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ALTAONE FEDERAL CREDIT UNION
Ridgecrest, CA | Other
$46k-61k (estimate)
4 Months Ago
Commercial Loan Processor
$46k-61k (estimate)
Other | Banking 4 Months Ago
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ALTAONE FEDERAL CREDIT UNION is Hiring a Commercial Loan Processor Near Ridgecrest, CA

Job Details

Job Location: Ridgecrest Corporate Back Office - Ridgecrest, CA
Position Type: Full Time
Salary Range: Undisclosed
Job Category: Banking

Role

Responsibilities include, but are not limited to: processing, document drawing, funding, and some loan servicing functions of commercial loans. Provides service for AltaOne Business Members.

Major Duties and Responsibilities

Provide loan processing services for the department ensuring all required documentation is documented and filed properly. This includes regulatory due diligence such as but not limited to, collateral documentation, insurance, taxes, flood determinations, appraisals, lien searches, checking title commitments for accuracy, completeness, and compliance, etc. Ensures all credit files are complete and gathers information for annual reviews including tax returns, financial statements and rent rolls.

Understand and review documentation to determine viability and adequacy of collateral including methods of valuation such as conforming appraisal reports, environmental studies, title reports, UCC searches, leases, and industry market data.

Complete regulatory due diligence to validate information required for documentation; obtain and/or conduct a thorough review of corporate and collateral documentation, i.e., certificates of existence, flood determinations, appraisals, lien searches, title searches/commitment to check for accuracy, completeness and compliance with loan approval guidelines and internal policies. Reviews completed loan packages after closing for any missing documents as well as compliance with internal policies and Commercial Lending Regulations, and follows up with the respective Commercial Loan Officer.

Possess thorough knowledge and understanding of Loan Policy and related Procedures and appropriate regulatory guidance. Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Reviews approved credit memos to understand the type and structure of the loan in order to correctly identify the necessary loan documents and fund the loan accurately and in a timely manner.

Coordinates loan closing with lending personnel and completes document delivery. Conduct a post funding review, and cross check core systems to ensure the loan is booked correctly. Ensure the final title policy is received and review for accuracy.

Sets up member and account information on financial institutions database and mainframe system; disburses proceeds after the loan has been closed.


Knowledge and Skills

Other Skills

Ability to perform collateral perfection, including real property and UCC Must be PC literate; experience with LaserPro, TSoft or other SBA software and banking software a strong plus

ADA Requirements

Physical Requirements

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 15 lbs. Must be capable of climbing/descending stairs in emergency situation. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management. Must be capable of regular, reliable and timely attendance.

Working Conditions

Must be able to routinely perform work both indoors in climate-controlled environment and outside in sometimes inclement weather.

Mental and/or Emotional Requirements

Must be able to perform job functions under independently and with limited supervision. And work effectively as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be able to perform basic mathematical calculations with extreme accuracy. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under stress of deadline, requirements for extreme accuracy and quality and/or fast pace. Must be capable of exercising highest level of discretion on both internal and external confidential matters.

Job Summary

JOB TYPE

Other

INDUSTRY

Banking

SALARY

$46k-61k (estimate)

POST DATE

11/25/2022

EXPIRATION DATE

02/22/2023

WEBSITE

altaone.org

HEADQUARTERS

BAKERSFIELD, CA

SIZE

100 - 200

FOUNDED

1947

CEO

KRISTIE KOVACICH

REVENUE

$10M - $50M

INDUSTRY

Banking

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About AltaOne Federal Credit Union

Explore the AltaOne difference today! Like our unique desert and mountain landscapes, AltaOne members and employees enjoy a one-of-a-kind relationship with their credit union. Offering much more than personal and business financial products and services, we continually strive to be the communitys choice for an all-around member experience, strengthening ties with our local communities through events and outreach programs. AltaOne also provides outstanding career opportunities, investing considerable resources toward the success of every employee. We continually enhance our work environment and... provide challenging, stimulating and financially rewarding careers. More
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