Commercial Loan Processor

Summary : Responsible for document collection, review and analysis and providing service and assistance to Loan Officers and Portfolio Managers. Assemble loan files, develop needs lists, engage and track orders for third party reports, assist Portfolio Managers in clearing pre-funding conditions, coordinating closings, disbursing loan proceeds and funding loans.

Responsibilities : include but are not limited to the following. Other duties may be assigned.

• Work with Loan Officer in preparing loan documents for closing of commercial loans, but not limited to C&I, Commercial Real Estate and Commercial Construction loans, assuring the completeness of the documents and their compliance with applicable regulations. Prepare various documents such as loan, collateral and disclosure forms including documentation for installment loans. Prepare loan documents, notices and periodic loan reports.
• Follow up with Loan Officers and Portfolio Managers as required for loan file completion and resolve documentation exceptions with a sense of urgency.
• Order and track appraisals, environmental site assessments, physical inspection reports, preliminary title reports and other third-party reports to ensure timely receipt.
• Assist Portfolio Managers in clearing pre-funding conditions.
• Provide files to the funding desk for pre-funding approval.
• Coordinate final preparation of loan documents and closing procedures with title officers and closing attorneys.
• Review construction budget and construction approval provided by Portfolio Manager and ensure the correct construction escrow amount is being used on settlement statement.
• Coordinate settlement statements with title and verify cash to close requirements.
• Coordinate pre-closing file reviews and facilitate approvals to close. Prepare write instructions and coordinate disbursement of loan proceeds.
• Receive and audit executed closing documents.
• Follow up as required to obtain title insurance policies, recorded mortgage and other security instruments and other post-closing documents. Monitor expiration dates of financial statements and insurance coverage for loan files.
• Prepare loan boarding input documents for servicing.
• Transmit completed and original files to Credit Administration.
• Assist Loan Officers and Portfolio Managers in developing loan packages or materials for presentation to other Loan Officers or the Loan Committee.
• Respond to customer inquiries regarding customer loan information.
• Ensure compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.
• Keep informed of industry trends.

All employees are expected to protect the information and assets of the organization through heightened awareness of information security, cyber security, and risk management best practices, as well as complying with all applicable laws, regulations, and organizational policies.

Qualifications and Skills : To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Education / Experience :

Knowledge / Skills / Abilities :

Physical Demands : The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must have the ability to lift and carry 25 pounds for a distance of 50 feet.

NOTE

This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.

All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will possess the skills, aptitudes, and abilities to perform each duty proficiently.

Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others.

The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an "at will" relationship.

The company is an Equal Opportunity Employer, drug-free workplace, and complies with ADA regulations and other laws / regulations as applicable.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)