Job Application - Interstate Bank

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Commercial Lending Assistant

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OBJECTIVE:

Performs a variety of administrative duties in support of the Lending Department in conformance with the Bank ‘s policies and procedures

 

ESSENTIAL FUNCTIONS:

·         Assist and support Commercial Lender in the loan documentation process, closing loans, perfecting liens, maintaining credit and collateral files and processing payments and advances.

·         Complete loan documentation checklist, order lien searches, title commitments, O&E's and flood reviews.

·         Respond to customer inquiries about existing commercial loans.

·         Close new and renewed commercial loans and ensure accurate execution of all documents and receipt of all fees.

·         Input new and renewed loans including collecting and tracking of loan fees to ensure proper income reporting.

·         Process requests for loan advances and ACH loan payments.

·         Verify availability of funds, maturity date and borrowing base availability to ensure proper credit of requested funds.

·         Prepare GL tickets manually on loan payments, advances, loan fees, recording and related fees and transfers and send to proof department.

·         Daily post loan advances and payments.

·         Process refunds of overpayments on loan payoffs to ensure accurate balancing of the payoff transaction.

·         File liens on Bank's collateral with the proper agencies within 24 hours from loan closing to ensure Bank's collateral position.

·         Maintain tickler system daily to ensure liens are filed, insurance remains in force, and borrower financials are gathered timely, as required by LO or SLC.

·         Create and maintain commercial loan credit and collateral files according to the Bank's Credit Policy after loan closing to ensure standardization of files.

·         Prepare pay-off letters for commercial loans

·         Process credit references and verifications of loan and deposit balances. Process all paid loans within 30 days of payoff and forward documents to appropriate recording office for prompt and proper release of all liens.

·         Post wires for Loan Payoffs.

·         Prepare the Monthly SBA Report.

·         Service Participation Loans.

·         Hub File every two weeks.

  • Is familiar and complies with applicable bank policies and all banking regulations including, but not limited to BSA, USA Patriot/CIP requirements, AML and other regulations
  • Collection calls, as needed, for payments and credit file documentation requests
  • Other Duties as may be assigned

 

REQUIREMENTS/QUALIFICATIONS

 

Education and Experience:

  • High School diploma required; Associate degree preferred
  • 3-5 years of related business or financial experience
  • Experience with loan/mortgage industry experience and/or title insurance experience

 

 

Skills and Competencies:

  • Basic knowledge in MS Word & Excel.
  • Detail oriented team player that can multi-task and handle workloads with deadlines

 

WORKING CONDITIONS:

Traditional retail office environment

 

PHYSICAL DEMANDS:

Interstate Bank promotes an equal opportunity workplace, which includes reasonable accommodations of otherwise qualified disabled applicants and employees.  Please contact Human Resources with questions regarding the physical demands of this job.

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