Loan Operations Specialist
Company: Merchants Bank of Indiana
Location: Carmel
Posted on: October 18, 2024
Job Description:
Description:The Loan Operations Specialist supports the daily
functions of the Bank's Loan Operations Department, serving to
support all commercial and consumer lending functions of the bank.
The Loan Operations Department has the major functions of ensuring
that the documents created for loan closings are correct and that
all loan documents are exception free and the collateral is
perfected. The Loan Operations Department also interfaces with the
bookkeeping and proof-transit functions areas of the Bank to ensure
that all transaction entries (payments, advances, new loan
advances, general ledge entries, etc.) are performed correctly and
that appropriate general ledger accounts are monitored and
balanced.
In one year as a Loan Operations Specialist, you will know you were
successful if you...
- Supports all departmental functions and assures the
departmental objectives are achieved in providing accurate and
timely loan documentation, servicing of the loan and maintaining
collateral files; closely monitors loan documentation and
collateral exceptions to ensure that such items are kept to minimum
levels consistent with Bank policy.
- Meets all pre-established customer services goals particularly
by ensuring that loan closing documents are provided to lenders
quickly and accurately.
- Manages the approved pipeline of loans to ensure customer
expectations are met or exceeded around the loan closing
process.
- Provide assistance and support to staff in dealing with
problems. Supports the resolution of particularly sensitive or
complex situations. Ensures that staff members are fully informed
of appropriate compliance regulations, legal requirements, policies
and procedures, providing on-the-job training, if necessary.
- Responsible for working within regulatory guidelines and bank
policies that are applicable to the areas this position
supports.
- Attend training on applicable subjects when available and
appropriate for position.
- Perform other duties as assigned.Requirements:What we're
looking for...
- Minimum of five years of banking experience in the areas of
depository services and loan originations, or an educational
background that provides a level of knowledge typically gained from
five years or more retail lending. High school diploma or GED from
an accredited institution, College degree preferred.
- Requires the ability to successfully multitask and perform
accurate, timely work with multiple priorities and deadlines.
- Must demonstrate strong customer service skills and/or
interpersonal and communication skills as well as a strong
attention to detail and an exemplary desire to produce top-notch
work.
- Requires a demonstrated working knowledge of basic computer
software such as Microsoft Office and Outlook at a moderate
level.
- Previous work experience in loan operations/administration is
strongly considered.Ranked as the top-performing U.S. public bank
by S&P Global Market Intelligence, Merchants Bancorp is a
diversified bank holding company headquartered in Carmel, Indiana,
operating multiple lines of business, including multifamily housing
and healthcare facility financing and servicing, mortgage warehouse
financing, retail and correspondent residential mortgage banking,
agricultural lending, and traditional community banking. Merchants
Bancorp conducts its business through its direct and indirect
subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp.,
Farmers-Merchants Bank of Illinois, and Merchants Mortgage, a
division of Merchants Bank of Indiana.
#LI-OnsitePM20 #BK
PIacfff8bee208-37248-34930051
Keywords: Merchants Bank of Indiana, Bloomington , Loan Operations Specialist, Other , Carmel, Indiana
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