The loan documentation preparation specialist will prescreen and prepare loan documentation based upon information submitted by bank underwriters. This role works regularly to maintain service level standards in a production environment.
Essential Duties And Responsibilities
Monitors a shared email inbox for loan preparation requests for consumer loans.
Previews loan requests to ensure required doc prep information is present in the “L” drive eFolder in order to proceed with request.
Extracts consumer loan applications from loan processing software into the bank’s document prep software.
Prepares loan documents according to terms and conditions outlined and approved in the loan processing system and in accordance with all regulatory and state requirements.
Accurately assign various loan codes to support accuracy in reporting requirements.
Archive required documents from eFolder into the Synergy eSign cabinet titled “Loans in Process”. Index each document accurately.
Proof loan documents and route to an assigned quality control reviewer.
Provide loan documents to lender by email for in person closings.
Transfer loan documents to an eSign session for electronic closings. Prep documents for e-signatures on each page of each document. Sends blank set of documents by email to note department for loading.
Assists in reviewing and testing software releases.
Perform other related duties as required or assigned.
Completes required compliance and security courses as assigned within the established deadlines.
Complies with all banking industry regulations to include Fair Lending, Fair Credit, Reg. Z and Reg B.
Education/Skills
High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc. plus 2 years related experience and/or training, or equivalent combination of education and experience.
Skills needed to perform successfully in this position will include:
General knowledge of retail banking and consumer lending
Ability to proofread numbers and lending terminology
Ability to follow a specific workflow and adhere to timelines
Accurate typing and spelling
Experience in Laser Pro or a like loan document prep software is preferred.
Work Experience
Prior experience in the position of a universal banker or loan assistant where routine processes and independent thinking is required.
Physical Demands
be able to sit for extended periods of time
be able to focus on a computer monitor/screen for extended periods of time
be able to perform repetitive tasks requiring manual dexterity
Seniority level
Entry level
Employment type
Other
Job function
Finance and Sales
Industries
Banking
Referrals increase your chances of interviewing at The First Bank by 2x