Job Description:
MRV Banks
ID: 1150
Location: Ste. Genevieve, MO
Department: Lending
Job Title: Loan Processor (On-Site Position), Monday-Friday (8AM-5PM) and a rotating 5th Saturday
We are seeking a dedicated and detail-oriented Loan Processor to join our dynamic team at MRV Banks. As a Loan Processor, you will play a vital role in facilitating the loan application process and ensuring a smooth experience for our valued borrowers. If you are organized, possess excellent communication skills, and thrive in a fast-paced environment, we want to hear from you!
Key Responsibilities:
- Review loan applications for accuracy, completeness, and compliance with lending guidelines and regulations.
- Collect and verify all required documentation from borrowers, including income statements, tax returns, credit reports, and property information.
- Communicate effectively with loan officers, loan coordinators, and borrowers to obtain any missing or additional information necessary for loan approval.
- Analyze borrowers' financial information, including credit history, income, and assets, to assess loan eligibility.
- Compile and organize loan documents accurately, ensuring they are properly labeled, signed, and dated for submission to underwriters.
- Maintain compliance with all applicable laws, regulations, and internal policies throughout the loan processing.
- Provide regular updates on loan status and resolve any outstanding issues by collaborating with borrowers, loan officers, and loan coordinators.
- Keep precise records of all loan documents, correspondence, and activities in the loan processing system.
- Adhere to established timelines and meet deadlines for efficient completion of loan processing stages.
- Perform quality checks to ensure the accuracy and completeness of loan files before final submission for approval.
Required Qualifications:
- High school diploma or equivalent
- Excellent written and verbal communication skills to interact effectively with various stakeholders.
- Strong attention to detail to ensure accurate and complete loan documentation.
- Exceptional organizational skills to manage multiple loan files and prioritize tasks effectively.
- Ability to work in a fast-paced environment, meet deadlines, and handle high volumes of work.
- Maintain strict confidentiality of sensitive borrower information.
- Proficiency in MS Office Suite, and other relevant computer applications.
Preferred Qualifications:
- Bachelor's degree in finance, business, or a related field
- Previous experience in loan processing, mortgage lending, or a related field
- Knowledge of loan types, lending guidelines, and regulatory requirements.
Join our team and take part in an exciting opportunity to contribute to the success of our borrowers and our company. We offer a competitive salary, comprehensive benefits package, and a supportive work environment that values growth and teamwork.
To apply, please submit your resume and a cover letter outlining your relevant experience and why you are interested in this position. We look forward to reviewing your application and potentially welcoming you to our team at MRV Banks.
WHY YOU SHOULD JOIN OUR TEAM
We are an established company in the financial industry that invests in our team. We also offer great benefits and perks, such as 11 paid holidays, paid time off (PTO), a 401(k) option, a professional environment, a positive team-oriented culture. We also make it easy to apply with our initial quick and easy application. After you apply, you will be asked to complete our Predictive Index Assessment. Please complete the Predictive Index Assessment to help us identify if this role or other roles within our Bank will be a good match for you. We find that our most engaged employees are good at, enjoy what they do and want more of it. This is critical to our organization for employee engagement and growth. If we have your attention, please continue reading!
ABOUT MRV BANKS
We started 17 years ago in the small community of Ste Genevieve. After 5 years we expanded to the Cape Girardeau community and continued our growth by focusing on getting things done and building relationships with people. We provide financial solutions for customers and businesses in our communities. Our goal is to help people accelerate and achieve their financial goals through imaginative long-term banking relationships. Our bank expanded to the Festus market over 4 years ago and opened our St. Charles location in January of 2022. Our continued growth and success are due to our amazing people that are solution orientated and have a growth mindset. Our people are reliable and consistent with attention to detail to be competent and capable. Our company culture plays a large part in our success. We believe that happy, talented employees add value to our company.
MRV Banks is an Equal Opportunity Employer. MRV Banks is committed to providing equal opportunity and advancement to all qualified employees and applicants without regard to race, color, ancestry, national origin, sex, gender (including pregnancy), gender identity, sexual orientation, religion, disability, handicap, military or veteran status or any other legally protected status. Employee Polygraph Protection Act | | Right to Work | KNOW YOUR RIGHTS
Applicants must be able to pass a drug test, background check, credit check and reference check.
Full job description available upon request
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