Commercial Loan Administration Specialist

Your specific duties will include:

• Collaborate directly with commercial lending staff throughout the loan origination, approval, and closing processes.
• Order and track required documentation for loan approvals, including appraisals, title policies, and environmental reports.
• Perform necessary account file maintenance and process transfers, payments, and loan payoffs for businesses transactions, including participations purchase and sold loans on the core system.
• Perform account file maintenance and process business-related transactions such as transfers, payments, and loan payoffs, including participation loans (purchased and sold) within the core system.
• Creates, maintains, organizes, and updates collateral, credit, and appraisal files.
• Support commercial lending staff on maintaining lending pipeline.
• Assist with initial loan inquiries and gather required documentation from applicants.
• Manage delinquency reports and contact member when appropriate.
• Obtain and verify all loan-related documents, including title documents and loan payoffs.
• Accurately compile, input, and validate all monetary data necessary to execute and document loans.
• Review loan authorization requests and all attachments to determine documents required to produce the loan according to CU underwriting guidelines, policies, and regulations.

Deposits

• Maintain a working knowledge of business deposit account functions, systems, and documentation. 
• Works directly with applicant to collect documentation to open membership, deposit accounts and update core system as applicable.
• Develop and refine procedures, checklists, and process flows to enhance operational efficiency.
• Responsible for managing mail, emails, applicant deposit inquires and online requests.
• Review approved loan requests/documents and board loan on core system.
• Develop and maintain procedures, checklists, and tracking systems to manage loan covenants and compliance requirements.
• Monitor and follow up on loan covenants to ensure ongoing member compliance with loan terms.
• Recommend products and services to business members and individual members, assist commercial lending officers with basic front-end sales efforts.
• Research and resolve loan-related inquiries from members and internal departments.
• Maintain up-to-date knowledge of business and commercial lending policies, procedures, and operational tasks.
• Responsible for managing applicant loan inquiries and online requests.
• Responsible for vendor payments and invoice processing related to loan services.

Required qualifications for the position include:

• 5 Years Business lending experience 
• A high school diploma or equivalent.

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