Commercial Loan Processor I Location : Location US-MN-Stillwater Status Non-Exempt Type Full-Time City Stillwater State MN Hours Per Week 40 Location : Address 2 2270 Frontage Road West Overview

Small enough to care. Big enough to deliver.

 

This position is an entry level commercial loan support role responsible for the creation and processing of accurate and compliant loan documentation following MidWestOne policies and procedures and industry best practices; escalates more advanced loan transactions to a Commercial Loan Processing Support II or Senior Processing Support.

Responsibilities Processes commercial loan documentation following the Bank’s Loan Policy, operating procedures and industry best practices.Assists Commercial Bankers and loan servicing team members with operational support related to compliance, policy, and related requirements.Reviews incoming loan requests for completeness and data accuracy.Uses the loan document imaging system to validate information on loan requests.Performs pre-closing compliance reviews including the following regulatory guidance under:Flood Insurance under the National Flood Insurance Program (“NFPA”);Regulation B;Home Mortgage Disclosure Act (“HMDA”);Community Reinvestment Act (“CRA”);Beneficial Ownership;Customer Identification Program (“CIP”).Verifies loan approval prior to producing loan documentation.Prepares upload directions for Loan Operations.Performs other duties as assigned. Qualifications High school degree or equivalent with some related work experience.In addition to education in business or related field,  6 months to 1 year of experience in a loan support related role is preferred. Banking or financial experience is also preferred. Compensation Hiring Pay Range: $22.00 - $26.00/hour

The starting pay range for this position is commensurate with experience. The compensation offered to a candidate may be influenced by a variety of factors including skills, qualifications, experience, and location. MidWestOne Bank offers a competitive benefits package, including but not limited to medical, dental, vision, paid time off, a 401(k) plan with employee and company contribution opportunities, life, disability, and accident insurances, parental leave, and student loan reduction. The Perks! Competitive base compensation with additional performance-based incentives (incentives vary depending on role)Career development and continuous learning opportunitiesPaid Time Off, Paid Holidays, Parental/Grandparent Leave, and more100% vested 401(k) Retirement Plan with company matchMedical, Dental, and Vision insuranceFlex spending plan & Health savings accounts with employer contributionStudent Loan Debt Reduction ProgramEmployee Stock Ownership PlanEmployer provided group life insurance with option to purchase additional life insurance for you and your family membersEmployer provided long term and short term disability insuranceAdditional Insurance options to meet your personal needs: Critical Illness and Accident insurance, and Hospital IndemnityWellness ProgramFree banking services and other financial services discountsTake Your Dog to Work Day in JuneEmployee Rally Day- a day of celebration and recognition!

 

RISE stands for Retention, Innovation, Support, and Empowerment. Through RISE we aspire to create and sustain a culture of respect and belonging that is reflected in the workplace and the communities we serve.

 

Let's build something great, together.

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