Commercial Loan Processor

Pay: $26.61 to $37.25 per hour

Description
The Commercial Loan Processor is responsible for the processing of all Commercial Loan types including Commercial Real Estate Loans, Letters of Credit, Construction Loans, Lines of Credit, Term Loans (C&I) including renewals, modifications, and extensions. The incumbent is responsible for following the loan progress and assisting throughout the processing, underwriting, documentation draw, funding and closing stages of the loan. In addition, the Loan Processor will ensure the correct and current data is collected from the applicant.
Ensures compliance within all Bank policies and procedures, as well as all applicable state and federal banking regulations.
Essential Duties and Responsibilities include the following:
Work directly with loan officers, customers, title & escrow companies, attorneys, brokers, insurance companies and construction contractors, as well as various other 3rd parties to obtain all required documentation to develop a complete loan file for underwriting
Compile required financial and collateral documentation including required construction loan documents and identify all missing documentation
Review entity documentation, financial statements, tax returns, liquidity statements, schedule of real estate, leases, etc.  to ensure the financial information submitted matches borrowing structure, loan request, financials and declarations
Open escrow through a loan title insurance company. Review preliminary title reports and order any special endorsements, recordings, etc. that might be required with the loan.  Review all title concerns regarding vesting, exception items and legal description
Ensure compliance with applicable regulatory requirements Reg B, OFAC, HMDA, Adverse Action and Flood insurance
Manage loan closing processes to ensure all loan conditions and documentation have been reviewed and are satisfactory to bank and regulatory requirements. This includes subsequent updates and any required final reports
Successful and consistent use of various software and websites to perform duties
Maintain a high level of customer service, communication and professionalism with both internal and external parties to always promote the image and philosophy of company
Attend necessary training to adhere to regulatory compliance and company policies, training may be offsite
Minimum of 10 hours CRA volunteer hours per year. Volunteer hours are typically scheduled within business hours. This is compensable time and mileage is reimbursed
Other duties as assigned
Qualification:
Minimum 4 years’ experience as a Commercial Loan processor
Knowledge of all required financial and collateral documentation for underwriting and understanding of applicable lending compliance regulations
Familiarity with bond financing documentation
Good technical skills including proficiency with Word and Excel programs
Knowledge of loan closing processes including flood insurance guidelines
Ability to multi-task, be detailed oriented, work independently and in a team environment
Experience with various loan types including commercial and construction loans as well as standby letters of credit is extremely desirable
Experience with BakerHill NextGen solution (CLOS) and Fiserv DNA is desirable
Ability to multi-task in a fast-paced environment
Supervisory Responsibilities :
This job has no supervisory responsibilities.
Physical/Mental Demands & Work Environment:
The incumbent in the course of performing this position frequently spends time writing, typing, speaking, listening, operating basic business equipment, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, walking, standing, reading documents or instruments, detailed work, problem solving, client contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and frequent interruptions. The incumbent for this position will occasionally lift up to 15 pounds, pull, squat, kneel and reach. The incumbent is in a non-confined office-type setting in which they are free to move about at will. The work environment is typically quiet to a moderate noise level.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Management reserves the right to change this position description at any time.
Requirements

See qualifications above.
Poppy Bank is proud to offer a competitive compensation and benefits package. The pay range is intended as a general guideline, with individual compensation determined based on a variety of factors, including relevant experience, education and training, internal equity, geographic location, and other business considerations.
Poppy Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
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