Apply on Employer Site

Compeer Financial · 3 weeks ago

Loan Processor

Mankato, MN

Full-time

Hybrid

New Grad, Entry Level

$41K/yr - $65K/yr

Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin, dedicated to providing financial services to support agriculture and rural communities. The Loan Processor will facilitate the client journey through the processing of PCA loans, serving as a point of contact and ensuring high levels of service throughout the loan life cycle.

FinanceFinancial ServicesRentalRisk Management

Work & Life Balance

No H1B

Responsibilities

Facilitates the client journey through the processing of new PCA loans, including all aspects of product delivery before, during and after closing

Serves as a client point of contact, establishing strong relationships through exceptional levels of service

Maintains a high degree of accountability throughout the loan life cycle, including aggregating and organizing all loan documentation, retaining accurate and complete electronic files, completing loan due diligence tasks, preparing loans for booking and completing post-close activities

Collaborates with the Sales Team across all Compeer locations to obtain pre-qualification information, including gathering prospect or client information (e.g. drivers’ licenses, financials, information pertaining to scope of operations, and entity documentation) necessary to qualify a loan opportunity

Works proactively with Sales across regions in order to meet tight deadlines

Prepares accurate operating and term loan documents for new loans, from the point of loan application through loan finalizing to include monitoring of closing conditions, ensuring accuracy

Serves as the Deal Champion on all submitted loans by having a broad working knowledge of Association processes and policy

Assists in following Territorial Concurrence procedures, ensuring compliance with regulations

Ensures accuracy of loan pricing and fees and document any exception approvals; prepares rate lock agreement and monitor closing deadlines

Completes loan verification requirements related to loan documents, reviews entity and trust documentation and ensures compliance with applicable regulations

Partners with respective parties to ensure loan conditions are satisfied

Provides back up support to office location, as needed, in order to meet client needs. This includes but is not limited to coverage during business hours

Approves money movement and books loans

Uses thorough understanding of chattel collateral, following up on UCC terminations or other lien releases, obtaining vehicle titles, and ensuring first lien position

Obtains assignment of indemnity as required for insurance

Maintains accuracy of the chattel tracking system and coordinate with teammates to enhance the client experience

Maintains understanding of and ensures compliance with all regulations and procedures associated with loan closing

Qualification

Loan processingCollateralAttention to detailMicrosoft WordMicrosoft ExcelMicrosoft OutlookCommunication

Required

High school diploma or GED

Entry-level experience in loan processing or similar role

Demonstrated understanding of collateral and perfecting liens

Keen eye for detail, which ensures accuracy and compliance in all loan documentation and processing steps

Strong communication skills and ability to effectively serve as a liaison between internal and external parties

Proficient in Windows environment using Microsoft Word, Excel and Outlook and ability to learn/use new systems (e.g. loan origination), applications and other related technology products