We are seeking an experienced Loan Coordinator to join our Loan Administration at Bridgewater Bank in East Bush Lake Road. Reporting to the Director of Loan Coordination, in this role, you will provide administrative management of a diverse commercial loan portfolio to ensure accuracy of the closing process and the post-close file management complies with internal and external policies and regulations.

RESPONSIBILITIES: 

• Coordinate origination/modification process for commercial and industrial, professional services industry and SBA Loans.
• Verify loan approval for accuracy and system capabilities.
• Review documentation to ensure terms of documents are in accordance with loan approval and following bank policy, lending practices and regulatory statutes. May include communication with outside counsel related to document preparation and other due diligence.
• Order, review and/or file appropriate reports which may include credit reports, UCC search, title search, title work, flood certificates, appraisals or other due diligence information from various sources and prepare reports and/correspondence as appropriate.
• Review of organizational documents to identify entity structure and signers.
• Manage closing process which may include final file review, scheduling closing, disbursing documents, balancing the transaction and initiate funding.
• Assemble and organize loan files electronically, complete audit checklist and file original documents per bank policies and procedures.
• Continual engagement in department procedures to ensure most current processes are being followed.
• Proactively monitor compliance tracking system to ensure lien is recorded timely and financial information required in the loan documentation is received.
• Manage internal/external requests and financial transactions within the term of the loan documentation, bank policies and procedures. Includes draws, payments, wire transfers, payoffs, collateral releases, renewals and modifications.
• Primary contact for Lender, clients, and outside agencies by performing a variety of customer service activities including responding to requests, researching discrepancies and resolving issues.
• Lead weekly meetings for appointed lending team.
• Follow department accuracy standards, participate in bank wide Entrepreneurial Operating System (EOS) and exemplify BWB core values.

QUALIFICATIONS:

• 2-4 years of commercial loan processing and/or documentation experience
• Strong oral and written communication skills
• High attention to detail and in-depth knowledge of rules, regulations and policies relating to loan processing
• Knowledge of systems such as Fiserv, Salesforce/nCino, Accusystems, DocuSign, M365
• Bachelor’s degree preferred

ABOUT BRIDGEWATER BANK:

Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.

We are on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.

At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus!

PLEASE NOTE:

The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

STATUS: Non-Exempt