Loan administrator job description
Updated March 14, 2024
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Example loan administrator requirements on a job description
Loan administrator requirements can be divided into technical requirements and required soft skills. The lists below show the most common requirements included in loan administrator job postings.
Sample loan administrator requirements
- Bachelor's degree in Finance, Accounting, or related field.
- Minimum of 3 years experience in loan administration.
- Knowledge of loan documentation and compliance requirements.
- Strong analytical and problem-solving skills.
- Proficiency in Microsoft Office Suite and loan processing software.
Sample required loan administrator soft skills
- Excellent communication and interpersonal skills.
- Ability to work collaboratively with team members and clients.
- Detail-oriented and organized with strong time management skills.
- Customer-focused with a commitment to delivering exceptional service.
- Ability to adapt to changing priorities and work in a fast-paced environment.
Loan administrator job description example 1
Texas Bank and Trust loan administrator job description
The Senior Commercial Loan Administrator is charged with managing the origination, servicing, and reporting of the bank's commercial loan portfolio.
Job Duties and Responsibilities:
Have a thorough knowledge of consumer and commercial lending operations related to programs, loan processing, closing, funding, review, scanning, credit tracking, and servicing. Oversight of creation, monitoring and ongoing updates of checklists and/or procedures to assist in the credit and loan administration process. Provide training as needed to commercial loan administration and commercial lending assistants Assist with loan servicing requests and inquiries Oversee and assist when necessary, with the review of all loan documentation to ensure consistency with loan approval conditions, bank policies, regulatory requirements and servicing. Oversee and assist with the review of adverse action notices and withdrawn loan applications for compliance and record retention. Oversee and assist with the review of HMDA data collection sheets on reportable loans and the submission to the Mortgage Dept. for timely HMDA reporting. Oversee and assist with the review of loan data for possible CRA Community Development considerations & submit to Compliance Officer for review. Assist with credit report disputes and updates received through E-Oscar. This can be a supervisory position based on experience and qualifications. Perform other duties as assigned.
Job Requirements
Education and Experience:
Associate degree or equivalent from a two-year college or technical school; or three to five years of related experience and/or training; or equivalent combination of education and experience. Some experience with real estate loan documentation and transactions is preferred.
Required Abilities and Skills:
Excellent verbal and written communications skills Proficiency in Accounting Software Proficiency in Microsoft Office Applications including Excel, PowerPoint, and Word
Compensation and Benefits:
Competitive market-based salary, commensurate with experience and education Comprehensive benefits package available
TexasBank is a strong community bank with multiple locations in Texas. If you are seeking stability, security, and competitive compensation, contact us.
We are an equal opportunity employer!
Job Duties and Responsibilities:
Have a thorough knowledge of consumer and commercial lending operations related to programs, loan processing, closing, funding, review, scanning, credit tracking, and servicing. Oversight of creation, monitoring and ongoing updates of checklists and/or procedures to assist in the credit and loan administration process. Provide training as needed to commercial loan administration and commercial lending assistants Assist with loan servicing requests and inquiries Oversee and assist when necessary, with the review of all loan documentation to ensure consistency with loan approval conditions, bank policies, regulatory requirements and servicing. Oversee and assist with the review of adverse action notices and withdrawn loan applications for compliance and record retention. Oversee and assist with the review of HMDA data collection sheets on reportable loans and the submission to the Mortgage Dept. for timely HMDA reporting. Oversee and assist with the review of loan data for possible CRA Community Development considerations & submit to Compliance Officer for review. Assist with credit report disputes and updates received through E-Oscar. This can be a supervisory position based on experience and qualifications. Perform other duties as assigned.
Job Requirements
Education and Experience:
Associate degree or equivalent from a two-year college or technical school; or three to five years of related experience and/or training; or equivalent combination of education and experience. Some experience with real estate loan documentation and transactions is preferred.
Required Abilities and Skills:
Excellent verbal and written communications skills Proficiency in Accounting Software Proficiency in Microsoft Office Applications including Excel, PowerPoint, and Word
Compensation and Benefits:
Competitive market-based salary, commensurate with experience and education Comprehensive benefits package available
TexasBank is a strong community bank with multiple locations in Texas. If you are seeking stability, security, and competitive compensation, contact us.
We are an equal opportunity employer!
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Loan administrator job description example 2
Camden National Bank loan administrator job description
Live here. Play here. Bank here. Work here.
If you're looking to build your career at a forward-thinking organization with deep community roots and a vision for growth, success, and giving back, you've come to the right place.
Under the direction of the Commercial Administration Assistant Manager the Commercial Loan Administrator I provides support to Commercial Banking Officers and Directors of Commercial Banking. The Commercial Loan Administrator I supports by assisting with organizing loan closings and pre/post-closing follow up to ensure adherence to organizational standards and regulatory requirements. Works directly with loan officers and commercial customers to solve problems and provide superior internal and external service.
Essential Duties and Responsibilities:
Works collaboratively with Banking Officers in all areas of commercial loan documentation and servicing to achieve departmental goals.Provides customer service support to commercial customers including assisting with loan advances, answering questions, problem resolution, line of credit advances and general inquiries.Works collaboratively with Banking Officers to effectively prepare for loan closings ensuring all necessary due diligence required is met in accordance with loan policy and procedures per the approval document.Reviews loan documentation before closing to ensure completeness and accuracy.Review loan documentation after closing, ensuring collateral documents are recorded appropriately, all signatures are collected, files all documentation into the electronic file system and original required documents are kept according to retention procedure.Works collaboratively with the designated Portfolio Manager to successfully maintain the loan portfolio in accordance with bank policy and procedure.Effectively reviews loan files in preparation for loan file audits.Works with commercial customers to obtain financials or required documentation in accordance with their loan agreement and track appropriately per procedure.Establish strong relationships with referral sources, inside and outside the organization.Effectively utilize technology and tools to maximize results (Sageworks, Synergy, Xperience, Outlook etc.)
Basic Qualifications
0-2 years of experience working in a financial/banking institution or equivalent administrative role.Basic knowledge of banking terminology.Knowledge of banking regulations pertaining to commercial lending including but not limited to HMDA, CRA, Beneficial Ownership and Reg B preferred but not required Knowledge of business structures, perfection of collateral and security interests preferred but not required Essential knowledge of Loan Policy, Departmental Procedures, Regulatory and Compliance issues. (HMDA, CRA, OFAC, Reg B, Flood, Beneficial Ownership etc.)
Preferred Qualifications:
Knowledge of commercial lending, loan documentation and the loan closing process.Knowledge of business structures, perfection of collateral and security interests.2 year college degree Notary Public Certification
Skills and Abilities:
Demonstrates an understanding of the competitive strengths of CNB's products and services.Strong written and verbal communication skills Ability to work effectively independently and as part of team Must be detail oriented and have an ability to multitask effectively Effectively be able to prioritize tasks and problem solve with minimal assistance Effectively uses technology to perform daily activities and service customers Proactively and creatively takes initiative to meet commercial group goals Ability to grasp, conceptualize and work through instructions to create the desired result
If you're looking to build your career at a forward-thinking organization with deep community roots and a vision for growth, success, and giving back, you've come to the right place.
Under the direction of the Commercial Administration Assistant Manager the Commercial Loan Administrator I provides support to Commercial Banking Officers and Directors of Commercial Banking. The Commercial Loan Administrator I supports by assisting with organizing loan closings and pre/post-closing follow up to ensure adherence to organizational standards and regulatory requirements. Works directly with loan officers and commercial customers to solve problems and provide superior internal and external service.
Essential Duties and Responsibilities:
Works collaboratively with Banking Officers in all areas of commercial loan documentation and servicing to achieve departmental goals.Provides customer service support to commercial customers including assisting with loan advances, answering questions, problem resolution, line of credit advances and general inquiries.Works collaboratively with Banking Officers to effectively prepare for loan closings ensuring all necessary due diligence required is met in accordance with loan policy and procedures per the approval document.Reviews loan documentation before closing to ensure completeness and accuracy.Review loan documentation after closing, ensuring collateral documents are recorded appropriately, all signatures are collected, files all documentation into the electronic file system and original required documents are kept according to retention procedure.Works collaboratively with the designated Portfolio Manager to successfully maintain the loan portfolio in accordance with bank policy and procedure.Effectively reviews loan files in preparation for loan file audits.Works with commercial customers to obtain financials or required documentation in accordance with their loan agreement and track appropriately per procedure.Establish strong relationships with referral sources, inside and outside the organization.Effectively utilize technology and tools to maximize results (Sageworks, Synergy, Xperience, Outlook etc.)
Basic Qualifications
0-2 years of experience working in a financial/banking institution or equivalent administrative role.Basic knowledge of banking terminology.Knowledge of banking regulations pertaining to commercial lending including but not limited to HMDA, CRA, Beneficial Ownership and Reg B preferred but not required Knowledge of business structures, perfection of collateral and security interests preferred but not required Essential knowledge of Loan Policy, Departmental Procedures, Regulatory and Compliance issues. (HMDA, CRA, OFAC, Reg B, Flood, Beneficial Ownership etc.)
Preferred Qualifications:
Knowledge of commercial lending, loan documentation and the loan closing process.Knowledge of business structures, perfection of collateral and security interests.2 year college degree Notary Public Certification
Skills and Abilities:
Demonstrates an understanding of the competitive strengths of CNB's products and services.Strong written and verbal communication skills Ability to work effectively independently and as part of team Must be detail oriented and have an ability to multitask effectively Effectively be able to prioritize tasks and problem solve with minimal assistance Effectively uses technology to perform daily activities and service customers Proactively and creatively takes initiative to meet commercial group goals Ability to grasp, conceptualize and work through instructions to create the desired result
Dealing with hard-to-fill positions? Let us help.
Loan administrator job description example 3
Cornerstone Bank loan administrator job description
Cornerstone Bank was formed in 2017, born of a long history of supporting the community, and providing a strong foundation to help people and businesses thrive. Serving Worcester County, Cornerstone Bank's local presence and community-based banking model enables a unique ability to deliver outstanding service, with a personal touch. Cornerstone provides the highest level of service and expertise for individuals, businesses, and community organizations with branch locations throughout Central Massachusetts.
Cornerstone Bank is committed to providing a collaborative workplace where innovation, teamwork, accountability and excellence are recognized and where employees are encouraged to broaden their skills, seek opportunities for professional development, serve their community, and provide outstanding customer service with each encounter.
Being a part of the Cornerstone team has many great benefits and perks. This includes a competitive pay, a generous student-loan paydown program, comprehensive benefit package including, medical, dental, vision insurance and even pet insurance! We offer a 401(k) plan with an employer contribution and match, success-sharing bonuses, paid time off and more!
If you are looking to join a team that is committed to your ongoing professional growth and development, we are looking forward to speaking to you!
We are currently looking for a Sr. Commercial Loan Administrator to join our team. This position reports directly to our VP - Commercial Loan Operations and is responsible for processing and documenting commercial loans under minimal supervision, processes loan files and provides support for Cornerstone Bank in originating and closing Commercial, Commercial Real Estate, Construction and SBA loans by performing the following duties.
Responsibilities and Accountabilities
Reviews the commercial pipeline to ensure loans are dispositioned in accordance with Regulation B. Provides training for new staff on document preparation and commercial policies and procedures as necessary. Monitors and tracks missing documentation from loan closings reviews past due documents with VP-Commercial Loan Operations. Identifies and reviews new customers to assure Commercial Loan Department is adhering to U.S. Patriot Act, by utilizing OFAC review via Watch Dog. Performs credit checks and contracts with outside vendors for services such as environmental, flood certifications and IRS information. Prepares all documents, including commitment letters, proposal letters and other correspondence from the point of application to the closing of a loan, utilizing internal software, in accordance with Bank approval and regulatory compliance. Works closely with Lender to coordinate closings with attorneys and customers. Works closely with Lender to coordinate closings with attorneys and customers. Performs pre-closing review of loan documents for other CLAs in absence of Loan Officer or as needed. Ensures compliance with all applicable regulations. Ensures all documents required for loan closing are obtained and accurate including insurance binders. Inputs and maintains customer's credit/legal files in document imaging software. Prepares Small Business Administration (SBA) program loan packages, authorizations and documentation. Files UCC for all applicable new loans to perfect lien. Obtains and updates HMDA/CRA data in LOS system for commercial applications, as applicable, and may work with Compliance department to ensure accuracy. Processes receipt and submission of invoices through accounts payable system. Coordinate inspections and title rundowns for construction loans. Preparation of adverse action notices to customers, ensuring compliance with regulatory requirements. Updates commercial loan system with financial statements. Prepares modification documents and covenant acknowledgement/waivers. Funds attorney via deposit to IOLTA account or wire through WITS system. Processes lines of credit transfers with loan officer approval. Works closely with commercial loan servicing staff and consistently provides superior professional service to internal and external customers. Serves as the Clerk of the Loan Committee; prepares and distributes meeting agenda, minutes and Loan Offerings; processes proxy vote in LOS system on behalf of Loan Committee and Executive Committee. May be required to participate in projects as it relates to commercial loan administration. It should be expected that, from time to time, other duties, both related and unrelated to the above, may be assigned and therefore required. Along with ability to support and provide services in multiple locations as required.
Requirements:
Qualifications
3-5 years experience in commercial lending within banking or financial industry preferred. Demonstrated ability to provide high-level of customer service with a pro-active approach to problem solving. Strong organizational, verbal and written communication skills. Demonstrated proficiency with personal computer applications such as Word and Excel Good analytical skills and high level of attention to detail. Ability to multi-task and reprioritize tasks throughout the day to ensure deadlines are met, often working independently. Knowledge of LoanVantage LOS system and COCC Insight core system, is preferred. Travel to multiple locations required as necessary. Flexibility to adjust to changing environment, both regulatory and culturally.
Education/Training/Experience
High School diploma or equivalent. College degree is desirable.
PI192664972
Cornerstone Bank is committed to providing a collaborative workplace where innovation, teamwork, accountability and excellence are recognized and where employees are encouraged to broaden their skills, seek opportunities for professional development, serve their community, and provide outstanding customer service with each encounter.
Being a part of the Cornerstone team has many great benefits and perks. This includes a competitive pay, a generous student-loan paydown program, comprehensive benefit package including, medical, dental, vision insurance and even pet insurance! We offer a 401(k) plan with an employer contribution and match, success-sharing bonuses, paid time off and more!
If you are looking to join a team that is committed to your ongoing professional growth and development, we are looking forward to speaking to you!
We are currently looking for a Sr. Commercial Loan Administrator to join our team. This position reports directly to our VP - Commercial Loan Operations and is responsible for processing and documenting commercial loans under minimal supervision, processes loan files and provides support for Cornerstone Bank in originating and closing Commercial, Commercial Real Estate, Construction and SBA loans by performing the following duties.
Responsibilities and Accountabilities
Reviews the commercial pipeline to ensure loans are dispositioned in accordance with Regulation B. Provides training for new staff on document preparation and commercial policies and procedures as necessary. Monitors and tracks missing documentation from loan closings reviews past due documents with VP-Commercial Loan Operations. Identifies and reviews new customers to assure Commercial Loan Department is adhering to U.S. Patriot Act, by utilizing OFAC review via Watch Dog. Performs credit checks and contracts with outside vendors for services such as environmental, flood certifications and IRS information. Prepares all documents, including commitment letters, proposal letters and other correspondence from the point of application to the closing of a loan, utilizing internal software, in accordance with Bank approval and regulatory compliance. Works closely with Lender to coordinate closings with attorneys and customers. Works closely with Lender to coordinate closings with attorneys and customers. Performs pre-closing review of loan documents for other CLAs in absence of Loan Officer or as needed. Ensures compliance with all applicable regulations. Ensures all documents required for loan closing are obtained and accurate including insurance binders. Inputs and maintains customer's credit/legal files in document imaging software. Prepares Small Business Administration (SBA) program loan packages, authorizations and documentation. Files UCC for all applicable new loans to perfect lien. Obtains and updates HMDA/CRA data in LOS system for commercial applications, as applicable, and may work with Compliance department to ensure accuracy. Processes receipt and submission of invoices through accounts payable system. Coordinate inspections and title rundowns for construction loans. Preparation of adverse action notices to customers, ensuring compliance with regulatory requirements. Updates commercial loan system with financial statements. Prepares modification documents and covenant acknowledgement/waivers. Funds attorney via deposit to IOLTA account or wire through WITS system. Processes lines of credit transfers with loan officer approval. Works closely with commercial loan servicing staff and consistently provides superior professional service to internal and external customers. Serves as the Clerk of the Loan Committee; prepares and distributes meeting agenda, minutes and Loan Offerings; processes proxy vote in LOS system on behalf of Loan Committee and Executive Committee. May be required to participate in projects as it relates to commercial loan administration. It should be expected that, from time to time, other duties, both related and unrelated to the above, may be assigned and therefore required. Along with ability to support and provide services in multiple locations as required.
Requirements:
Qualifications
3-5 years experience in commercial lending within banking or financial industry preferred. Demonstrated ability to provide high-level of customer service with a pro-active approach to problem solving. Strong organizational, verbal and written communication skills. Demonstrated proficiency with personal computer applications such as Word and Excel Good analytical skills and high level of attention to detail. Ability to multi-task and reprioritize tasks throughout the day to ensure deadlines are met, often working independently. Knowledge of LoanVantage LOS system and COCC Insight core system, is preferred. Travel to multiple locations required as necessary. Flexibility to adjust to changing environment, both regulatory and culturally.
Education/Training/Experience
High School diploma or equivalent. College degree is desirable.
PI192664972
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Updated March 14, 2024
Updated March 14, 2024