Commercial Loan Specialist

Description

TITLE: Commercial Loan Specialist

DEPARTMENT: 911 – Credit Administration

JOB SUMMARY:

The Commercial Loan Specialist is primarily responsible for preparing loan documents, maintaining loan files and other servicing responsibilities associated with the bank’s commercial and/or consumer loan portfolio, while complying with credit policy and regulatory guidance. This position will work closely with commercial compliance issues. This position is generally assigned to more complex portfolios and/or alignments.

ESSENTIAL FUNCTIONS:

• Assist in applying due diligence in compliance with loan policy, standard operating procedures and approved structure for each credit in regard to the preparation of commercial loan documentation and make necessary disbursements.
• Record and release all types of collateral documents.
• Assist with clearing loan exceptions/ticklers.
• Effectively communicate with and assist officers, employees, clients and local professionals with any questions or research they may request to satisfy their clients’ needs.
• Assist with a wide range of servicing duties related to loan and depository relationships.
• Maintain knowledge of company policies and procedures as well as internal audit procedures, legal regulations, and requirements.
• Prepare documents accurately for new and renewal loan closings.
• Create and maintain accurate commercial loan files and properly execute imaging procedures.
• Ensure proper recording of liens, prepare mortgage releases in satisfaction of loans, abstracting, and mortgage filing.
• Review files after closing to ensure that all documents are signed and checks prepared for disbursement, advance loans, send payoffs, pay invoices and other post close duties.
• Adhere to regulations for commercial loan compliance, HMDA (Home Mortgage Disclosure Act), Flood Determination guidelines, Bank loan policy and procedures and all lending regulations.
• Verify posted loans from the previous day for accuracy and completeness.
• Verify corporate and trust documents for proper signing authorities.
• Review insurance certificates and taxes for conformance with bank requirements for new loans, modifications and/or renewals.
• Respond to telephone and in-person inquiries from commercial loan customers, regarding loan requests, etc. or forward inquiries to the party best able to respond to the customer.
• Self-motivated to help others within the team without being directed.
• Provide leadership, guidance and training to co-workers with internal or client inquiries or issues.
• Create HMDA input sheets.
• Obtain payoff information as necessary.
• Record 1099 tax information for real estate transactions.
• Assist in the development of procedural manuals and supporting documentation to accomplish tasks/duties inherent in the position.
• Assist manager with special projects as assigned.
• Prepare and maintain various reports and documents.
• Provide prompt, courteous, and excellent service to internal and external customers at all times.
• Comply with all company or regulatory policies, procedures and requirements applicable to this position.
• Foster and preserve a culture of inclusion.
• Additional duties and responsibilities may be required to support the company’s mission, vision and values.

QUALIFICATIONS:

• High School diploma or equivalent required. Bachelor’s degree in business, finance or another related field preferred.
• Minimum of three years consumer/commercial loan documentation and processing or a combination of equivalent education and experience.
• Ability to interpret, analyze, and communicate financial information effectively to a wide range of clients and audiences.
• Ability to perform multiple tasks in a fast-paced environment while paying attention to detail.
• Capability to work and collaborate with a variety of individuals…