Commercial Loan Processor
Vaco - Greenville, OH
Apply NowJob Description
Vaco is hiring for a Commercial Loan Processor opportunity in Greenville OH. This is a direct hire position that is onsite. Summary:Enter loan data, and/or verify loan data input by Loan Originator, using Loan Origination System. Obtain or verify: appraisals, flood certification and underwriting documents and title exams. Assemble and verify all documents for accuracy. Produce closing documents in forms system. Board closed loans into bank Core system. Work directly with Loan Originators, appraisers, attorneys, realtors, insurance agents and contractors. Oversee the commercial loan servicing of closed loans.Specific Job FunctionsMain contact for Loan Origination software (Abrigo) with respect to loan documentation prep (LaserPro)Review application submitted by Loan Originator to understand transaction.Meet weekly with commercial Loan Originator team to discuss and manage current pipelineObtain Flood Determination if applicableOrder Appraisal; deposit appraisal fee into the appropriate General Ledger accountUpon receipt of Appraisal forward to the Loan OriginatorOrder Title ExamOrder payoffsUpon receipt of title opinion review vesting, liens, taxes, defects, etc. Email to Loan Originator for reviewPrepare closing documents, deliver to Loan Originator for review.Ensure prepared closing documents are accurate (review prior to LO)Complete funding sheet, print checks and prepare file for closingDisburse loan, send wires, deliver payoffs, and send mortgage and deed for recordingFile UCCs.Manage construction loan inspections and disbursementsPerform processing duties for other processors when they are out of the office, i.e. vacationScan all loan related documents on a timely basisPrepare mortgage releases/release UCCs as loans are paid off.Post payments to DNA as needed.Serve as the primary contact for all commercial borrower loan questions.Responsible for commercial loan types with respect to core system. Have ability to create cases as needed.Track insurance and request updated policy information to ensure that all loans have current evidence of insurance at all times.Job Requirements:High school diploma or equivalent.Associates/Bachelors degree preferredFive years of experience in loan processingKnowledge of Federal Regulations for lendingSuccessful completion of in-house training programGood understanding of financial institution products and services
Created: 2024-10-04