Loan Boarding I

Description

Position Summary:

The Loan Boarding position primary responsibility is to board various types of new, modified, and renewed loan requests to the bank’s core system. This position works collaboratively with loan assistants, loan officers, loan documentation and servicing specialists to facilitate smooth and timely boarding of loans. 

Major Duties and Accountabilities: 

• Takes part and embraces the Legacy Culture and gives outstanding customer service to internal and external customers.
• Board loans using loan documentation and ensure accuracy and compliance with bank policy and federal banking regulations. 
• Ensures accurate and timely file maintenance and/or adjustments of loan data in core loan accounting system. Maintains a daily record of transactions in process.
• Ensure all tracking items are set up correctly with the appropriate dates, descriptions, and tied to the corresponding loan numbers. 
• Formulate professionally written responses to incoming internal and external customer emails with accurate information and within the established timelines. 
• Comply with all bank policies and procedures regarding areas of assignment and responsibility.
• Must be knowledgeable in loan administration department processes.
• Other responsibilities as assigned.  

Requirements

Required:

• 21 years of age.  
• A high school diploma or GED equivalent.
• 5 years Banking experience required with emphasis preferred in loan operations OR 1 year banking experience required with emphasis in loan documentation and bachelor’s degree in accounting, finance, or related area.  

Preferred:

• Knowledge of FCRA, Metro2, e-OSCAR and CRRG is preferred.
• Knowledge of Farmer Mac, FSA and SBA guarantee loan products.
• Knowledge of TILA RESPA Integrated Disclosure rule.  
• Knowledge of loan terminology and elements/process required to close a loan.
• Knowledge of general banking principles and federal and/or state regulatory lending laws.