Loan Processor

Auburn, Washington

Job ID: 56298 Industry: Operations/Administrative

Position:                             Loan Processor

Department:                        Lending

Location:                            TBD

Supervisor:                         Loan Manager

Supervises:                         N/A

FLSA:                                This is a non-exempt position.

Summary: Enters residential, commercial, and consumer loan data into Auburn Bank automated underwriting systems.  Verifies loan documents for accuracy; prepares loan files for underwriting.

Job Requirements:
  • Good understanding of bank products and services with emphasis on loan products.
  • Experience and/or training with computer systems, preferably desktop or other automated loan processing and underwriting systems.
  • Experience or training in loan processing or lending is desirable.
  • High school diploma or equivalent.
  • Good interpersonal skills.

Essential Job Functions:
  • Receives loan applications with supporting documentation and loan narrative from Loan Officers.
  • Puts all documentation in proper order in loan file.
  • Verifies accuracy of loan application data and enters data into loan processing system(s).
  • Generates and mails letter to loan applicants for additional information/documentation if needed.
  • Works closely with Loan Officers throughout the loan process.
  • Orders credit reports, appraisals, VOEs, VODs, title reports, etc.; reviews and sends to appropriate people; saves document in appropriate drive on computer.
  • Prepares and assembles loan documentation for underwriting.
  • Creates and updates loan log information on computer.
  • Submits appropriate paperwork for commitment letter.
  • Assists Loan Officers with the elimination of loan conditions subject to loan approval.
  • Runs LRR’ s and gets V VOE’ s when requested from Closer; makes updates and ensures appropriate staff receive paperwork.
  • Tracks and sends out letters to borrowers nearing the end of their construction period to collect refinancing into permanent loan paperwork.
  • Processes loan conversions from construction to permanent financing.
  • Completes modification request form and collects all documentation needed for the extension of construction loans; emails to appropriate people.
  • Prints color photos of inspections done by LO on delinquent loans.
  • Maintains knowledge of local, state, and federal lending disclosure requirements.

Other Requirements:
  • Ability to communicate on a telephone.
  • Ability to speak, read, and hear.
  • Ability to sit for long periods.
  • Ability to type/word-process.    
  • Ability to multi-task.

Melissa Peterson

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