Position Description

Loan Processor
Location Washington-Spokane (Headquarters)
Requisition # 2580
# of Openings 1
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AgWest Farm Credit is a member-owned financial cooperative that provides financing and related services to farmers, ranchers, agribusinesses, commercial fishermen, timber producers, rural homeowners and crop insurance customers in a seven-state territory in the Western United States. AgWest is part of the 100+ year-old Farm Credit System – the leading provider of credit to American agriculture.

AgWest champions the growth and advancement of agriculture, the value of rural communities, and the vital contribution our customers make to the economy and society. We serve customers in 59 locations throughout the West.

We are in search of a Loan Closing Specialist I or Loan Closing Specialist II to join our Country Home Loans - Lending Programs department in Spokane, Washington (Headquarters). This full-time position reports to the Director, Operations and assists in home loan origination activities, and performs a variety of portfolio administration duties to support the extension of sound, constructive credit and related services.

This position is eligible for a hybrid work schedule and one-time home office stipend after initial training period. 

Compensation Information

The base salary range for this position in Spokane, Washington is:

Level I: $38,000 - $55,000; bonus at target is 6% of salary.

Level II: $42,000 - $63,000; bonus at target is 6% of salary.

Job Requirements

  • Collaborate with Relationship Manager and Loan Processor throughout the loan process, to ensure all documentation is accurate and complete.
  • Prepare and review disclosures in compliance with TILA-RESPA Integrated Disclosure (TRID) regulations, ensuring accuracy and completeness and deliver disclosures to customers. 
  • Perform final review of collateral documentation and loan conditions to ensure accuracy and compliance with regulatory standards. This includes examination of the title policy to verify clear ownership and identify and potential issues that could affect encumbrances or liens.
  • Prepare and review legal closing documents for Country Home Loan files, ensuring accuracy and compliance.
  • Coordinate the closing process with escrow agents, ensuring all necessary documentation is accurately prepared and submitted for funding following strict timelines and compliance with federal regulations. 
  • Complete post-closing review and final loan certification.
  • Perform all duties and maintain all standards in accordance with company policies, procedures, and internal controls.
  • Other duties as assigned.

Minimum Requirements

  • High school diploma or equivalent
  • The ability to effectively learn and utilize a wide variety of systems/software
  • Knowledge and demonstration of excellent customer service skills
  • Ability to understand and complete credit and financial documents

Preferred Requirements

  • Relevant experience in lending, banking, or a related field
  • General knowledge of credit laws and regulations
  • Knowledge of credit investigation and verification practices
  • Knowledge of loan closing procedures
  • Knowledge of credit and legal terminology, financial services, procedures and forms
  • AgWest loan and interest rate programs

Benefits Offered by AgWest

  • Medical, dental, and vision insurance 
  • Basic term life and AD&D insurance (fully paid for by the company)
  • Paid days off annually: 15 vacation*, 15 sick, 11 holidays and 3 volunteer
  • 401(k) plan (6% match plus 3% employer contribution)
  • Employee Assistance Program
  • Wellness Program
  • Jeans are welcome at work every day at AgWest! 

*Vacation accrual rates increase with tenure.

Details about insurance and retirement benefits are available at:  https://www.farmcreditfoundations.com/fcfbenefits

#LI-Hybrid 

Qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender orientation, national origin, marital status, age, disability, protected veteran status, or any other classification protected by law.

When you apply for a position with AgWest Farm Credit, we collect personal identifiers (from your resume and other application information you submit), such as your name, email address, mailing address, telephone number(s) and employment and education related information. This helps us evaluate job applicants for hiring opportunities, and, communicate with them. 

To comply with federal regulations for equal employment opportunity and affirmative action (EEO/AA), we track our applicants by gender, race/ethnicity, veteran status, disability status, and the position for which they applied. You will be presented with a voluntary self-identification form as part of this application; we wanted you to know why we collect this information and what we do with it.  Please be aware that this information is kept separate from your application, and not utilized in the selection process. 

For more information about the information AgWest Farm Credit collects, please see the AgWest Farm Credit California Privacy Policy.

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