Lori McClain
Avondale,AZ
Summary
Knowledgeable Loan Processor bringing 22 years of experience in banking and loan documentation. Highly skilled in working well with people of all backgrounds to complete loan packages. Highly-motivated employee with desire to take on new challenges. Strong worth ethic, adaptability and exceptional interpersonal skills. Adept at working effectively unsupervised and quickly mastering new skills.
Overview
21
21
years of professional experience
Work History
Loan Servicing Administrator
Western Alliance Bank
09.2022 - 02.2024
- Create and maintain collateral ticklers
- Create and maintain collateral perfection platforms / UCC’s, Tax forms
- Create a collateral file from closing document package and scan copy into Encompass eFolder
- Assist with creating the daily Collateral Manifest for funded loans
- MERS register newly funded loans
- Assist funders with the Auto Assign function of closing documents in Encompass eFolder
- Input Security Instrument recording information in Encompass
- Follow up on Trailing Loan Documents
- Assist Corporate with obtaining any Title Policy/document corrections or questions
- Work with Closing Attorney/Title Company to obtain documents to clear file for purchase.
- Review all incoming signed documents for accuracy.
- Adhered strictly to company policies when completing tasks associated with loan processing duties.
- Maintained accurate records in computer database system during loan origination process.
- Researched escalated problems related to loan processing activities.
Loan Processor
Tri Counties Bank
07.2017 - 08.2022
- Consumer and Commercial documentation check in
- Review all documents for accuracy and disclosure completion
- Prepare and review documents to ensure compliance with Federal and State laws, FCA regulations, and Association procedures
- Document Finalization: Review executed documents to ensure accuracy, appropriate signature, and supporting documentation received
- Send documentation to boarding and request booking/funding, as needed
- Notarized documents as appropriate
- Consumer and Commercial title policy review
- Review complete title policy for accuracy
- Create and maintain tickler system
- Create and maintain UCC filings
- Document scanning into system
- Communicate with staff regarding any needed items to accurately complete documentation and disclosures
- Communicate with title companies to ensure final policies are accurate and include all the correct endorsements
- Process cashiers checks or wires to vendors.
- Maintained accurate records in computer database system during loan origination process.
- Researched escalated problems related to loan processing activities.
- Verified accuracy of closing figures prior to disbursement of funds.
- Updated customers regularly on status of their loans throughout the processing period.
- Compiled closing packages containing all necessary documents required for funding.
- Conducted quality control reviews on closed files ensuring compliance with state and federal regulations.
Loan Documentation Specialist
Golden State Farm Credit
11.2002 - 11.2016
- Document and Information Review and Preparation: Review and troubleshoot checklist and information provided by authorized staff to determine which documents need to be prepared for the borrower to sign
- Determined appropriate format for documentation based on type of credit
- Entered information into internal credit software application to prepare proper documentation for signatures
- Prepared and reviewed documents to ensure compliance with Federal and State laws, FCA regulations, and Association procedures
- Document Finalization: Reviewed executed documents to ensure accuracy, appropriate signature, and supporting documentation received
- Sent documentation to accounting and request booking/funding, as needed
- Notarized documents as appropriate
- Administrative Duties: Track credit status and outstanding items related to the credit by: Entering Information into database and spreadsheets
- Compiling and inputting information into the California Secretary of State database to ensure 1st lien status
- Searching and monitoring UCC filings and continuations
- Scanned documentation into content management software, and documenting filing.
Education
Butte College
OrovilleSkills
- Loan Processing
- Mortgage Loan
- Loan documentation (10 years)
- Microsoft Word (10 years)
- Commercial Loan Documents (10 years)
- Microsoft Excel (10 years)
- Consumer Documentation (10 years)
- Title Policy (10 years)
- Time Management
- Office Experience
- Customer Service
- Encompass
- Fair Housing Regulations
- UCC Law
- Research
- Banking
- Financial services
- Financial analysis
- Payment Processing
- Procedure Implementation
- Attention to Detail
- Loan File Maintenance
- Data Entry
- Teamwork and Collaboration
References
References available upon request.
Timeline
Loan Servicing Administrator
Western Alliance Bank
09.2022 - 02.2024
Loan Processor
Tri Counties Bank
07.2017 - 08.2022
Loan Documentation Specialist
Golden State Farm Credit
11.2002 - 11.2016
Butte College