Business Loan Servicing Specialist

Choice Bank•Golden Valley, MN

1d•$18 - $26

About The Position

The Business Loan Servicing Specialist supports the commercial lending function in compiling the information necessary to request loan documents, reviews documents for accuracy, and ensures all conditions have been met prior to loan closings. The Business Loan Servicing Specialist is responsible for the organization and completion of loan files after closing and supports the ongoing maintenance of the loan relationship and related documents.

Requirements

2-year Degree in Accounting, Finance, Business Administration or related field or equivalent combination of education and/or experience in commercial loan operations.
Has knowledge of commonly used concepts, practices, and procedures necessary to perform the functions of the job.
Assists with departmental projects.
Performs assigned duties within the department.
Understands and utilizes Loan Operating Systems.
Works under regular supervision.
Limited to specific duties within the department.
Leads as a team player with excellent interpersonal skills and develops partnerships
Takes initiative by proactively identifying what needs to be done and acts
Communicates effectively with excellent written and oral communication skills
Promotes and administers change and accepts diversity
Exhibits problem-solving, analytical thinking, and decision-making skills
Fosters open communication
Follows policies and procedures
Proficient computer skills including Microsoft Office (Word, Excel, Access)
Must work in an efficient, systematic way
Must display consistency, thoroughness, attention to detail, and strong organizational skills
Use sounds judgment in prioritizing tasks to work under tight deadlines

Responsibilities

Loan Origination and Closing Responsible for collecting, compiling and inputting accurate loan documentation for all new and renewed loans.
Maintains appropriate approval throughout the loan documentation process through closing and initial funding.
Ensures compliance requirements are satisfied, approval conditions are met, collateral is collected with evidence of insurance when applicable, and documentation is properly executed prior to closing and funding a loan.
Ensures appropriate loan related fees are assessed to the borrower and payments to related third parties are processed in a timely manner.
Coordinates the communication between lender, borrower, and involved third parties when necessary throughout the loan closing process to ensure all parties have accurate information and are in agreement.
Ensures collateral is collected and perfected at time of closing
Obtain, review, and archive loan documents including but not limited to financial statements, tax returns and business reports, credit reports, appraisals, flood determinations, lien searches, and loan covenants and conditions.
Prepare tracking, checklists, coding and set-up forms for new, modified, and renewed loans, including FSA, BND, and SBA loan.
Loan Administration Reviews daily reports to ensure loan maintenance accuracy.
Processes loan advances and payments daily.
Assists Lenders and Borrowers with requests for information or follow up on loan related items.
Maintains loan origination platforms for accuracy on borrowers, loan terms, collateral, and tickler tracking.
Completes follow up for miscellaneous monthly loan reporting and tracking items.
Completes extra projects as assigned by management.
Customer Service and Product Support Supports, advances and is responsible for meeting Premier Experience service standards.
Assists with in-branch customer services needs including but not limited to telephone, teller and account opening functions.
Other General & Administrative Assist with completing special projects and assignments as required by department leadership
Actively participate in internal and external continuing education for mortgage loan operations and leadership
Contain knowledge of company products and services
Have a working knowledge of Choice Financials policies and procedures and comply with them
Maintain complete confidentiality with regards to customer accounts, loans and bank relationships
Project a positive image of Choice Financial when representing the organization
Actively support management and organizational goals
Interact with other employees to promote teamwork, communications, trust and respect
Adapt to meet the ever-changing customer and community needs
Performs duties outside normal scope as assigned