Loan Processor

Where you will work: This position offers a hybrid option to allow for occasional remote work, primarily working out of the Mankato or Rochester, MN office locations.

The contributions you will make:

Facilitates theclientjourney through the processing of new PCA loans, including all aspects of product delivery before, during and after closing. Serves as a client point of contact,establishingstrong relationships through exceptional levels of service. Maintains a high degree of accountability throughout the loan life cycle, including aggregating and organizing all loan documentation,retaining accurateand complete electronic files, completing loan due diligence tasks, preparing loans for booking and completing post-close activities.

A typical day:

Loan Processing and Client Service

• Serves as a client point of contact,establishingstrong relationships through exceptional and consistent service. Proactivelyidentifiesclient needs and resolves a variety of requests via phone,onlineand in-person to ensure a positive and consistent experience.
• Collaborates with the Sales Team across all Compeer locations to obtain pre-qualification information, including gathering prospect or client information (e.g.drivers' licenses, financials, informationpertaining toscope of operations, and entity documentation) necessary to qualify a loan opportunity. Works proactively with Sales across regionsin order tomeet tight deadlines.
• Preparesaccurateoperating and term loan documents for new loans, from the point of loan application through loanfinalizingto include monitoring of closing conditions, ensuring accuracy.
• Serves as the Deal Champion on allsubmittedloans by having a broad working knowledge of Association processes and policy.
• Assistsin following Territorial Concurrence procedures, ensuring compliance with regulations.
• Ensuresaccuracy of loan pricing and fees and document any exception approvals; prepares rate lock agreement andmonitorclosing deadlines.
• Completes loan verification requirements related to loan documents,reviewsentity and trust documentation and ensures compliance with applicable regulations. Partners with respective parties to ensure loan conditions are satisfied.
• Provides back up support to office location, as needed, in order to meet client needs. This includes but is not limited to coverage during business hours.

Post-Closing Activities

• Approves money movement andbooksloans.
• Usesthorough understanding of chattel collateral, following up on UCC terminations or other lien releases, obtaining vehicle titles, and ensuring first lien position.
• Obtains assignment of indemnity asrequiredfor insurance.
• Maintains accuracy of the chattel tracking system andcoordinatewith teammates to enhance the client experience.
• Maintains understanding of and ensures compliance with all regulations and procedures associated with loan closing.

The skills and experience we prefer you have:

• High school diploma or GED.
• Entry-level experience in loan processing or similar role.
• Demonstrated understanding of collateral and perfecting liens.
• Keen eye for detail, which ensures accuracy and compliance in all loan documentation and processing steps.
• Strong communicationskills and ability to effectively serve as a liaison between internal and external parties.
• Proficient in Windows environment using Microsoft Word, Excel and Outlook and ability to learn/use new systems (e.g.loan origination),applicationsand other related technology products.

How we will take care of you:

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.