Lending Associate II at TRUSTBANK

Olney, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

04 Jun, 26

Salary

25.0

Posted On

06 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Loan Documentation, Entity Types, Appraisal Ordering, Title Policies Review, Lien Positions, Credit Reporting, Loan Policy Adherence, Consumer Compliance Regulations, HMDA Worksheets, Vehicle Titling, UCC Guidelines, Risk Assessment, Detail Oriented, Organizational Skills, Time Management, Analytical Skills

Industry

Financial Services

Description

Description JOB TITLE: LENDING ASSOCIATE II DEPARTMENT: RISK MANAGEMENT REPORTS TO: LOAN OPERATIONS OFFICER FLSA STATUS: NON-EXEMPT TYPE OF POSITION: FULL TIME JOB SUMMARY As a Lending Associate II, this person will be responsible for understanding loan documentation that creates a legal and binding repayment requirement for the customer, as well as a legal and binding attachment of collateral. In addition to, this person will be responsible for understanding different entity types and the entity documents. DUTIES AND RESPONSIBILITIES (Other duties may be assigned.) 1. Prepare loan documents from Loan Documentation Request Forms including the following: verify loan terms to the approved presentation, incorporate all loan covenants, and verify any “prior to close” criteria. 2. Have a basic understanding of entity documents to determine client signing authority including a knowledge of entity types (such as LLC, C-corp, S-corp) and organizational documents (such as articles of incorporation, articles of organization, operating agreement, and by-laws). 3. Assist with ordering appraisals which includes researching the experience and licensing of potential appraisers. 4. Assist with ordering title policies and title searches. 5. Review and understand title policies, clearing title exceptions, and lien positions. 6. Have an understanding of the requirements of customer authorization to pull credit and pull credit reports, as needed. 7. Ensure adherence to the bank’s Loan Policy and bank regulations at all times, including, but not limited to, a knowledge of the following consumer compliance regulations: Truth in Lending, RESPA, TRID disclosures, flood, HMDA, Fair Lending (ECOA/Fair Housing), and Fair Credit Reporting Act. 8. Complete HMDA Worksheets when applicable. 9. Understand vehicle and equipment titling and documentation of the bank’s lien position, as well as an understanding of UCC guidelines. 10. Assist in the rectification of the bank’s loan technical exceptions. 11. Scan, save and file all loan documents, financials and all other documents pertaining to loan files as needed or assigned. 12. Assist loan officers as needed. 13. Compose letters and memos as requested. 14. Ability to determine whether requests for confidential information should be furnished or refused which requires judgment, tact and on-the-spot decisions. 15. Ability to recognize irregular or suspicious activity and take appropriate action to prevent loss. 16. Handle telephone and email inquiries from customers and personnel from other departments ensuring high service standards for both clients and other team members. 17. Assist with scheduling client appointments. 18. Greet customers as they enter the bank and direct them to the correct area. 19. Perform other duties as assigned. WORKING CONDITIONS The position is Monday through Friday, typically from 8 AM – 5 PM and is forty hours a week. Additional hours worked may be required from time to time. The position will primarily be located at the Main Branch in Olney, Illinois. TRUSTBANK CORE VALUES Embrace and promote the TrustBank Culture and Core Values in all aspects of your duties. COMPENSATION AND BENEFITS The estimated hourly rate for this position is $20.16 - $25.00. The position is also eligible for an annual discretionary bonus. Pay rate may vary based on the candidate’s qualifications, skills, and experience. We offer a 401(k) plan featuring a discretionary employer match in bank stock. See more about our generous employee benefits details that may be found on our bank’s career page. https://trustbank.net/company/career-opportunities DISCLOSURES Trust Bank recognizes that people are our bank’s strength, and we place a high value on diversity and inclusion. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. The best talent will acquire the position. Equal Opportunity Employer/Disability/Veterans. This job description may be subject to change and is not intended to be all-inclusive. The employee may perform other related duties to meet the ongoing needs of the organization. Updated February 27, 2025 Requirements EDUCATION and/or EXPERIENCE Some college, associate or a bachelor’s degree with a business concentration is ideal. 2-3 years of related experience and/or training in bank lending quality control, audit, loan processing, or loan origination is desirable. Will consider recent graduates with strong GPA and applicable internship experience. QUALIFICATIONS To perform this job successfully, an individual must be very detailed oriented and have the ability to accurately and thoroughly analyze information. The individual must also be consistent and detailed in all quality control functions in order to ensure internal adherence to TrustBank policies, as well as compliance with applicable State and Federal laws and regulations. REQUIRED SKILLS AND ABILITIES 1. Ability to read, analyze, and interpret legal terminology related to loan documentation, general business and economic communications, technical procedures, or governmental regulations. 2. Strong organizational and time management skills. 3. Very detail oriented and able to review own work to find errors. 4. Analytical and risk assessment skills, including a clear understanding of ratios and percentages. 5. Working knowledge of accounting, finance, and economics. 6. Ability to write reports and effective business correspondence. 7. Ability to effectively present information and respond to questions from team members and customers. TECHNICAL SKILLS Ability to utilize computer word processing and spreadsheet software for data analysis and report preparation. Knowledge of and ability to learn the bank’s data processing system. Working experience with other computer programs, such as Microsoft Access and Excel is preferred. Understanding of Microsoft 365 and related collaboration tools.

Responsibilities

The Lending Associate II is responsible for preparing loan documents based on approved terms, incorporating covenants, and understanding entity documents to determine client signing authority. This role also involves assisting with ordering appraisals and title work, reviewing title policies, and ensuring adherence to bank loan policy and consumer compliance regulations.