BankIowa · 2 weeks ago
Loan Doc Prep Specialist
230 1st Street East, Independence, IA, USA
Full-time
Onsite
New Grad, Entry LevelBankIowa is currently looking for a Loan Doc Prep Specialist for their Independence Office. The role involves preparing loan documentation for consumer, commercial, and agricultural loans, while providing support to various banking personnel and ensuring compliance with regulatory requirements.
E-CommerceFinancial Services
Responsibilities
Loan Document Preparation. The Loan Doc Prep area is responsible for producing consumer and commercial loan documents including but not limited to: notes, collateral documents, appraisal disclosures, regulatory disclosures, extensions, renewals, and change in terms agreements in an accurate and timely manner; communicating closely with lending officers, assistants, and personal bankers to ensure documents are prepared efficiently and accurately, and that all required documentation is in place prior to funding so that exceptions are avoided; ordering flood determinations as needed; processing adverse action notices and documentation for withdrawn applications, entering accurate HMDA data into the LOS system for loans that qualify under Reg C
Support for Credit Bureau Reporting. Handle credit disputes, work to ensure that reporting to the credit bureaus is accurate, including investigating and processing reject reports from the credit bureau agencies and conducting quarterly credit bureau reporting audits
Flood Insurance Support - Monitor any MIRE (made, increased, renewed, & extended) events that is secured by a property in a flood zone while maintaining ongoing insurance tracking, cancellations, & Force Placed insurance
Maintain good working relationship and communication with staff from all bank departments/locations
Provide assistance as needed with the functions and processes of the loan area in all office locations
Utilize bank technology to its fullest and continuously seeks ways to be more efficient and less paper driven
Employee will be responsible for completing applicable annual training as required by compliance laws, regulations, and bank policy
Comprehend and comply with all pertinent Bank Secrecy Act/OFAC/CIP policies and procedures. Complete annual training
Other duties as assigned by supervisor relating to the bank and its function including project work
Qualification
Required
Brings a positive can-do attitude and is a change leader that loves technology
Ability to understand and adhere to policies, procedures, regulations and laws for the department and the organization to protect assets and reputation of the bank
Demonstrate accuracy, thoroughness, and attention to detail to ensure quality
Competence with computers, with knowledge of MS Office, telephones, video conferencing; and other office machinery
Able to demonstrate competency, compassion and understanding while communicating verbally and in written communication
Excellent customer service skills, attentiveness, information retention, tact, and diplomacy in dealing with both customers and employees
Mathematical aptitude, plus good analytical and problem-solving skills
Versatility, flexibility, and a willingness to work with constantly changing priorities with enthusiasm
Ability to effectively train and provide feedback to employees from all departments of the bank
Able to multi-task and manage priorities and workflow
Ability to function as a team member and contribute to group goals
Able to learn and retain information related to the bank's products, services, and delivery channels
Preferred
Associates Degree preferred, however a High School Diploma or a GED with applicable job experience is also acceptable
Knowledge of loan documentation systems and software such as OpenClose, FLO or electronic signature tools is helpful
Benefits
Full Benefits Package
KSOP
Company
BankIowa
BankIowa offers a wide variety of financial products and services to assist the needs of it's customers.
Founded in 1921
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Alison Urbina
President, CEO
Brenda Lou Werner Willson
Chief People Officer
Recent News
Corridor Business Journal
2023-12-10
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