Commercial Loan Processor III

About The Role

Join one of the best banks in Arizona.
Thanks to our amazing team, Foothills Bank has been named a Top Company to Work for in Arizona for five consecutive years!

Assists loan officers in producing new loans and servicing existing loans in the portfolio. Maintains credit and collateral files and tracks file documentation. Coordinates loan closings and assists customers in lenders absence. Expertise as an experienced processor serves as a resource to other team members.

• Provides loan processing services for loan officers throughout the company and administrative support for officers within the unit. Ensures all required documentation is in the file. Reviews and maintains required loans documentation to ensure compliance with all federal, state, and credit union requirements.
• Coordinates loan closing with lending personnel and completes remote document delivery.
• Ensures the final title policy is received and review for accuracy.
• Completes regulatory due diligence to validate information required for documentation; obtain and/or conduct a thorough review of corporate and collateral documentation, i.e., certificates of existence, flood determinations, appraisals, lien searches, title searches/commitment to check for accuracy, completeness and compliance with loan approval guidelines and internal policies.
• Identifies, inputs and maintains outstanding tickler items to ensure follow‑up items are being reported, tracked and resolved properly. Provides checklists of needed documents to the assigned Relationship Manager. Keeps lender aware of documentation exceptions.
• Sets up customer and account information on financial institutions database and mainframe system; disburses proceeds after the loan has been closed.
• Reviews approved credit memos to understand the type and structure of the loan in order to correctly identify the necessary loan documents and fund the loan accurately and in a timely manner.
• Regular and predictable attendance is an essential function of this job.
• Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Education and Experience:

• 5+ years’ experience as a Commercial Loan Processor
• High School degree or equivalent

• Significant Interpersonal skills
• Strong communication skills – both written and oral
• Ability to perform collateral perfection, including real property and UCC
• Must be PC literate

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 often required to: sit; use hands in repetitive motions to finger, grasp, handle or feel; and talk or hear. The employee is occasionally required to: stand; walk; and lift or reach with hands and arms.

Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. Must be able to routinely perform work on computer for an average of 6‑8 hours per day, when necessary. Must be able to work extended hours or travel off site whenever required or requested by management. Must be capable of regular, reliable and timely attendance.

Must be capable of climbing / descending stairs in an emergency situation.

Specific lifting abilities required by this job include lifting up to 10 lbs.

Specific vision abilities required by this job include:
The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading; visual inspection involving small defects, small parts, and/or operation/inspection of machines and/or using measurement devices at distances close to the eyes.

Must be able to routinely perform…