Loan Administration Specialist I at Legacy National Bank

Bentonville, Arkansas, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Jul, 26

Salary

0.0

Posted On

03 Apr, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Loan Administration, Loan Closing, Customer Service, Banking Policies, Commercial Lending, Agricultural Lending, Consumer Lending, TILA/RESPA, Documentation Accuracy, Regulatory Compliance, Loan Documentation, Computer Skills, Written Communication, Verbal Communication, Imaging Systems

Industry

Banking

Description

Description Position Summary: The Loan Administration I position primary responsibility is to coordinate and prepare various types of new, modified, and renewed loan requests. This position works collaboratively with loan analysts and loan officers to facilitate smooth and timely closings. Major Duties and Accountabilities: Takes part and embraces the Legacy Culture and gives outstanding customer service to internal and external customers. Responsible for preparing and coordinating the loan closing process. Comply with all bank policies and procedures regarding areas of assignment and responsibility. Must be knowledgeable in the loan department processes. This position must coordinate and prepare loan closings for the bank’s commercial, agricultural, consumer and TILA/RESPA credit. Uses the Bank’s loan policy and processes to request loan documents according to approval, collateral, and additional documentation. Communicates lending staff regarding status of loan requests, missing information needed from the lender/borrower. Utilize bank’s software systems to work efficiently to complete the loan process as well as upload all relevant loan documents. Prepare, review, and assemble loan documentation to ensure accuracy and compliance with bank policy and federal banking regulations. Prepare funding documentation as needed. Reviews imaging system for documentation deficiencies for renewals and modification requests. Formulate professionally written responses to incoming internal and external customer emails with accurate information and withing the established timelines. Other responsibilities as assigned. Requirements Required: A high school diploma or GED equivalent. 1-year previous banking/loan experience. Strong computer skills. Excellent written and verbal communication skills. Preferred: Knowledge of Farmer Mac, FSA, and SBA guarantee loan products. Knowledge of TILA RESPA Integrated Disclosure rule. Knowledge of loan terminology and elements/process required to close a loan. Knowledge of general banking principles and federal and/or state regulatory lending laws.

Responsibilities

The Loan Administration Specialist coordinates and prepares new, modified, and renewed loan requests while ensuring compliance with bank policies and federal regulations. They collaborate with loan officers to facilitate smooth closings and maintain accurate documentation within the bank's software systems.