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Loan Processor (Part Time)

Vaco
$20.00 - $24.00 / yr
United States, Indiana, Indianapolis
Jan 29, 2025
Vaco has partnered with a client located downtown Indianapolis for a part time Loan Processor. This person will work 25-30 hours per week Monday-Friday. SUMMARY The part time Loan Processing Administrator will prepare and provide borrowers with the essential documentation and information needed to acquire a loan. This person will process a loan from initiation to payoff, while providing excellent internal and external customer service. ESSENTIAL DUTIES AND RESPONSIBILITIES: Attends Staff Loan Committee/Board Loan Committee meetings for information regarding requirements and documents (and is backup for taking effective minutes) Maintain legal files and computer records Be knowledgeable of loan policies and procedures and make suggestions for changes Order title commitment from title company/attorney for loans secured with real property Communicates returned payments with the borrower Process month-end loan adjustments/actions Manages daily ACH payments processing and any special request/changes Provides back up for loan insurance process, including renewals, cancellations, force- placed coverage, and new policies Track, update, and follows up on payment of invoices related to loans/lines of credit Primary backup on loan documentation using approved loan documentation templates Order and/or follow up on third party reports Manage and process loan advance requests Manage and prepare Releases for pay offs Maintain the scanning and indexing of all loan documentation and correspondence First backup for monthly interest payments through Accounts Payable Prepares Interest-Free and Accessibility Reports monthly Process month-end journals for non-accrual loans/lines of credit Reviews and mail all Loan Correspondence After approval, maintain contact with borrowers throughout the documentation process, through advancing, and keeping them apprised of needed documentation and responding to their questions Collect and acknowledge documents received after approval through payoff Receive calls and monitors messages for Financial Services Backup for online access and Loan Web content QUALIFICATIONS: Strong analytical skills Experience with Microsoft Office, computer-based programs, and spreadsheets Knowledge of basic investment information Good listening, verbal, written, and communication skills Strong ability to work with teams of people in collaborative Ability to engender trust with high emotional intelligence and good team building skills Ability to multi-task and work with little direct supervision Ability to work as a team member with multiple staff persons, constituents, customers, and partners Ability to stay informed of current Loan Policies and Practices and Procedures Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply. EEO Notice Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law. Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com . Vaco also wants all applicants to know their rights that workplace discrimination is illegal. By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal. Privacy Notice Vaco LLC and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco") respects your privacy and are committed to providing transparent notice of our policies. California residents may access Vaco's HR Notice at Collection for California Applicants and Employees here. Virginia residents may access our state specific policies here. Residents of all other states may access our policies here. Canadian residents may access our policies in English here and in French here. Residents of countries governed by GDPR may access our policies here. Pay Transparency Notice Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to: the individual's skill sets, experience and training; licensure and certification requirements; office location and other geographic considerations; other business and organizational needs. With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.