Loan Associate

Description Position Summary

A Loan Associate is essentially a loan officer in training. Their primary job is to support loan officers with their daily tasks in order to facilitate smooth loan transactions. A loan assistant is responsible for processing loan applications in compliance with bank policies, meeting investor guidelines and demonstrating lending strategies. This individual also provides loan support functions to include documentation origination and evaluating loan servicing, authorization, and/or recommend the approval of commercial, credit, or real estate loans.

• Meets with loan officers to determine what tasks need to be addressed.
• They can attend meetings between loan officers and customers where the loan officer is trying to determine customer needs and negotiate deals
• Contact and meet with customers to gather information, answer questions and update them on the loan status
• Manages the loan processes to include pre-processing steps (ordering title policies, EDR, surveys, etc.), processing steps (preparation of loan documents and closing coordination), and post-closing (monitoring and booking of the loan)
• Orders revision loan documents, appraisals, and environmental documents as determined
• Orders updated customer financial statements as needed
• Acts as liaison with various departments. Responsible for providing services to commercial customers including but not limited to answering questions, the processing of loans, payments, financial analysis, statements, etc.
• Reviews documentation for renewals and restructures as approved by management
• Assists with arranging renewal closings and restructure loans
• Effectively processes loan requests under supervision, by obtaining, verifying, completing, and maintaining the necessary loan documentation
• Conducts research and reviews liens, title searches, and title commitments and works with Loan Officer to clear all exceptions
• Processes and completes construction draw, payments, new loans, and renewals
• Reviews accepted collateral types for appropriate documentation
• Provides support in recording and filing pertinent collateral documents (i.e.. Deed of Trusts, UCCs, Fishing Vessel Mortgages)
• Provides support in maintaining loan files and following up with annual reviews and financial tracking
• Assists other lenders and employees as needed
• Answers incoming calls, assists loan customers with questions both in person and on the phone
• Presents credits to Loan Committee for approval
• Attends meetings with customers as well as meetings for their department, branch and the entire bank. Attends other meetings as assigned
• Assures customer service is a top priority whether internally or externally, treating customers and employees professionally, with courtesy, and respect
• Actively sells and promotes the company’s full line of services and products
• Reviews credit memos and loan files to ensure they have all the pertinent information necessary to create loan documents
• Assists Loan Servicing in ensuring all disclosures are completely error-free
• Assists Loan Servicing in creating and proofing loan documents for consumer and commercial loans
• Reviews loan documents for consumer and commercial loans
• Provides support in booking loans and collateral information into the internal banking system
• Stays current on loan policies and procedures for the bank and at the regulatory level
• Liaisons with the Legal Service Department and ensures that protocol is maintained
• Expands relationships with existing clients and brings in new relationships to the bank
• Generates leads through well-established relationships with professional advisors and continues to cultivate a network of additional professional advisors
• Analyzes, structures, and negotiates complex loan opportunities to win new business in accordance with policies and sound risk management practices
• Oversees and negotiates the preparation of documentation necessary for the financing agreement
• Be familiar with the employee handbook and will be held accountable to the standards of conduct and expectations detailed therein.
• Performs other duties as assigned

The physical demands…