SUMMARY
The Loan Assistant provides administrative support to the loan department by assisting in the processing, documentation, and servicing of loans. This role is essential in ensuring the smooth operation of the loan process, from loan application to approval, funding, and servicing. The Loan Assistant works closely with loan officers, processors, and other team members to ensure that all loan documentation is accurate, complete, and compliant with regulatory requirements. The position requires attention to detail, strong organizational skills, and the ability to provide exceptional customer service.
ESSENTIAL DUTIES
• Assist in preparing loan documentation, including loan applications, promissory notes, and disclosures.
• Ensure that all required documents are accurately completed, signed, and stored.
• Review loan applications for completeness and accuracy before submission to the loan officer for further processing.
• Coordinate with borrowers and loan officers to ensure that necessary documentation (e.g., income verification, credit reports, property appraisals) is obtained and submitted.
• Input loan data into the loan management system, ensuring accuracy and completeness.
• Update loan files with relevant information, including status updates, additional documents, and payment records.
• Ensure that all loan files (both electronic and paper) are maintained in compliance with bank policies and regulatory standards.
• Track loan applications throughout the approval process, ensuring that all documentation is provided and required conditions are met.
• Coordinate the preparation and execution of loan documents during the closing process.
• Ensure timely delivery of loan funds and ensure that loan documents are filed appropriately.
• Communicate effectively with borrowers regarding required documentation, timelines, and next steps in the loan process.
• Assist with processing late payments, missed payments, and other loan servicing issues, escalating to the appropriate team members when necessary.
• Ensure that required loan disclosures are provided to borrowers in a timely manner.
• Provide general administrative support to the loan department, including filing, copying, scanning, and emailing documents.
• Assist in preparing reports on loan performance, application statuses, and other key metrics.
SECONDARY DUTIES
The Loan Assistant performs duties specific to the position and other functions as assigned.
RESPONSIBILITIES
• Ensure compliance with all bank policies and procedures, as well as all applicable state and federal banking regulations.
• Treat people with respect, keep commitments, inspire the trust of others, work ethically and with integrity, uphold the bank’s values, and accept responsibility for one’s own actions.
• Demonstrate knowledge of and adherence to EEO policy, show respect and sensitivity for cultural differences, educate others on the value of diversity, promote a working environment free of harassment of any type, and value a diverse workforce.
• Follow policies and procedures, complete tasks accurately and on time, support the bank’s goals and values, and benefit the bank through outside activities.
• Perform the position safely, without endangering the health or safety of yourself or others, and report potentially unsafe conditions to management. Comply with occupational safety and health standards and all rules, regulations, and orders issued pursuant to the OSHA Act of 1970 that are applicable to one’s position at the bank.
• Possess and maintain a current driver's license and a vehicle with appropriate insurance coverage. Both are required to drive while performing assigned duties and responsibilities.
• Possess and maintain adequate skills in computer operation, including email, word processing, spreadsheet, and specialty software programs.
• Possess and maintain adequate typing skills to meet the needs of the position.
• Possess and maintain adequate math skills to meet the needs of the position. This may include the ability to count currency and coin, calculate interest, balance accounts, add, subtract, multiply, and locate routine mathematical errors.
• Practice effective and efficient organizational and time management skills.
• Be able to work with general supervision while performing duties.
• Use effective oral, written, and interpersonal communication skills. This includes the ability to apply common sense when carrying out instructions, interpreting documents, understanding procedures, writing reports and correspondence, and speaking clearly to customers and employees.
• Be able to deal with routine problems involving multiple facets and variables in standardized situations.
SUPERVISOR RESPONSIBILITY
The Loan Assistant is not responsible for the supervision of any employee(s).
ENVIRONMENT, PHYSICAL & MENTAL DEMANDS
The environment for this position is primarily a non-confined office-type setting in which employees are free to move about at will. This environment may include some minor annoyances, such as noise, odors, drafts, temperatures, etc.
Physical demands include writing, typing, speaking, listening, lifting (up to 25 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception, and adjusted focus), sitting, walking, standing, squatting, kneeling, and reaching.
Mental demands include analytical reasoning, reading and understanding documents or instruments, performing detailed work, following directions, problem solving, providing effective customer or employee communication, performing accurate math calculations, understanding language, engaging in effective verbal and written communication, enduring stress, conducting multiple concurrent tasks, and withstanding constant interruptions.
Physical and mental demands also include correct usage of the following equipment: telephones, cellular phones, copy and fax machines, adding machines or calculators, encoders, money counters, credit card terminals, postage machines, cash recyclers, vaults, computers, and related printers.
Work environment characteristics, physical demands, and mental demands are representative of those an employee encounters while performing the essential functions of this job and represent the knowledge, skill, and/or ability required to perform the job in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.
