15 days old

Loan Processing Specialist

Wintrust Financial Corporation
Rosemont, IL 60018
  • Job Code

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

Founded in 1991 with the idea to be the alternative to the big banks, Wintrust has since grown into a financial services company with more than $45 billion in assets, headquartered in Rosemont, Illinois. Through our multiple companies and divisions, we provide traditional community banking and commercial banking services, wealth management solutions, commercial and life insurance premium financing, mortgage origination, and short-term accounts receivable financing and certain administrative services, such as data processing of payrolls, billing, and treasury management services. We provide community-oriented personal and business banking services to customers located in the greater Chicagoland area, northwest Indiana, and southern Wisconsin through more than 175 community bank locations.

We provide an engaging, dynamic work environment, an excellent compensation package including 401k, employee stock purchase plan, medical/dental, life insurance and more!

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, national origin, citizenship status, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran. We request applicants refrain from disclosing current or historical compensation information during the recruitment process; any disclosed detail will not be taken into account as applicants are considered for employment.

Posted: 2021-03-26 Expires: 2021-04-24
Sponsored by:
ADP Logo
Sponsored by:
Bank of America Logo

Featured Jobs[ View All ]

Featured Employers

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Loan Processing Specialist

Wintrust Financial Corporation
Rosemont, IL 60018

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast