Loan Processor

Job title: Loan Processor

Company: ABR Employment Services


Job description: ABR is recruiting a Loan Processor for a client in Stevens Point. The starting wage will be $20 – $21 per hour plus benefits upon hire.A Loan Processor is responsible for verifying, organizing and recording all the documentation required for a loan application. The loan processor works closely with the loan officers to ensure all necessary documentation is collected, completed accurately and processed efficiently.Loan Processor Essential Duties and Responsibilities:

• Draft commercial and consumer loan documents for the loan officers.
• Prepare suggested rates for the loan officers.
• Ensure loan agreements are completed according to policy.
• Obtain credit reports from credit reporting bureaus, flood certificates, UCC and DMV liens.
• Order appraisals and title work.
• Prepare denials and adverse action for loan requests.
• Responsible for closing process of commercial, consumer and business loans.
• Prepare documents for loan payoffs.
• Recording legal records- mortgages, satisfactions, deeds, etc.
• Review loan reports- make edits and necessary changes, complete maintenance for loan bookings, identify maturing or mature loans, and complete renewal paperwork or process declines.
• Disburse loans and make monetary transactions as indicated on the disbursement documentation.
• Process ARC and participation payments.
• Monitors SOFR/Prime rate changes.
• Maintain credit and lending records- scan and file.
• Complete data entries in Precision for the following: booking loans, loan and participation maintenance, customer, miscellaneous, and escrow.
• Draft procedures for the loan processing department.
• Generate reports for loan officer meetings.
• Monitor, process and filter emails received in the Processing shared email.
• Provide customer service support via telephone- provide information and answer questions.
• Reconcile and balance internal accounts- general ledger accounts and DDA (checking).

• Adheres to all internal policies, procedures, and practices and remains in compliance with all regulations of the Bank Secrecy Act.
• Participates in annual training and review of bank policies and procedures.

Loan Processor Required Knowledge, Skills and Abilities:

• Knowledge of federal, state and local levels of loan processing laws and regulations.
• Ability to evaluate loan applications and assess credit worthiness.
• Good communication and interpersonal skills.
• Excellent organizational and time management skills.
• Ability to accurately and efficiently process and record large amounts of data.
• Self-motivated, able to prioritize work flow and work under pressure to meet deadlines.
• Strong attention to detail.
• Knowledge of personal computer, Microsoft Office, Excel and banking software.
• Ability to use general office machines and equipment.

Education and Experience:

• High school diploma or equivalent (GED) required.
• 2 years of experience in banking or finance.

ABR Employment Services is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veterans’ status.PandoLogic. Category:Finance, Keywords:Loan Processor, Location:Stevens Point, WI-54481

Expected salary: $20 – 21 per hour

Location: Stevens Point, WI

Job date: Fri, 20 Jun 2025 07:35:34 GMT

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