Senior Consumer Loan Processor
Job Description Burke & Herbert Bank is a growing financial services company focused on making meaningful investments in our clients, employees, and shareholders. Established in 1852, we are proud to be the oldest bank in the Washington, DC region. We have a long, successful track record of serving generations of individuals, families and businesses across the area and are deeply invested in the welfare and prosperity of the people who live here. To help us attract the best and brightest individuals, we offer outstanding benefits including: * Competitive compensation package * Excellent family medical, dental, vision, and other insurance benefits * Generous PTO & Holidays * Work/Life Balance Initiatives * 401k with Employer Match * Educational Assistance Summary/Objective The primary function of the Loan Processor/Closer is to produce loan documents, schedule loan closings, fund the loan and ensure the timely and accurate packaging of all loan files originated by the Bank's Relationship Managers. He or she is responsible for checking, sorting and compiling data relevant to pending loan files and ensures that all necessary information and documentation is included in the loan file prior to closing. The Loan Processor/Closer will also review all loan files after the loan has closed to ensure that all documentation has been properly signed. Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Reviews loan file to verify that loan request has been completed with all necessary loan information (such as amount, term, interest rate, loan purpose, etc.) and that all necessary and proper approvals have been obtained; determines conditions that must be met prior to closing. Advises Relationship Manager or Customer Banking Assistant of any documentation or information that is missing from the loan file, loan request or application. Inputs and enters loan information into Bank's software (ComplianceOne). Prepares commitment letter if necessary. Contacts specified Bank vendors or other third-parties to request and obtain flood certifications, title commitments or bringdowns, insurance certificates, good standing certificates, judgment searches, UCC searches and the like. Reviews all documentation and search results obtained from Bank vendors or other third-parties and initiates any corrections to be made if necessary. Will notify the Relationship Manager as to any issues or discrepancies. Verifies that all real estate taxes have been paid with appropriate government authorities (if applicable). Communicates with Bank personnel or Bank vendors to determine when appraisals or environmental due diligence items are to be received (if applicable); calculates loan-to-value ("LTV") for collateral property and verifies all reports as being properly cleared. Records data on status of loans and supporting documentation and maintains log of pending loans for Loan Operations Management & Relationship Manager. Prepares correspondence such as Closing Instruction Letters and Flood Zone Notifications. Produces a set of closing loan documents and submits completed loan file to the review department to be cleared for closing. Schedules the loan closing and funds the loan. Reviews all loan packages after closing to confirm that all loan documents have been properly executed. Performs any additional duties or activities assigned by Loan Operations Management & Relationship Manager. Other Duties Responsible for complying with department procedures as documented within the BSA Compliance Program Operating Manual. Responds on a timely basis to information requests received from BSA Officer. Responsible for attending BSA related training sessions, as appropriate and directed by the BSA Officer. Manager provides regular feedback regarding BSA Expectations and Performance. Skills/Abilities Strong communication skills, both oral and written. Ability to understand banking products and Burke & Herbert Bank & Trust Co. loan policies. Interpersonal skills. Ability to work in a team and or independently with little supervision. Ability to multitask. Detail oriented. Education and Experience Associates degree in business, or related field or the equivalent in related work experience required. Five years' of experience in loan operations and/or documentation preparation. Strong computer skills in Microsoft Office, Excel and ComplianceOnce experience is a plus. Supervisory Responsibility This position has no supervisory responsibilities. Work Environment This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer. Physical Demands This position requires manual dexterity, the ability to lift files and opening cabinets. This position requires bending, stooping or standing as necessary. Travel Travel may be required for this position.