What are the responsibilities and job description for the Commercial Loan Administrator III position at b1BANK?
The Commercial Loan Administrator III supports Bankers and the Lending Department in processing loan applications, preparing documentation, and maintaining effective communication with clients and internal/external stakeholders. This role is responsible for ensuring the accuracy and uniformity of all legal and loan documents and minimizes the risk of loss to the Bank. The Commercial Loan Administrator II ensures that all loans are closed and maintained in accordance with state and federal regulations and adheres to Bank policies and guidelines.
Specific Job Functions
- Provide support to the Bankers and staff including updating loan data and assembling proper documentation for client loans.
- Serve as an ongoing point of contact for clients.
- Process loan applications including interacting with the client to gather information and signatures.
- Gather information for loan processing including credit reports, tax filings, business entity searches, lien searches and title work.
- Ensure the completeness and accuracy of loan files including proper documentation, valuations, and other relevant data.
- Assemble and verify accuracy of loan documentation.
- Fund loans and process payments and draws.
- Provide customer service by answering phone and written inquiries regarding loan information.
- Actively refer leads on loans, brokerage, and other services to appropriate specialist.
- Participate and complete Sales, Service, Compliance and Product training.
- Represent the bank in community affairs or civic organizations.
- Responsible for managing loan closing process from approval to booking.
- Assist in the timely obtaining of all tracked/required information required from clients and regularly review documents exception reports to ensure timely elimination of items.
Minimum Job Requirements
- High School diploma or equivalent is required.
- Associate degree is preferred.
- 4 – 6 years of commercial, business or small business loan experience required.
- Must have advanced knowledge of loan documentation and operation.
- Must have good interpersonal and communication skills.
- Must have working knowledge of computer skills to include Microsoft Suite.
- Must have good organization and time management skills.
- Must have a good understanding of banking products and services.
Equal Opportunity Employer/Veterans/Disabled