Job Description
The Loan Operations Specialist is responsible for certain duties within the Loan Operations department. This includes but not limited to corresponding with the Loan Officer/Processor regarding loans. Processes and reviews all loan documentation and sends it to the Loan Officer for closings. Assists the VP of Loan Operations in any area of the department needed.
Responsibilities
• Deliver consistent, high-quality service to internal customers and maintain strict confidentiality in all bank matters.
• Review loan quality for the purpose of identifying potential credit and regulatory problems and ensure conformity to bank policies and procedures.
• Support VP of Loan Operations in achieving satisfactory regulatory and internal audits.
• Promptly and successfully complete all compliance training as determined. Attend department and company meetings/training which may be scheduled outside of normal work hours.
• Review all documentation in the loan files prior to processing for accuracy.
• Type loans and the supporting documentation for all loans.
• Clear any exception to any documentation.
• Upload all loans to the core system.
• Handles the force=placed insurance and monthly balancing of the general ledger.
• Maintenance of the system including extensions and modifications.
• General Ledger morning balancing and mailing statements to customers.
• Posting and balancing branch payments at the end of the day.
• Payments and draws from the mail, teller line, and lenders.
• Assists with some monthly board reports.
• Assist with the tracking of loans and working up paid outs.
• Assist the VP of Loan Operations in any area needed.
• Edits loans in the Core system.
Qualifications
• Bachelor's degree from accredited school preferred.
• 1-3 years of experience in banking preferred.
• Strong understanding of lending, deposit services, and financial products within a community banking setting.
• Strong knowledge if banking regulations and compliance standards.
• Proficient with Microsoft Office Suite or related software.
Required Skills/Abilities:
• Professional relationship with management and team members.
• Accuracy and attention to detail.
• Ability to perform tasks with reliability, quickly and accurately.
• A thorough understanding of policies and procedures pertaining to the functions within the department.
• Ability to operate and accomplish shared goals of the department and the bank,
• Ability to effectively manage time and responsibilities.
• Ability to think practices through, problem solve and share helpful information.
• Ability to prioritize multiple demands in a high-pressure environment while maintaining professionalism.
• Effectively communicate orally, in writing, and with written procedures.
Responsibilities
• Deliver consistent, high-quality service to internal customers and maintain strict confidentiality in all bank matters.
• Review loan quality for the purpose of identifying potential credit and regulatory problems and ensure conformity to bank policies and procedures.
• Support VP of Loan Operations in achieving satisfactory regulatory and internal audits.
• Promptly and successfully complete all compliance training as determined. Attend department and company meetings/training which may be scheduled outside of normal work hours.
• Review all documentation in the loan files prior to processing for accuracy.
• Type loans and the supporting documentation for all loans.
• Clear any exception to any documentation.
• Upload all loans to the core system.
• Handles the force=placed insurance and monthly balancing of the general ledger.
• Maintenance of the system including extensions and modifications.
• General Ledger morning balancing and mailing statements to customers.
• Posting and balancing branch payments at the end of the day.
• Payments and draws from the mail, teller line, and lenders.
• Assists with some monthly board reports.
• Assist with the tracking of loans and working up paid outs.
• Assist the VP of Loan Operations in any area needed.
• Edits loans in the Core system.
Qualifications
• Bachelor's degree from accredited school preferred.
• 1-3 years of experience in banking preferred.
• Strong understanding of lending, deposit services, and financial products within a community banking setting.
• Strong knowledge if banking regulations and compliance standards.
• Proficient with Microsoft Office Suite or related software.
Required Skills/Abilities:
• Professional relationship with management and team members.
• Accuracy and attention to detail.
• Ability to perform tasks with reliability, quickly and accurately.
• A thorough understanding of policies and procedures pertaining to the functions within the department.
• Ability to operate and accomplish shared goals of the department and the bank,
• Ability to effectively manage time and responsibilities.
• Ability to think practices through, problem solve and share helpful information.
• Ability to prioritize multiple demands in a high-pressure environment while maintaining professionalism.
• Effectively communicate orally, in writing, and with written procedures.
💡 Quick Summary
Seeking a career-building opportunity? The Loan Operations Specialist position is now open for candidates interested in the Bank Jobs sector. This role in Magnolia offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.