Loan Closing Processor
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At a glance
Job overview
Stock Yards Bank & Trust is hiring a Loan Closing Processor. The Loan Closing Processor assists in the documentation process for the bank’s loan documents, reviews closing packages, tracks CRA and HMDA data, and supports commercial and retail bankers by collecting due‑diligence items and handling special projects as needed.
Key focus areas include Prepare and process loan documents ensuring accurate collateral documentation, Track CRA and HMDA data using the bank’s documentation software, and Answer telephone and email inquiries regarding closing procedures and due diligence.
Important skills include Microsoft Word, Excel, Typing Speed 50 Wpm, HMDA Knowledge, CRA Knowledge, and Reg O Knowledge.
Skills & qualifications
Skills
Qualifications
Full job description
Compensation
$
Hours Per Week
40
Number Of Positions
1
Job Description
Job Title: Loan Closing Processor
FLSA Status: Non-Exempt
Department: Loan Operations
Hours of Operation: Monday – Friday, 8:00am – 5:00pm
General Job Summary:
Assist in the documentation process for the Bank’s loan documents. Review of closing packages including Lease and Letters of Credit requests that are prepared within the department. Tracks Community Reinvestment Act Data for all loans. Assists Commercial, Private Bankers, Small Business Bankers and Retail Officers and their corresponding support staff in performing and collecting all due diligence items on loans. Assists Loan Closing Manager with special projects as needed.
Organizational Duties and Responsibilities:
Supports the mission, vision and philosophy of the Bank. Complies willingly with all organizational policies and procedures.
Supports all functions that maintain compliance with regulatory agencies.
Essential Duties and Responsibilities:
Prepares and processes all related loan documents with attention to accurately securing all types of collateral by working with Lenders and their support staff to obtain the necessary information to accurately document those loans in compliance with loan policy, credit approvals and regulatory laws
Tracks CRA and HMDA data on the Bank’s documentation software
Answer questions via telephone or email regarding proper closing procedures, due diligence, etc.
Performs a closing quality review of loans prepared by employees and other teammates within the department which indicates any missing items or errors via the use of the Bank’s Documentation Checklist. This is done with a high level of concentration on preventing and eliminating policy and regulatory documentation exceptions
Pre-closing organization of electronic loan files, vendor orders and obtaining good standing verifications from applicable Secretary of State for every business / commercial loan documented
Responsible for continuing education and training via the use of the Bank’s computer-based training classes and other classes and seminars as assigned by Department Manager
reviews legal work from attorneys for Lenders as requested and Flood Certification to ensure compliance
Performs UCC Searches
Other duties as assigned
Working Conditions: Works in an office setting using a computer and various programs; occasional visits to other areas within the Ban
Minimum Job Requirements:
Education: High School Diploma or GED
Experience: Minimum of 1 year’s banking experience with Stock Yards Bank within the Commercial Loan Documentation Department
Comprehensive Skills:
Employees are expected to represent Stock Yards Bank & Trust in a professional manner to customers and outside contacts
Must have excellent interpersonal communication skills, consisting of the ability to write and speak effectively to others
Must be a productive team player, with the ability to learn, apply training and comprehend policies and procedures
Be flexible in changing working situations and able to meet deadlines as they arise
Specific Skills:
Typing speed of 50 wpm
Familiarity with Microsoft Word / Excel
Employees should be comfortable working towards deadlines
Detail-oriented
Concentration on a team atmosphere with a high level of customer service to our lenders and their support staff
Dependability with a follow through attitude
Specialized: Knowledge of HMDA, CRA, Reg O, Reg U, Articles 5 & 9 of the Uniform Commercial Code
Physical requirements:
The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Primarily sedentary work performed in an office environment
Ability to sit for extended periods of time while working at a computer
Frequent use of hands and fingers to operate a computer, keyboard, mouse, and other office equipment
Ability to speak clearly and hear well enough to communicate with clients, team members, and vendors via phone, video, and in person
Visual acuity sufficient to read computer screens, printed documents, and financial data
Occasional standing, walking, bending, or reaching
Ability to lift and carry up to 10–15 pounds occasionally (e.g., files, office supplies)
Place of Work
On-site
Requisition ID
54364
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