Job Details


Northern State Bank of Virginia Location: Virginia, MN Job Title: Loan Administrator Overview: Responsible for preparing, processing, and maintaining loan documentation while adhering to bank policies and procedures. Responsibilities: • Create loan closing documentation for all types of Consumer, HELOC, Mortgage/Secondary Market and Commercial loans and conduct file review to ensure file is accurate, complete and compliant prior to close • Create loan modification and renewal closing documentation for all types of loans • Order services including flood certification, appraisals, title work and UCC lien searches • Load and Service Participation loans that are purchased/sold by processing advance requests, applying payments, wiring funds to participants and submit/request documentation to/from participant banks • Load loans onto core system (Insite) • Disburse loan proceeds as requested via Cashier’s check, wire transfer, payoff of existing NSBOV loan or deposit to an account at NSBOV • Assemble, prepare, and maintain loan files • Responsible for submitting and tracking all documentation necessary for lien perfection on titled collateral, UCC collateral and real estate loans • Review loan data entry/maintenance as new loans and renewals are loaded onto core system • Review and maintain loan tickler system to track collateral insurance, UCC continuations and follow up on pending items • Process daily loan payments and incoming payoffs. Review the Daily Transaction Journal the following day for and correct loan rejects and payment posting errors • Process Paid loans by preparing file for retention, preparing lien releases and satisfactions and sending correspondence to borrower(s) • Process escrow disbursements, perform escrow maintenance, prepare annual analysis statements and balance escrow DDA • Answer incoming calls regarding loan inquiries on existing or past loans and handle internal and external research requests • Process and track disputes from credit reporting agencies • Initiate/monitor/track force-placed insurance and force-placed flood insurance • Balance GLs daily • Balance loan dept DDAs on a monthly basis • Calculate rates and prepare rate schedule for in-house real estate loans on a weekly basis • Prepare appraisals for committee review • Prepare Adverse Action Notices as needed • Ensure compliance with banking regulations and bank policies and procedures Requirements: • High school diploma or GED is required. A minimum of 2 years banking experience is preferred. • Must be proficient with Microsoft Word/Excel/Outlook and standard office equipment such as a typewriter, fax, printer and copy machine. • Detail-oriented self-starter who is able to work independently with the ability to prioritize complex activities and prioritize conflicting demands and deadlines • Strong analytical and effective problem-solving skills • Regular and reliable attendance required • Perform other related duties as assigned • Ensure compliance with banking regulations and bank policies and procedures Deadline: 09/22/2022 How to Apply: Email or send resume to [email protected] • Northern State Bank of Virginia • Attn: Briana Sterle • 600 Chestnut Street Virginia MN 55792 • Northern State Bank of Virginia is an Equal Opportunity Employer of women, minorities, protected veterans, and individuals with disabilities. MEMBER FDIC, EQUAL HOUSING LENDER, NMLS 440572.

Northern State Bank of Virginia

Location:
Virginia, MN

Job Title:
Loan Administrator

Overview:
Responsible for preparing, processing, and maintaining loan documentation while adhering to bank policies and procedures.

Responsibilities:
• Create loan closing documentation for all types of Consumer, HELOC, Mortgage/Secondary Market and Commercial loans and conduct file review to ensure file is accurate, complete and compliant prior to close • Create loan modification and renewal closing documentation for all types of loans • Order services including flood certification, appraisals, title work and UCC lien searches • Load and Service Participation loans that are purchased/sold by processing advance requests, applying payments, wiring funds to participants and submit/request documentation to/from participant banks • Load loans onto core system (Insite) • Disburse loan proceeds as requested via Cashier’s check, wire transfer, payoff of existing NSBOV loan or deposit to an account at NSBOV • Assemble, prepare, and maintain loan files • Responsible for submitting and tracking all documentation necessary for lien perfection on titled collateral, UCC collateral and real estate loans • Review loan data entry/maintenance as new loans and renewals are loaded onto core system • Review and maintain loan tickler system to track collateral insurance, UCC continuations and follow up on pending items • Process daily loan payments and incoming payoffs. Review the Daily Transaction Journal the following day for and correct loan rejects and payment posting errors • Process Paid loans by preparing file for retention, preparing lien releases and satisfactions and sending correspondence to borrower(s) • Process escrow disbursements, perform escrow maintenance, prepare annual analysis statements and balance escrow DDA • Answer incoming calls regarding loan inquiries on existing or past loans and handle internal and external research requests • Process and track disputes from credit reporting agencies • Initiate/monitor/track force-placed insurance and force-placed flood insurance • Balance GLs daily • Balance loan dept DDAs on a monthly basis • Calculate rates and prepare rate schedule for in-house real estate loans on a weekly basis • Prepare appraisals for committee review • Prepare Adverse Action Notices as needed • Ensure compliance with banking regulations and bank policies and procedures

Requirements:
• High school diploma or GED is required. A minimum of 2 years banking experience is preferred. • Must be proficient with Microsoft Word/Excel/Outlook and standard office equipment such as a typewriter, fax, printer and copy machine. • Detail-oriented self-starter who is able to work independently with the ability to prioritize complex activities and prioritize conflicting demands and deadlines • Strong analytical and effective problem-solving skills • Regular and reliable attendance required • Perform other related duties as assigned • Ensure compliance with banking regulations and bank policies and procedures

Deadline:
09/22/2022

How to Apply:
Email or send resume to [email protected] • Northern State Bank of Virginia • Attn: Briana Sterle • 600 Chestnut Street Virginia MN 55792 • Northern State Bank of Virginia is an Equal Opportunity Employer of women, minorities, protected veterans, and individuals with disabilities. MEMBER FDIC, EQUAL HOUSING LENDER, NMLS 440572.