HiringCafe
Posted 5d ago

Loan Specialist

@ BankStar Financial
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Brookings, South Dakota, United States
OnsiteFull Time
Responsibilities:preparing documentation, processing transactions, maintaining collateral
Requirements Summary:Prepare and review loan documentation, process loan transactions, manage collateral files, coordinate title/appraisal orders, ensure regulatory compliance, and use Microsoft Office; high school diploma required and minimum 3 years loan processing experience.
Technical Tools Mentioned:Microsoft Word, Microsoft Excel, Microsoft Outlook, Microsoft PowerPoint
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Job Description

Location:              Brookings                                           

Grade:                   Full-Time; Non-Exempt                     

Core Schedule: Monday-Friday, Saturday rotation   

                                            

The Loan Specialist will be responsible for the preparation, accuracy, and review of loan documentation. This role requires strong communication skills, analytical abilities, and a passion for helping our customers achieve their financial goals.

 

The responsibilities listed below represent an overview of the position; additional duties may be assigned as business needs evolve.

 

Key Responsibilities:

  • Prepare and review loan documentation to ensure all required documentation steps are accurately completed and compliant with established procedures.
  • Process loan transactions, including advances, paydowns, and transfers, while ensuring the accuracy and timeliness of loan fund disbursements.
  • Administer extensions of UCCs and CREMs and verify loan data within the core banking system to maintain accurate records.
  • Coordinate the ordering of real estate title work, appraisals, and other supporting documentation as required.
  • Maintain collateral and security files, ensuring proper organization and adherence to regulatory and compliance guidelines.
  • Manage workflow documentation by maintaining accurate and up-to-date records of loan tickets, approvals, and disbursements within internal systems.
  • Provide administrative and operational support to business bankers by assisting with customer communication, correspondence, inquiries, file management, and reporting.
  • Remain current on industry trends, regulations, and best practices related to lending and loan servicing to support compliance and operational excellence.
  • Support front-line Customer Service Representative (CSR) team by participating in branch opening and closing procedures on a rotating schedule, as well as contributing to Saturday coverage to maintain consistent customer service availability.

 

Compliance Responsibilities:

  • Ensure all activities comply with federal and state regulations, including Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Equal Credit Opportunity Act (ECOA), and other applicable lending laws as needed in role.
  • Adhere to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Customer Identification Program (CIP) requirements as needed.
  • Maintain confidentiality of customer information and follow all privacy and security guidelines.
  • Follow internal policies, procedures, and secondary market guidelines for loan processing and documentation.

Required Skills/Abilities:

Communication: Demonstrates effective verbal and written communication skills.

Relationship Building: Works collaboratively across departments and fosters strong relationships with staff, customers, and vendors.

Customer Focus: Provides exceptional customer service.

Teamwork: Thrives in a collaborative environment and contributes to team success. Able to work effectively within a small team or with external partners.

Planning and Organization: Applies solid problem-solving and decision-making skills while completing tasks accurately. Prioritizes work and adapts to shifting demands with minimal supervision.

Adaptability: Embraces change by incorporating new ideas, processes, and procedures while maintaining a positive attitude.

Accountability: Assumes responsibility for tasks, makes independent decisions, and demonstrates reliability.

Critical Thinking: Identifies problems, evaluates information for accuracy and relevance, and uses sound judgment to develop and recommend solutions.

Technology: Proficient in Microsoft Office Suite (Word, Excel, Outlook, PowerPoint) for administrative and reporting tasks.

Attendance: Ability to maintain regular attendance and be punctual is required to perform the essential functions of this position.

Physical Requirements:

Intermittently remain in a stationary position for extended periods of time and occasionally move objects weighing up to 25 pounds. Work is performed in a standard office environment with minimal noise.

Supervisory Responsibilities:

This job does not have any supervisory responsibilities.

Education and Experience:

High school diploma or equivalent required; associate’s degree in business, finance, or a related field preferred. Minimum of 3 years of experience loan processing, or a related banking function required, or an equivalent combination of education and experience.

License/Membership Requirements:

This job does not have any license or membership requirements.


BankStar is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. We are unable to accommodate candidates in need of work sponsorship at this time.  



Equal Opportunity Employer | Member FDIC