Minnesota Lakes Bank is seeking a Loan Processor to perform various administrative duties involved in the processing of loans, including the preparation of more complex loans, documents, calculations, filing, recordkeeping, and proofreading. In addition, this position is responsible for investigating, documenting, and maintaining credit histories for customer accounts.
To perform this job successfully, the individual must be able to satisfactorily perform each essential duty listed below:
Perform a Variety of Loan Processing Duties
- Assist with obtaining required information for loan applicants regarding appraisals, credit reports, title work, payoffs/subordinations, flood certification, tax transcripts, homeowner’s insurance, and any other pertinent information necessary for the loan file
- Process and verify documents received for loans and update files/systems per the information
- Input and update required customer information into loan origination software
- Upload loans from loan origination software
- Assist with preparing closing documents or requests
- Assist post-closing with follow up on missing or incorrect documentation when needed
- Answer questions from loan officers and customers pertaining to loans in process, potential loan requests, and general information
- Completes and prints appropriate disclosures for all loan applications, and works with loan officer to deliver in timely fashion to applicant
- Assist loan officer in requesting and following up on missing documentation
- Assist in arranging/coordinating loan closings with lender, title closer, loan officer, borrowers, and realtors
- Gather and deliver appropriate documentation to compliance department for tracking and reporting
- Perform any other duties as requested by management to assist other departments, as necessary
- Follow up on receipt of final title policies and recorded mortgages and deliver to final lender
- Scan/upload documents into archive system
- Track insurance to ensure collateral has coverage
- Prepare/provide monthly reporting to the SBA for qualifying SBA loans
- Check loan documentation uploaded into the core system to ensure accuracy
- Release collateral when loan is paid off & send correspondence to customer
- Pay invoices associated with closed loans
- Assist with escrow loans, process insurance & tax disbursements and conduct annual analysis
- Serve as back up for other functions in the department
Perform Other Job-related Duties or Special Projects as Assigned
Work Remotely
Minnesota Lakes Bank offers a friendly work environment and a competitive compensation and benefit package. If you feel you are the ideal candidate and you would like to join the MNLB team, please submit your resume for consideration for this position or visit the Minnesota Lakes Bank website for additional information.
Equal Opportunity Employer
Job Type: Full-time
Pay: $23.00 - $35.00 per hour
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Ability to Relocate:
- Delano, MN 55328: Relocate before starting work (Required)
Work Location: In person
