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Real Estate Loan Processor


Summary:


A real estate processor is responsible for obtaining and substantiating the paperwork in a real estate transaction pertaining to an individual's personal and financial data.


Essential Job Duties & Responsibilities:





  1. Reviews loan documents and conditions of approval for comments, content and accuracy.



  2. Required to comply with Bank policies and procedures as well as applicable state and federal banking regulations.



  3. Review and complete loan documentation and other associated items to ensure the Bank?s lien position and security interest.



  4. Timely production and delivery of documents for loans.



  5. Electronically scan files and documentation such as Loan Closing Documents, Appraisals, Titles, insurance and many other documents according to the electronic file system.



  6. Monitor insurance related requirements, as well as force placed or OREO related insurance and flood insurance and monitor adequacy of coverage to meet regulatory compliance standards. Balance General Ledger and bank control accounts. Process participation loan payments, mail out loan statements/notices and generally serve as a resource for lenders and credit assistants with regard to lien documentation, proper application of loan payments/maintenance, and other service related issues, as well as research and resolve problems in a timely manner.



  7. Various clerical duties including: answering phone calls, file maintenance, scanning files (loan documents, financials and appraisals, etc.), processing payoff proceeds and processing paid loan security documents, performing collateral release and consulting with management to ensure duties are kept current and performance accurately.



  8. May be responsible for reviewing loan data for compliance including:



  9. Prepare all required disclosures within timeframes prescribed by regulations. Order 3rd party documents.



  10. Review title reports, loan documentation, and credit reports for completeness and accuracy.


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Knowledge, Skills & Abilities:





  1. Customer and Personal Service -- Knowledge of principles and processes for


    providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.



    2) English Language -- Knowledge of the structure and content of the English language


    ?including the meaning and spelling of words, rules of composition, and grammar.



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3) Mathematics -- Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.


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Job Specifications:


1) Oral Comprehension -- The ability to listen to and understand information and ideas presented through spoken words and sentences.



2) Oral Expression -- The ability to communicate information and ideas in speaking so others will understand.
3) Problem Sensitivity -- The ability to tell when something is wrong or is likely to go wrong and know what steps to take to correct the problem. It does not involve solving the problem, only recognizing there is a problem.
4) Information Ordering -- The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
5) Number Facility -- The ability to add, subtract, multiply, or divide quickly and correctly.



6) Speech Clarity -- The ability to speak clearly so others can understand you both in person and over the phone.
7) Near Vision -- The ability to review customer information on the computer, on documents as well as, visually identify customer identity.
8) Speech Recognition -- The ability to identify and understand the speech of another person.
9) Mathematical Reasoning -- The ability to choose the right mathematical methods or formulas to solve a problem.


10) Reading Comprehension -- Understanding written sentences and paragraphs in work related documents.


11) Physical Requirements ? Lifting ? The ability to lift a minimum of 10 lbs. up to a height of 3-4 ft.? Standing/sitting - Must have the ability to remain in stationary positions 75% of the work day.? Dexterity ? The ability to operate a computer and other office machinery, such as a calculator, adding machine, copy machine and printer. ?Hearing ? the ability to exchange accurate information to customers in regards to their accounts and/or banking procedures.


12) Active Learning -- Understanding the implications of new information for both current and future problem-solving and decision-making.? The ability to learn technical material.


Other duties as assigned.


This job description is subject to change at any time.?




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