Commercial Loan Processor I (Finance)
SUMMARY - Prepare and process commercial loan documentation for all commercial loan officers by providing quality loan service through effective utilization of support services and performing assigned daily duties effectively and efficiently.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned as necessary.
Prepare loan documents and update loan data in the financial institution's Laser Pro computer program. Employee must possess the ability to work on an independent basis when processing in-house commercial loans, in addition to participations loans, small business loans, and letters of credit.
Input/book commercial loan accounts onto DNA, the bank's core operating system, process funding of loans and compile folders and information for all loans entered in an orderly manner. Enter exceptions on the DNA system for tracking.
This job requires no teller capability; however, this job does include maintenance capability for the bank's main operating system.
Verify accuracy of loan documentation and ensure that loan files contain documents with proper signatures, dates, and other relevant data to comply with bank policy.
Answer telephone and written inquiries concerning loan processing and information with regard to loan documentation.
Contact attorneys, settlement agents, prepare checks for disbursement and gather necessary account information to assist lenders with all loan documentation as needed.
Prepare Commitment Letters, Modification Agreements, and any additional letters or agreements for commercial loan accounts as requested by officers and forward to the appropriate areas for processing.
Prepare, verify, and submit documents for UCC filings, titled vehicle liens and mortgages, and verify insurance on these items for all new loans.
Assist the collateral area and loan checking area as needed. Must be willing to answer questions and be willing to assist, cross-train and back-up this area if requested.
Assist the Lead Commercial Processor with tasks, projects, reports and training as requested.
This job requires the ability to multi-task, work as a team player, work well with Commercial Lenders, Commercial Lender Assistants and Credit Analysts, work in an atmosphere where interruptions occur frequently and noise volume is average to above average.
Cooperate with, participate in, and support the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the bank's compliance with all regulatory requirements.
Understand and support all BSA/AML responsibilities as applicable to the position as well as consistently, accurately, and timely carry out these responsibilities in compliance with the Bank's internal policies.
Any other miscellaneous duties as assigned.
SUPERVISORY RESPONSIBILITIES: This job has no supervisory responsibilities.
QUALIFICATIONS: 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, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
Associate's degree or equivalent from two-year college or technical school; or one to two years related experience and/or training; or equivalent combination of education and experience. A good understanding of financial institution products and services is also necessary.
TECHNICAL SKILLS:
Must be proficient in Microsoft Word and Excel. The ability to work with various browser-based systems and software systems is mandatory. Must be willing to learn new systems and not have any issues with emerging technology.
LANGUAGE SKILLS:
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and policies using proper grammar and accurate spelling. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
MATHEMATICAL SKILLS: Ability to calculate figures and amounts such as discounts, interest, and percentages.
REASONING ABILITY:
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations. Desire to understand and utilize systems to their utmost capabilities. Organizational, priority setting, and decision-making skills are also required.
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.
While performing the duties of this job, the employee is regularly required to sit; use hands and fingers to operate office equipment such as keyboards, telephones, etc. and to talk and hear. The employee frequently is required to reach with hands and arms. The employee is occasionally required to stand; walk; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and ability to adjust focus.
WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate to above moderate.
Equal Opportunity Employer, including disability and protected veteran status.
