Commercial Loan Coordinator

Full Time

Madison-Davis

EXTERNAL ROLE

  • Provides support to all assigned areas of the department where service or assistance is needed; acts as a backup for various loan department positions and functions.
  • Assists the Loan Quality Control Officer in reviewing loan documentation requests and completed loan packages for all branches; assists in HMDA and various compliance reviews; provides support for various special projects as directed.
  • Assists the Loan Department Supervisor in conducting call back procedures related to loan boarding on a daily basis; assists in the preparation of monthly board reports; provides support for various special projects as directed.
  • Performs lead duties including assigning and reviewing work for accuracy and completeness, assisting others in resolving problems, approving transactions within authority levels and training others in department operations.
  • Performs all related Loan Department Specialist responsibilities including, but not limited to; running credit reports and conducting account research; processing consumer, commercial and real estate loan payments and advances; reviewing loan approvals for completeness; generating loan documents; preparing and sending commitment, engagement, auction and decline letters; boarding loan documents on the Bank’s computer systems; maintaining credit files; and closes paid loans and terminates collateral when applicable.
  • Works with insurance policies and related reports; contacts agents; works closely with loan officers and customers to ensure proper insurance is received and maintained.
  • Analyzes and processes all incoming draws, reviews documentation for proper approvals and makes loan disbursements to voucher control company or borrower in accordance with contracts.
  • May process interest payments from the Bank’s interest reserve.
  • Monitors collateral addenda’s and other tickler system to ensure proper receipt of UCC, Deeds of Trust, and Title Policy filings and other documentation.
  • Sorts and distributes daily and monthly loan reports to applicable branches or departments.
  • Answers the telephone; responds to routine loan officer or customer inquiries relative to account balances, loan balances and payoff requests.
  • Assists loan officers and other personnel to ensure proper related documentation is prepared and/or provided.
  • Provides effective customer service and assists in resolving problems within given authority.
  • Calculates loan pay off amounts for all types of loans.
  • Cross-trains less experienced loan department personnel in all loan servicing functions.
  • Types routine letters, reports and forms.
  • Demonstrates knowledge of and adherence to Equal Employment Opportunity (EEO) policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
  • Assures compliance with all Bank policies and procedures and all applicable state and federal banking laws, rules and regulations.
  • Completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the Bank through outside activities.
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