Loan Operations Specialist I

$35,000 - $50,000/Yr

Maverick Bank - Lubbock, TX

Full-time - Mid Level

Lubbock, TX

About the position

The Loan Operations Specialist I at Maverick Bank is a detail-oriented role focused on loan document preparation and servicing. This position is critical for ensuring the timely execution of loan transactions while maintaining compliance with regulatory requirements. The ideal candidate will have a strong understanding of loan products and a proactive approach to problem-solving.

Responsibilities

• Collaborate with internal teams to gather necessary information for loan document preparation.
• Review loan documentation packages for accuracy and completeness.
• Perform meticulous reviews of loan documentation and complete core input based on transaction specifics.
• Conduct thorough audits to ensure compliance with legal and regulatory requirements.
• Verify data accuracy and consistency across all documents, making necessary corrections.
• Complete electronic filing and exception tracking for each closed loan.
• Assist with timely and accurate preparation of monthly reports.
• Complete daily loan balancing and other critical reports.
• Identify opportunities to enhance efficiency in loan operations processes.
• Propose and implement improvements to loan input templates and guidelines.
• Stay informed about industry regulations and updates to loan documentation requirements.
• Maintain a strong understanding of company policies related to loan documentation.

Requirements

• Minimum three years of experience in bank loan operations and/or loan document preparation.
• In-depth knowledge of various loan products, lending regulations, and compliance requirements.
• Strong analytical skills and attention to detail.
• Excellent communication skills, both written and verbal.
• Proficiency in using loan management software and Microsoft Office Suite (Word, Excel, PowerPoint).
• Demonstrated ability to work under pressure and meet tight deadlines.
• Problem-solving mindset with the ability to propose process improvements.
• Strong organizational skills and capacity to manage multiple tasks simultaneously.

Nice-to-haves

• Experience with Fair Housing regulations (1 year preferred).
• Customer service experience (1 year preferred).

Benefits

• 401(k)
• 401(k) matching
• Flexible spending account
• Life insurance
• Vision insurance