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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