Business Lending Associate

Polish & Slavic Federal Credit Union•New York, NY

5d•$22 - $27

About The Position

Polish & Slavic Federal Credit Union is committed to supporting our employees’ overall wellbeing by providing valuable benefits. The credit union proudly offers a competitive benefits package, that includes: Medical, Vision and Dental Insurance, Retirement Plans, Life Insurance Plans, Tuition Reimbursement and Pet Insurance, among other benefits. We also have a generous Paid Time Off policy including Vacation, Personal and Sick Time, as well as, a Birthday Day off.

Requirements

Minimum 2 years experience in lending field, workflow organization and processing procedures.
Comprehensive knowledge of commercial and business lending with completion of formal commercial loan analysis education on the evaluation of financial statements and tax returns, or prior work experience.

Responsibilities

Prepare approved loans for boarding and closing.
Collect required documents and information from borrower(s) in preparation for closing, review pre-closing conditions and gather the necessary approvals to proceed with closing.
Confirm all pre-closing conditions have been satisfied and proper insurance policies have been provided for the subject property.
Communicate with attorneys, borrowers and other related parties to ensure a smooth closing process.
Board new loan on core system(s) and prepare for funding.
Create loan documents using LaserPro or other systems as directed.
Track incoming correspondence from title companies, attorneys, etc.
Collect and scan recorded documents post-closing for each funded loan and upload to appropriate systems and /or electronic storage.
Follow up with attorneys for any missing loan documents.
Create hard copy files with all original (wet signature) documents for each loan.
Order appraisals and request quotes.
Ensure compliance with all policies, regulations and laws in fulfilling all aspects of job responsibilities.
Assist manager in preparing monthly closing pipeline reports.
Perform other duties as assigned by manager or as needed.