1 Commercial Banking Loan Coordinator Job in Minneapolis, MN
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Union Bank & Trust Co. is Hiring a Commercial Banking Loan Coordinator Near Minneapolis, MN
- The Commercial Banking Loan Coordinator is responsible for providing administrative support to the commercial lending team. The primary role involves coordinating the loan application process, preparing and reviewing loan documents, ensuring compliance with regulatory requirements, and maintaining accurate loan records. The ideal candidate will have a keen eye for detail, strong organizational skills, and the ability to manage multiple tasks in a fast-paced environment.
- This role leads into a wide variety of opportunities for career development within the financial services industry.
- Support bank-wide compliance initiatives.
- Communicate with bank clients and vendors to gather information for underwriting and origination of commercial loans.
- Assist clients with the loan application process, providing necessary information and answering queries.
- Collect and organize all required documentation from clients for loan processing.
- Prepare and review loan documents for accuracy and completeness based on approved credit presentations.
- Ensure all loan documentation complies with company policies and regulatory requirements.
- Coordinate with internal and external parties to obtain and verify necessary documentation.
- Ensure all loans are processed in accordance with federal and state regulations, as well as company policies.
- Maintain up-to-date knowledge of compliance and regulatory changes affecting commercial lending.
- Serve as a point of contact for clients, providing updates on loan status and addressing any issues that arise.
- Communicate effectively with the commercial lending team, underwriters, and other departments to facilitate the loan process.
- Maintain accurate and organized loan files, ensuring all documentation is properly stored and easily accessible.
- Prepare and distribute regular reports on loan status, pipeline, and other key metrics.
- Manage portals, reports and software to assist in departmental functions such as appraisal engagement and vendor management etc.
- Assist with the coordination of loan closings, including scheduling and communication with all parties involved.
- Support the commercial lending team with various administrative tasks as needed.
- Perform job accountabilities with a high level of accuracy and timeliness.
- Maintain knowledge and understanding of Loan Policy as approved by the Board of Directors.
- Maintain knowledge and understanding of service standards for the department and departments that are a part of the workflow for this position.
- Provide open communication to supervisor or manager when service standards cannot be met due to training needs, equipment problems, quality of work received from others.
- Uphold the employment guidelines outlined in the employee handbook and/or union contract.
- Develop and maintains knowledge of compliance and internal control requirements necessary to complete the job.
- Perform duties in compliance with policy, procedure and process.
Critical Skills
- Professional and confidential.
- Strong organizational and time management skills.
- Maintain high level of focus and accuracy with attention to detail and accuracy.
- Effective verbal and written communication skills.
- Ability to deliver a high level of responsiveness to internal and external customers.
- Ability to multi-task and organize priorities.
- Solid computer literacy with common programs such as Word and Excel. Proficient in Microsoft Office Suite (Word, Excel, Outlook).
- Previous experience with Fiserv or Laserpro is a plus.
This document is intended to describe the general content and performance requirements of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements.
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Job Summary
Full Time
Banking
$70k-92k (estimate)
05/24/2024
06/21/2024
ubt.com
LEAWOOD, KS
500 - 1,000
2005
CARLA SELMON
$200M - $500M
Banking
Related Companies
About Union Bank & Trust Co.
Most banks offer similar services. Its how those services are delivered and how the bank treats you as an individual that sets it apart. Here are a few examples of what makes us different: Stability Nearly 50 years of family ownership has given Union Bank & Trust a consistent direction and long-term relationships with customers and employees. Half of our senior managers have been with the bank for 20+ years and 150 of our employees have worked here 10+ years. Relationships Knowing our customers is of utmost importance to us. This relationship-driven approach enhances our ability to provide the... best service and solutions for individuals, families and businesses. Flexibility Local ownership gives us the flexibility that national banking chains simply dont have. We enjoy creating solutions for customers that do not fit a cookie cutter approach. Nebraska Ownership Being family owned and operated means were more accessible. We do not have multiple layers of decision-makers spanning the midwest or the entire country. Timeliness Our size and streamlined organizational structure enable us to react quickly and provide timely answers to our customers. Community Involvement We all live and work here. We understand the role a financial institution should play in its community. Union Banks financial commitment to the community is substantial, and our employees give generously of their time and talent.
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