Lending Assistant to the CLO

Language Ability:

High level of verbal and written communication skills.  Ability to interface effectively with other banking professionals including loan officers, credit managers, attorneys and title companies. Ability to read and interpret documents such as corporate & personal tax returns, loan documentation, real estate appraisals and environmental reports, bank policy and procedure manuals.  Ability to write routine reports and correspondence.  Ability to speak effectively before groups of customers or employees of organization.

Math Ability:

Ability to calculate figures and amounts such as ratios, interest, amortization calculations, loan payment calculations and percentages. 

Reasoning Ability: 

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Computer Skills: 

To perform this job successfully, an individual should have intermediate or better knowledge of Microsoft Word and Excel.

Knowledge:

Thorough knowledge of commercial, consumer and real estate loan documentation.  Expertise in the perfection of security interest through collateral documentation.  Extensive loan closing knowledge including commercial loans, commercial real estate loans, single family real estate loans, letters of credit and consumer loans.  Working knowledge of lending regulations including but not limited to the Uniform Commercial Code (UCC), Home Mortgage Disclosure Act (HMDA), Truth in Lending, Equal Credit Opportunity Act (ECOA), Community Reinvestment Act (CRA) and Real Estate Settlement Procedures Act (RESPA). 

Essential Duties and Responsibilities include the following.  Other duties may be assigned.  

• Respond to customer inquiries on a wide range of Bank services such as account transactions, Money Market & CD rates, loan status inquiries and new account requirements.
• Gather data and prepare loan worksheet approval for new loans and renewed loans for officer approval.
•  Prepare attorney real estate loan instructions for all loans, order title commitment or lien search, flood letters & gather information on appraisal order. 
• Review insufficient funds report on a daily basis and contact customers as well as prepare transfers or loan advances to cover insufficient accounts. 
• Prepare loan advances and pay downs at customers’ request. 
• Assist customers with wire transfers, stop payments and account transfer of funds. 
• Monitor loan and credit exceptions and take necessary actions to clear. 
• Pull past due loan and maturing reports weekly and at month end for officer. 
• Notarize documents. 
• Interact positively with other departments and offices of Plains State Bank to achieve a teamwork environment by maintaining external and internal customer service.