St Paul, MN
Loan Operations Specialist
At Drake Bank, people come first. Our team is focused on developing relationships with our clients to build a better future.
Our team is guided by our shared values in our mission to build a better future: Dedicated, Reliable, Authentic, Knowledgeable, and Ethical. These cornerstone values allow us to serve as a trusted community partner in helping businesses and families not only succeed but thrive.
Our vision is to continue to position Drake Bank for long-term sustainability as a local, independent community bank in the Twin Cities. In the next ten years, we are positioned for considerable growth by balancing the relationship-based high-tech, high-touch focus.
Join us in building a better future!
The Loan Operations Specialist provides operational support within the credit department, including loan accounting and processing functions through FiServ. This position files and records maintenance through electronic archiving system and prepares standard loan documentation through LaserPro. The Loan Operations Specialist provides a high level of customer service regarding inquiries and transactions on existing loans to promote a favorable image of the bank. The Loan Operations Specialist possesses excellent problem solving and organizational skills with strong attention to detail.
This position will have a commercial loan processing focus.
Books and Boards new, renewed and extended loans:
Creates loan documents through LaserPro
Inputs loans into Fiserv, bank’s core system
Electronically archives loan documentation into Fiserv Director
Performs account maintenance within Fiserv
Documents and archives denied loans
Reviews loan documentation for accuracy and completeness: loan disclosures/agreements, mortgages, title policies, lien filings, insurance, flood certifications, credit reports, etc.
Performs UCC searches and continuations through Capitol Lien Records
Processes paid notes and collateral releases
Processes payments, advances and adjustments on loans
Processes payments for loan participations
Prepares escrow payments for property taxes, insurance and association dues
Reconciles general ledger accounts
Loan Reporting and Compliance:
Create, manage and update ticklers within Fiserv: recorded mortgages, final title policies, lien cards, insurance
Reviews and researches credit disputes via E-Oscar
Places collateral and notes in the Bank’s vault under dual control
Performs collateral audits
Prepares and reviews daily and monthly reports
Assists management and compliance officer with audits
Respond to client inquiries in a professional and timely manner.
Assists departments throughout the bank with special projects and functions.
Performs all job function and interactions with fellow bank employees, customers, vendors and prospective customers within the guidelines of the DRAKE BANK Core Values: Dedicated, Reliable, Authentic, Knowledgeable, and Ethical.
Performs other duties as assigned.
2 Years of Loan Processing Experience Required
High School Diploma or Equivalent Required
How to Apply:
Send resumes and salary requirements to HR@drake-bank.com