Loan Processor

Employer
MidAtlantic Farm Credit
Location
Bel Air, MD
Posted
Oct 12, 2017
Closes
Oct 16, 2017
Function
Accountant, IT
Hours
Full Time
MidAtlantic Farm Credit, ACA, an established agricultural and rural home lender has a full-time position available for a Loan Processor in our Bel Air, Maryland office.ResponsibilitiesPOSITION SUMMARY: Prepare and process loan files from application through approval in a timely and efficient manner. This will involve obtaining all necessary documentation as well as ensuring compliance with all regulatory guidelines and customer service standards. Concentration on real-estate secured transactions. Provide capacity as needed to support all areas of Loan Operations and Lending. Areas of responsibility include: Process, close, fund, and book all new loans and servicing actions according to applicable processing procedures and practices; including: Prepare commitment, notes, lien Instruments, and other general loan documents that represent what is outlined in the stamped credit package Accurate data entry of PD/LGD/Collateral Values and other data to result in a loan booking that represents what is outlined in the stamped credit package Prior to loan closing, confirm loan conditions outlined in the stamped credit package are met and filed; which may include ordering vendor searches and confirming correct lien position, and/or confirming Loan Officers collect all necessary verifications, examples include - proof of collateral insurance, signed financial statements, asset verifications, employment verifications, property appraisals, and loan to value calculations Consult and confirm with Loan Officers, Underwriters, and other involved parties (management, attorney's, etc.) to confirm loan actions are completed accurately Set up necessary post-closing follow up steps, which may include follow up on final lien documents, and/or title policies. Confirm collateral is properly identified and secured with the loan documents; which includes quality review of signatures, dates, and initials, and completing necessary follow up to have errors or omissions corrected accurately and timely Review of new or existing collateral documents to ensure and/or verify correct lien position. Communicate with loan staff to confirm accuracy of lien documents and address any discrepancies Complete accurate checks and other accounting related forms for proper funding File all related documents timely, accurately, and consistently to ensure easy reference in the future by all staff Quality checking all of your work to ensure compliance and accuracy CRM queue follow up reports worked timely, with minimal past due tasks not to exceed 5 days past due on a consistent basis Meet the target turnaround processing timelines and properly document CRM system to ensure transparent communication for Sales, Loan Operations, and future audit needs. Maintain workflow and queue maintenance according to defined workflows. Provide support when needed to Processing I team to prepare all loan or servicing actions for immediate underwriting submissions according to applicable processing workflows, procedures, and practices. Prepare and track additional information letters for resubmission to underwriting. Customer Service - provide adequate support when necessary due to absence, lunch schedule covering, etc. to ensure potential and existing customer walk-in's are met with prompt and courteous service according to policies and procedures; along with any other duties necessary for smooth branch operations Required Education Associate Degree in Accounting, Business, or Secretarial Science or equivalent experience. Required Experience Three to five years loan processing experience preferred. Other Details Detail oriented, independent judgment skills, strong organizational skills, flexible to a changing work environment, demonstrate a willingness to collaborative, possess strong written and verbal communication skills, quality and solution focused, innovative, ability to develop and work well in a team atmosphere, effectively follow up on the work of others, ability to work independently with general supervision, self-starter with ability to be assertive and arrive at sound business decisions Knowledge of computer software applications, which may include but not limited to: Adobe, MS Excel, MS Word, CRM, SharePoint, AgDocs, Accounting systems/mainframe/front end, Credit Delivery or other document generation software, report generation, vendor ordering software, and collateral database tracking Overall knowledge and willingness to continually study MAFC, AgFirst, and FCA policy and procedure manuals, and overall understanding of legal terms to ensure proper collateral positions are achieved May require work beyond normally scheduled hours with little or no advance notice to meet the organizations overall mission, goals, and objectives Travel to/from other branch offices, associations, AgFirst, or other facilities as deemed necessary Equal Opportunity Employer including veterans and individuals with disabilities.