PointBank · 2 weeks ago
Loan Operations Processor
Pilot Point, TX
Full-time
Onsite
New Grad, Entry Level
$17/hr - $20/hrPointBank is a financial institution seeking a Loan Operations Processor to promote and facilitate the sale of bank products. The role involves processing, closing, funding, and servicing consumer and commercial loans while ensuring compliance with regulatory requirements.
Financial Services
Responsibilities
Promote, market, and facilitate the overall sale of products of the bank
Perform the duties related to processing, closing, funding and servicing of consumer and commercial loans
Monitor the closing of loan relationships and make sure loans are closed in timely, organized fashion while maintaining compliance with regulatory rules and laws as well as bank policy
Identify and take advantage of opportunities to promote and refer bank products and services to satisfy customers’ financial needs and goals and direct them to the appropriate staff
Follow policies and procedures to facilitate processing for all non-real estate (commercial, construction, residential, etc), commercial equipment, and aircraft loans and complete all transactions in unison with loan officer; be a liaison between Loan Officer and Loan Operations
Facilitate processing and loan document preparation for all consumer and commercial non-real estate loans
Ensure that all required documentation is present in the loan request as contained in the consumer/commercial request checklist
Booking of consumer and commercial loans/make entries
Funding control-Verify exception approvals/entries prior to release of loan for booking
Prepare and give to the SVP/Sr. Credit Officer the booking checklist within 72 hours of booking
Ensure that necessary approval has been obtained and scanned with the loan file
Complete Floor Plan draws and/or extensions
Prepare renewals, extensions and modifications
Verify data input on new and renewed loans
Verify collateral hold input for all locations
Track negotiable collateral valuations
Assist in preparation of loan portion of the monthly Board reports
Process E-OSCAR and credit bureau disputes
Maintain activity & floor plan logs
Maintain a productive work flow and work as a member of a professional team
Scanning and verifying loan files and any other documentation, as needed, in imaging system
Set-up and monitor loan documentation exception tracking and clearing
Collateral maintenance; processing vehicle title registrations and filing UCC Financing Statements/Continuations
Insurance tracking and monitoring
Process insurance payments from escrowed accounts
Process construction draw/advance requests on loans/lines of credit
Quote and process loan payoffs
Process closed loans, to include preparing lien releases and mailing documentation. Review lien releases prepared by others
Balance and Reconcile assigned General Ledger accounts
Process any participation advances or payment requests
Process monthly payments for all purchased loans
Cross train in all areas of the department and rotate duties periodically. Train on new tasks as they are assigned to the department
Troubleshoot and provide assistance to employees/customers on any inquiries, customer service issues, disputes, etc
Assist in writing and updating procedures
Attend all meetings and complete all training required to ensure regulatory compliance
Comply with all applicable Federal and State regulations and guidance associated with the performance of your job function
Comply with all applicable BSA/AML/OFAC policies and procedures associated with the performance of your job function, including participation in required training and identifications of suspicious activity
Responsible for making suggestions to improve branch/departmental operations and overall bank
Perform other duties and assignments within the bank at Management’s request; accept periodic cross-training, works in other branches if needed
Qualification
Required
Perform the duties related to processing, closing, funding and servicing of consumer and commercial loans
Monitor the closing of loan relationships and make sure loans are closed in timely, organized fashion while maintaining compliance with regulatory rules and laws as well as bank policy
Identify and take advantage of opportunities to promote and refer bank products and services to satisfy customers' financial needs and goals and direct them to the appropriate staff
Follow policies and procedures to facilitate processing for all non-real estate (commercial, construction, residential, etc), commercial equipment, and aircraft loans and complete all transactions in unison with loan officer; be a liaison between Loan Officer and Loan Operations
Facilitate processing and loan document preparation for all consumer and commercial non-real estate loans
Ensure that all required documentation is present in the loan request as contained in the consumer/commercial request checklist
Booking of consumer and commercial loans/make entries
Funding control-Verify exception approvals/entries prior to release of loan for booking
Prepare and give to the SVP/Sr. Credit Officer the booking checklist within 72 hours of booking
Ensure that necessary approval has been obtained and scanned with the loan file
Complete Floor Plan draws and/or extensions
Prepare renewals, extensions and modifications
Verify data input on new and renewed loans
Verify collateral hold input for all locations
Track negotiable collateral valuations
Assist in preparation of loan portion of the monthly Board reports
Process E-OSCAR and credit bureau disputes
Maintain activity & floor plan logs
Maintain a productive work flow and work as a member of a professional team
Scanning and verifying loan files and any other documentation, as needed, in imaging system
Set-up and monitor loan documentation exception tracking and clearing
Collateral maintenance; processing vehicle title registrations and filing UCC Financing Statements/Continuations
Insurance tracking and monitoring
Process insurance payments from escrowed accounts
Process construction draw/advance requests on loans/lines of credit
Quote and process loan payoffs
Process closed loans, to include preparing lien releases and mailing documentation. Review lien releases prepared by others
Balance and Reconcile assigned General Ledger accounts
Process any participation advances or payment requests
Process monthly payments for all purchased loans
Cross train in all areas of the department and rotate duties periodically. Train on new tasks as they are assigned to the department
Troubleshoot and provide assistance to employees/customers on any inquiries, customer service issues, disputes, etc
Assist in writing and updating procedures
Attend all meetings and complete all training required to ensure regulatory compliance
Comply with all applicable Federal and State regulations and guidance associated with the performance of your job function
Comply with all applicable BSA/AML/OFAC policies and procedures associated with the performance of your job function, including participation in required training and identifications of suspicious activity
Responsible for making suggestions to improve branch/departmental operations and overall bank
Perform other duties and assignments within the bank at Management's request; accept periodic cross-training, works in other branches if needed
Benefits
401(k)
401(k) matching
Dental insurance
Health insurance
Health savings account
Life insurance
Paid time off
Vision insurance
Company
PointBank
PointBank is a bank providing banking, wealth management, and investment services.
Founded in 1884
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase