Commercial Loan Clerk jobs in Virginia

Description

The Loan Clerk relies on instructions and pre-established guidelines to perform the loan servicing functions required in order to maintain the bank’s loan portfolio and serve all loan customers in an efficient and accurate manner. The primary function of this position will be to upload or review all loan documents onto the core system.

Duties

• Upload or Review of all new loans daily. This is to include creating new escrow accounts on core system after upload/boarding of loan.
• Process all loan rejected items for review.
• Review and processing of the closed loan report to include creating payoff letters for required signatures, pull closed notes, pull credit life/disability policies, release collateral, maintain collateral log, process overpayment checks, and prepare certificates of satisfactions.
• Daily verification of service charge/loan fee income accounts are balanced. Process entries to clear outages if necessary.
• Review of received title in Premier eTitleLien for VIN correct on Precision and to the loan promissory note, placed in designated company folder, and scanned to the imaging system.
• Manage/Assist the Dealer Floor Plan Line of Credit daily report, advances, and payments.
• Scan/Upload the Loan Audit Worksheets, Final Title Insurance Policy Review Worksheets, and loan payments by phone to the loan in the imaging system.
• Process the Repossession/Non-Accrual/Written Off loan memos.
• Process recording Uniform Commercial Code (UCC) Financial Statements & terminations.
• Manage the collateral log on system and vault collateral.
• Review escrow disbursements per procedures.
• Pull the H.15 Selected Interest Rates from the Board of Governors of the Federal Reserve System to update the weekly index in Precision, then email report.
• Maintenance loan files as needed through corrections, reversals, extensions, auto-transfers/ACH payment set up, officer requests, etc.
• Gather supporting documentation of maintenance and scan to designated folder for review.
• Process Dealer rebates for closed loans and process Dealer Reserve for New Dealer Loans.
• Process or review of payment portal payment daily report.
• Processing of incoming wires to loans for payments and payoffs.
• Review the weekly Zero Balance Loan Report.
• Prepare Letter of Guarantees for insurance company. Discuss with loan officers any issues.
• Prepare Mortgage Verification letters as needed.
• Prepare cashier checks as needed.
• Assist with taking loan payments by phone.
• Manage monthly shredding of loan files with adherence to established retention period.
• Assist customers and/or fellow employees with any loan related questions by phone or in person.
• Assist with any required research on any new and/or existing loans.
• Assist with covering administrative assistant’s desk for lunch.
• Primary back-up for other Loan Clerk I (Uploading/Review) and knowledge to back up for all other Loan Department positions.
• Other duties as assigned by Management.

Requirements for position

• Promotion of Bank Values.
• Strong verbal and written communication skills.
• Strong organizational skills.
• Excellent customer service skills.
• Ability to sit for extended periods of time.
• Ability to stay within defined task completion dates.
• Knowledge of Microsoft suite of products (Excel, Word, Outlook).
• Ability to work and think independently.
• Team player who takes direction well and has a strong ability to multi-task.
• Able to work all necessary bank hours and attend seminars/training events as required.

The Farmers Bank of Appomattox is an FDIC Member and Equal Opportunity Employer.

Job Type: Full-time

Pay: $31,200.00 - $35,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Employee assistance program
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday
• No nights
• No weekends

Experience:

• Customer service: 1 year (Preferred)
• Loan processing: 1 year (Preferred)

Ability to Commute:

• Appomattox, VA 24522 (Required)

Ability to Relocate:

• Appomattox, VA 24522: Relocate before starting work (Required)

Work Location: In person