Commercial Loan Assistant

Job Summary
The Commercial Loan Assistant plays a vital role in delivering exceptional customer experience by collaborating with the Loan Officer and Credit Department to ensure customer loan closings are completed in a timely manner. This position is responsible for all Loan Department tasks including pre-closing processes, entering customer data in loan origination system, post-closing and assisting customers on a regular basis for routine account and loan inquiries.

Duties

• Assist Commercial Loan officers with pre-closing requirements for loan closings. This includes entering customer information into the Loan Origination System, ordering floods, environmental searches, appraisals, title commitments, UCC searches, scheduling closings (internal or external) and / or other pre-requisites that would be required to ensure adherence to lending requirements and loan policy.
• Review loan documents for accuracy for commercial loans. Close loans with customers as needed in absence of loan officer.
• Complete post close activities such as lien filing, UCC Filing and recording Real Estate documents.
• Process loan draws and loan payments as requested/needed by loan officer or customer.
• Monitor loans for current insurance, final titles, recorded documents and other post-close loan activities. Work with insurance companies, title companies or other entities to ensure accurate documentation is stored in loan file.
• Review final title for completeness and accuracy and scan to file.
• Provide back up to other areas in lending or loan operations where assistance is needed; construction draws, payoffs, releasing of collateral and participation payments with other Financial Institutions.
• Assist customers with loan related inquiries relative to account balances, loan balances, and other loan related inquiries.
• Perform official notary services as required.
• Assist loan officer with maintaining up to date financials for existing customers.

Skills

• Knowledge of commercial lending regarding loan documentation and collateral requirements for real estate and collateral filing.
• Ability to multi-task and process several different types of loans while maintaining attention to detail.
• Strong verbal communication and interpersonal skills to facilitate the loan process.
• Ability to prioritize workflow and work independently.
• Familiarity with bank security policies, regulatory compliance, and privacy requirements.
• Ability to follow established policies and procedures with minimal supervision.
• Ability to adapt to changes in procedures, policies, and technology.

Qualifications

• A high school diploma or equivalent is required.
• Previous experience in banking as a Commercial Loan Assistant or similar position is required.
• Basic computer skills and the ability to learn banking software applications are required.

Job Type: Full-time

Pay: $19.00 - $24.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Work Location: In person

Salary : $19 - $24