercial bank lending environment
Knowledge of accounting is a plus
Well-developed organizational and decision-making skills, adaptability to changing priorities
Ability to meet deadlines and oversee multiple responsibilities simultaneously
Able to set one's schedule and execute according to a plan, seeking effective and efficient results
Ability to communicate in a clear, comfortable, and confident manner
Communicate effectively and in a way that supports teamwork
Demonstrate ability to write in a clear, concise and organized way
Excellent Word, Excel, and Windows file management skills mandatory
Demonstrated web research skills
Familiarity with Outlook, Teams, or similar network-based email and calendar software
Benefits
Annual bonus opportunity
18-days of PTO per year
13-paid holidays per year
Medical, dental, vision, short- and long-term disability insurance
Life Insurance
Paid Family Leave options
401k savings plan with employer match
Company
Locus
We create equitable access to capital by developing community partnerships and innovative tools that tackle systemic challenges and advance promising opportunities.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$16.46MKey Investors
Community Development Financial Institutions Fund
2022-04-10Grant· $4.71M
2014-12-24Debt Financing· $11.48M
2014-05-13Debt Financing· $0.28M
Leadership Team
Caroline N.
Chief External Affairs Officer
Tammy Jackson
Chief Human Capital Officer
Company data provided by crunchbase