Loan Processing Specialist
A Loan Processing Specialist reviews and processes commitment, new loan, renewal loan system set up for Commercial, Commercial Real Estate, Wealth Management, Managed Assets Department, Retail, and Community Lending portfolios; Processes loan payments, advances and maintenance; Processes transactions related to specialty products.
Monitors and processes loan requests and inquiries submitted in the Loan Operations mail box such as loan payments, advances, maintenance and research including reconciling items from the loan control account and the review of Teller Reports for backdating process.
Reviews committee approvals ("CAP") for all loan portfolios to determine correct hierarchy set up on loan system and review documents submitted by the Loan Document Analyst ("LDA") to ensure accurate interpretation. Process system changes including non-accruals, charge-off and Other Real Estate Owned ("OREO") transactions.
Ensures proper booking of new commercial and consumer loans, renewals, amendments and letter of credit including the earnings of all loan fees/costs in accordance to Financial Accounting Standards and Financial Management policy.
Ensures proper booking and earnings of all loan fees/costs in accordance to Financial Accounting Standards and Financial Management policy.
Provides customer service to external and internal customers.
Process special handling accounts- over advance, protective advances, SWAP, SBA, etc. Maintains and process escrow payments. Makes property tax payments to various counties and performs annual escrow analysis.
Creates and processes payoff letters for all portfolios. Assists with the process escrow maintenance and property tax payments to various counties and HELOC stop payments.
Responsible for the maintenance and research of all credit bureau disputes to be in compliance with the Fair Credit Reporting Act. Reports SBA Colson Reporting on a monthly basis.
3 years experience in financial services
Office or teller experience; loan operations and loan documentation experience a plus
High school diploma or equivalent required
General computer skills
As your local community bank, we work hard to support the neighborhoods we serve. We are members of many local chambers of commerce, and we're active in local charities, local government, school boards and community development activities. At Wintrust you can "Have it All" with access to the big bank resources and the customer service you can only get from a local community bank that makes decisions locally and still calls customers by their name. We invite you to be part of the Wintrust team by submitting your application today!
Wintrust is a financial holding company with assets of over $30 billion whose common stock is traded on the NASDAQ Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, with over 160 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.
Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, ethnicity, gender, sexual orientation, gender identity, national origin, veteran status, or disability.