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MIDSTATES BANCSHARES INC Centralized Loan Administrator - 98018 in HARLAN, Iowa

Job Purpose:Under general supervision, and in compliance with established policies and procedures, this position performs loan administrative support functions. The Centralized Loan Administrator will perform assigned duties in accordance to Midstates Bank's Core Values for Customer Service and will adhere to the Quality Service Standards.iEssential Functions:Loan Support:Timely and accurate checkback of all new loan/modifications booked as well as collateral tracking input for all branch locations.Centralized force placement of flood and hazard insurance management. Generate letters / force place as needed.Assist in opening, maintaining and closing of escrow accounts. Along with assisting in the servicing of the existing mortgage portfolio, including handling customer inquiries and overseeing escrow payments. Assist in annual escrow analysis.Responsible for completing the pricing model for all consumer in-house loans.Provides support to the lending team in various stages of the loan cycle: including but not limited to processing loans within Compliance One and Compliance One Mortgage and various processing systems accurately uploading new loans onto core processing system, building new loan files and files new loans, processes loan extensions and modifications.Accurately prepare all loan transactions, properly posting to the correct general ledger accounts.Prepare appropriate documentation pertaining to lending decision.Commitment letterCounteroffer letterAdverse action notificationLoan approvalReport of loan madeDiscuss lending decision with lender and/or customer.Complete a thorough analysis of loan files with underwriting guidelines. This review includes but not limited to:Compute debt to income ratioCompute loan to value ratiosComplete credit approval checklistURAR appraisal review and Complete verifications including employment and 4506C requests as needed.Assists in verification of complete documentation for loan: including but not limited to timely filing of all documents, maintaining and implementing the Midstates Bank standard loan filing system and updating of all loan tracking items on Jack Henry system accurately and timely.Provides quality control for loan transactions and new loan: pre-closing review for real estate loans, print the new loan edit from the prior day and verifies the accuracy of the information on the core system.Answer and resolve routine and non-routine inquires and problems regarding applications and underwriting procedures from production personnel, lenders and customers.Notify any customer with derogatory credit of the appropriate bureau for assistance.Assists in the accurate collection and reporting of compliance data, including Home Mortgage Disclosure Act information and Flood Protection documentation.Review and analyze formal report/documentation prepared by internal and/or external appraiser to validate accuracy, adequacy, and compliance with industry standards, internal policies/procedures and regulatory requirements.Remain current on changes within the legal, regulatory economic, competitive and technology environments which may affect real estate lending program. Keep abreast of current real estate markets in our branch local areas.Keep updated on new programs and communicate with loan operations officer on new opportunities or changes.Other duties as assigned.iSkills/Qualifications:Thorough knowledge of loan servicing functions, consumer and residential lending, specifically loan documentation and collateral requirements; strong organization skills; attention to detail; strong computer skills, specifically Microsoft Word and Excel, Jack Henry CIF 20/20 software, CRM 360 View, Compliance One and Compliance One Mortgage.iEducation:Associates or Bachelor's degree preferred. HS Diploma or equivalentiExperience:Loan processing experience preferredFor more information, or to apply now, you must go to the website below. Please DO NOT email your resume to us as we only accept applications t