Legacy Bank in Clive is looking for an experienced Loan Processor to fulfill the following job duties:
Act as a liaison between borrower, underwriter, loan originator and lender
Provide customer with timely and periodic status updates of their loan application
Collect required documentation from applicants and follow up on missing items
Establish, maintain, and update files, databases, records, and/or other documents for recurring internal reports
Order credit reports, title reports File System Management
Compile documents for customer files and enter intakes to Data Management System for processing and assessment
Assure that all customer files are complete and in compliance with regulatory agencies and internal policies
Ensure customer privacy, security of files and appropriate staff access Administrative Support
Prepare commitment letter(s), denial letter(s) and cancel files when necessary
Maintain pipeline report and notify management of status as needed
Process the documents received for each file, verifying the accuracy and completeness of each document.
Prepare fund request documents for wiring funds to closing.
Make recommendations for procedural changes to increase efficiency.
Other duties as assigned.
Bachelor’s Degree preferred
Must have knowledge basic lending, real estate contracts and language, foreclosure, short sales and delinquent accounts.
Ability to provide excellent customer service in person and on the phone.
Ability to handle multiple tasks and frequent interruptions
Ability to handle stressful situations with calmness and courtesy.
Ability to communicate effectively, both orally and in writing.
Excellent records and file management skills.
Knowledge and experience using MS Word, Excel, Outlook
Knowledge of basic accounting processes and procedures.
Ability to work occasional evenings and weekends. Travel to other bank locations periodically required.
Internal Number: Legacy Bank
About Legacy Bank
In our 125-year history, the Iowa Bankers Association (IBA) has been dedicated to serving Iowa banks and their employees. As the voice of Iowa’s banking industry, the Association serves more than 95 percent of banks and savings institutions in the state. The IBA and our affiliate companies – Iowa Bankers Insurance and Services, Inc. and Iowa Bankers Mortgage Corporation – provide services that allow banks to better serve their communities and the state of Iowa. The Association contributes to the success of Iowa banks by providing legislative representation, education and training opportunities, regulatory compliance assistance and a host of other services. Member banks also benefit from the insurance and mortgage and securities brokerage services offered by Iowa Bankers.