Loan Assistant

GENERAL DESCRIPTION OF POSITION

The Loan Assistant is primarily responsible for assisting commercial lenders by verifying, compiling, and completing loan applications. This position prepares new loan requests to submit to loan processing and reviews the loan file to verify that data is complete and meets established standards. The Loan Assistant processes the documentation for loans and extensions. This position closes loans, prepares for booking, computes payment and interest, and handles telephone inquiries promptly and professionally.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Review completed LOM for accuracy. This duty is performed daily, about 5% of the time.
2. Order supporting documentation. This duty is performed daily, about 10% of the time.
3. Submit LOM to loan ops. This duty is performed daily, about 10% of the time.
4. Perform pre-funding review. This duty is performed daily, about 15% of the time.
5. Close loan if ...