Stillman Bank · 3 months ago
Consumer/Commercial Loan Processor - Roscoe
Roscoe,IL,US
Full-time
Onsite
New Grad, Entry Level
$19/hr - $26/hrStillman Bank is seeking a Consumer/Commercial Loan Processor who will provide superior customer service by efficiently packaging loan files. The role involves supporting lenders, maintaining compliance, and ensuring timely processing of loan documentation.
BankingFinancial Services
Responsibilities
Provides administrative and operational support to lending personnel, and serves as a point of contact for customers during all stages of the loan approval process
Orders, gathers and organizes all required supporting documentation needed to assemble a loan file in a consistent manner according to bank procedures
Produces loan documents using current software, verifying the accuracy of the information contained within and assisting in identifying any inconsistencies with the information
Works with system providers to utilize applications to the appropriate capacity; prepares for periodic updates to system software, and verifies that enhancements are functioning correctly
Maintains current working knowledge of all bank loan policies and applicable regulations affecting the bank’s credit practices
Reviews loan documentation to ensure compliance with all applicable regulations and bank policies
Maintains and tracks loan files to assure any pending or outstanding documents are addressed properly and in a timely manner
Submits properly documented loan files to appropriate lenders
Coordinates various projects under the guidance of the Chief Credit Officer to help advance departmental initiatives
Produces reports as required including, but not limited to, monthly loan delinquency reporting and other information that is reviewed at a senior management or Board level
Assists the Loss Mitigation department in meeting prescribed mortgage servicing requirements for our secondary market loans
Provides ancillary support to the Loan Accounting area with the bank’s monthly investor accounting activities related to our Freddie Mac portfolio
Organizes periodic training activities for lenders and credit staff in order to improve performance and keep pace with industry changes
Acts as a liaison between the processor group and loan review/credit quality in order to resolve issues, correct errors, or obtain missing documentation
Prepares written correspondence to customers as required
Performs post-closing functions, including processing loan advances and payments, and mailing paid notes, releases and titles on loans paid in full
Prepares for the renewal cycle on existing loans nearing maturity
Meets delivery deadlines and productivity targets
Assists in the accurate collection and reporting of compliance data
Maintains appropriate departmental files
Protects the confidentiality of information that flows through the Credit Department
Performs other duties and provides support in any manner requested
Qualification
Required
Relevant banking experience in a similar position is required
High degree of organizational and multi-tasking ability
Strong familiarity with loan documents and financial statements
Strong computer software and data entry skills, particularly Excel and Word; the ability to quickly adapt to other specialized software applications and comfort using the internet as a research and working tool
Strong basic math skills
Strong communication abilities, both verbal and written
Ability to work productively and independently, demonstrating strong analytical skills and attention to detail while needing limited supervisory overview
Ability to recognize issues of significance and prioritize work
Preferred
Education beyond high school is desired. Post-secondary degree in a business-related discipline is encouraged
Benefits
Paid time off is available up front, including paid vacation time, paid flex (personal) time, paid volunteer time off, and 11 paid holidays.
We partner with Blue Cross Blue Shield of Illinois to offer 2 health plans, dental insurance, and vision insurance.
The bank pays for short-term disability, long-term disability, and life insurance on your behalf.
You can purchase additional life insurance for yourself, a spouse, or dependents at a group rate.
Discretionary 401k match and profit-sharing contributions are made on your behalf once you have met the eligibility requirements.
Company
Stillman Bank
Stillman Bank is a local, independently-owned community bank founded in 1882 and has been meeting the financial needs of our customers in northern Illinois for more than a century.
Founded in 1882
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase