Job Description
First Century Bank is seeking an individual in the role of Loan Operations Specialist to join our Commerce, Georgia team. This individual will be responsible for contributing to the Loan Operations team, supporting the lending function ensuring documentation compliance with regards to all lending products. This individual will process and complete a loan package for construction, commercial and retail loans upon receiving a loan package request from the lending staff. Loan processing includes operation of the Jack Henry Silverlake system, verification of all collateral documentation in file, obtaining necessary collateral information not in file, verification of lending limit authority or committee approval and verification of collateral value. Verify that required documentation has been completed as appropriate to ensure compliance with all applicable regulations.
Loan File Preparation Duties
• Receives all loan requests for new or renewed loans. Verifies that the proper approval has been obtained for the request. Prepares the appropriate documentation needed for the loan request and submits to the lender for closing. Also, documents any policy or procedure exceptions. Adds new and renewed loans to the bank's core processing system.
• Assists lenders in obtaining all necessary collateral information needed for "new" loan requests and verifies all collateral documentation in file for renewal transactions.
• Works with attorney to ensure receipt and possession of all necessary loan documentation, to ensure completeness and accuracy for processing and compliance.
• Demonstrated expertise in TRID loan processing, providing expertise to the organization on the steps necessary for TRID compliance.
• Process all loan denials which includes:
• Verification of compliance guidelines for applications and Notice of Action Taken.
• Preparation and mailing Notice of Action Taken to customers within 30 days of the date of the application.
• Follow up for scanning of document and delivery to compliance officer.
• Prepares all documents required to perfect the bank's lien and position on all collateralized loans and prepares all other necessary documentation to complete the loan transaction. Prepares necessary monthly loan reports.
• May complete some or all of the following departmental duties: Opening, and processing payments; pull credit reports, filing, scanning, and other duties as appropriate.
• Orders appraisals and flood determinations
• Updates and maintains the letter of credit log and posts entries. Monthly, sends the letter of credit report to the appropriate personnel.
• Any loans that are participated with another institution, individual must add loans to the system, make necessary entries and the entire package must be copied and provided to the participating bank.
Construction Draws (as Backup)
• Prepares construction advances each week. Compiles a list of draws requested, sends to inspector for additional information. Inspector returns with necessary information, then Construction Specialist then processes the draws for distribution at the end of each week.
Other
• Performs such other duties as may be assigned or which inherently or logically belong with the position.
• Exemplify FCB's values while carrying out its mission and organizational goals and priorities.
Associates degree and greater than 3 years of related experience and/or training; or equivalent experience and education. Qualified individuals will have prepared and managed consumer, commercial and construction loans. Qualified individuals will demonstrate an outstanding level of detail and precision in the preparation of documentation and following procedures.
First Century Bank is an equal opportunity employer. It is the Company's policy to provide equal employment opportunity to all qualified persons without regard to race, color, sex, gender, religious creed or religious beliefs, age, national origin, physical or mental disability, pregnancy, military or veteran's status, marital status, ****** orientation, or any other category protected by state or federal law.
Loan File Preparation Duties
• Receives all loan requests for new or renewed loans. Verifies that the proper approval has been obtained for the request. Prepares the appropriate documentation needed for the loan request and submits to the lender for closing. Also, documents any policy or procedure exceptions. Adds new and renewed loans to the bank's core processing system.
• Assists lenders in obtaining all necessary collateral information needed for "new" loan requests and verifies all collateral documentation in file for renewal transactions.
• Works with attorney to ensure receipt and possession of all necessary loan documentation, to ensure completeness and accuracy for processing and compliance.
• Demonstrated expertise in TRID loan processing, providing expertise to the organization on the steps necessary for TRID compliance.
• Process all loan denials which includes:
• Verification of compliance guidelines for applications and Notice of Action Taken.
• Preparation and mailing Notice of Action Taken to customers within 30 days of the date of the application.
• Follow up for scanning of document and delivery to compliance officer.
• Prepares all documents required to perfect the bank's lien and position on all collateralized loans and prepares all other necessary documentation to complete the loan transaction. Prepares necessary monthly loan reports.
• May complete some or all of the following departmental duties: Opening, and processing payments; pull credit reports, filing, scanning, and other duties as appropriate.
• Orders appraisals and flood determinations
• Updates and maintains the letter of credit log and posts entries. Monthly, sends the letter of credit report to the appropriate personnel.
• Any loans that are participated with another institution, individual must add loans to the system, make necessary entries and the entire package must be copied and provided to the participating bank.
Construction Draws (as Backup)
• Prepares construction advances each week. Compiles a list of draws requested, sends to inspector for additional information. Inspector returns with necessary information, then Construction Specialist then processes the draws for distribution at the end of each week.
Other
• Performs such other duties as may be assigned or which inherently or logically belong with the position.
• Exemplify FCB's values while carrying out its mission and organizational goals and priorities.
Associates degree and greater than 3 years of related experience and/or training; or equivalent experience and education. Qualified individuals will have prepared and managed consumer, commercial and construction loans. Qualified individuals will demonstrate an outstanding level of detail and precision in the preparation of documentation and following procedures.
First Century Bank is an equal opportunity employer. It is the Company's policy to provide equal employment opportunity to all qualified persons without regard to race, color, sex, gender, religious creed or religious beliefs, age, national origin, physical or mental disability, pregnancy, military or veteran's status, marital status, ****** orientation, or any other category protected by state or federal law.
💡 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 Commerce 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.
