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Loan Processing Specialist I

Company: Trustmark National Bank
Location: Pearl
Posted on: January 23, 2023

Job Description:

The purpose of this job is to examine the basic commercial and consumer loan applications, promissory note, Boarding Data Sheet, and other source documents to assign loan codes to new and renewed loans in accordance with regulatory and bank requirements to accurately board loans to the loan system. This position will also assess the funding and processing general ledger tickets for accuracy and regulatory issues pertaining to usury. -

Examine and interpret basic commercial and consumer loan applications/credit presentations, promissory notes, and other source documents to assign codes to new and renewed loans in accordance with regulations, bank policy, and system requirements, board system interfaced loans to loan systemValidate the general ledger funding/processing tickets created by the lenders/loan assistants to determine accuracy and to make appropriate offsetting general ledger entriesCommunicate with lenders/loan assistants to resolve problems and to gather additional information required to accurately code and board new and renewed basic commercial and consumer loans to the loan systemsProcess monetary and non-monetary transactions pertaining to the basic new and renewed loansBalance loan transactions, including fees, daily to system totals for userAssist with the resolution of unreconciled transactions related to the user's boarded loans

Basic knowledge of commercial and consumer loan collateral, security, and lien perfection requirementsBasic knowledge of loan structure and billing functionality/parameters Basic knowledge of loan compliance and coding requirements Overall banking knowledge pertaining to loan products and processing proceduresGeneral understanding of debits and credits associated with loan/bank processingAbility to comprehend/articulate/communicate loan documentation requirements effectivelyAbility to work well under pressure within tight deadlinesTime management principles to prioritize workloadAnalytical/judgmental skillsDetail oriented with emphasis on accuracyOrganization skillsResearch skillsComputer and system skillsTwo year college education OR High School/GED and one year job related experience

Keywords: Trustmark National Bank, Jackson , Loan Processing Specialist I, Other , Pearl, Mississippi

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