Central Loan Processor III - Commercial Loans

First National Bank Alaska•Anchorage, AK

65d•$21

About The Position

Start a career with First National Bank Alaska, the Best Place to Work in Alaska as recognized 10 years in a row by Alaska Business magazine readers. We are adding to our Commercial Lending Unit! Loan Processors act as the intermediary between lenders and borrowers with a hand in front- and back-end loan-processing actions. The successful candidate will have some lending experience, analytical and logistical thinking skills, comfort with financial figures and detailed documentation, customer service skills, excellent written and verbal communication, time management and organizational skills. Salary: $20.50/hour minimum. Job/salary offer would be commensurate with job level and experience. Schedule: Monday-Friday GENERAL PURPOSE SUMMARY Prepares and ensures accurate completion of loan documentation for commercial loans in accordance with all applicable procedures by performing the following essential duties and responsibilities: ESSENTIAL DUTIES AND RESPONSIBILITIES Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Requirements

Minimum: Associate's degree in accounting, bookkeeping, or related field and one year consumer loan processing, mortgage lending, loan servicing, banking, or related experience; or two years mortgage lending, loan servicing, banking, or related experience; or equivalent combination of education/training and experience.
Ability to keyboard 35 wpm and operate a 10-key calculator by sight required.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively present information and respond to questions from groups of managers, customers, and the general public.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Ability to compute rates, ratios, interest, discounts, and percent.
Ability to apply concepts of basic algebra.
Ability to apply common sense understanding to carry out instructions in written, oral, or diagram form.
Ability to deal with problems involving multiple variables.

Nice To Haves

Eighteen months customer service experience.
Word processing, spreadsheet software, and loan calculation and loan documentation software experience preferred.

Responsibilities

Obtains and reviews commercial loan applications and supporting documentation for information necessary to identify class, purpose, product, collateral, and borrower information including corporations, LLC's, partnerships, and Alaska Native Corporations.
Confirms identity of persons authorized to act on behalf of borrower, and reviews and collects information about collateral and the condition of title to collateral.
Assists more advanced loan processors, processing supervisors, and branch lending personnel in documenting encumbrances of title to collateral and satisfying requirements respecting insurance against loss to collateral in accordance with established procedures.
Prepares and compiles commercial loan documentation using bank loan production software.
Prepares loan documentation according to various investor guidelines.
Coordinates loan closing with branch lending personnel and/or performs loan closing with the customer assuring proper regulatory disclosure in accordance with established procedures.
Ensures correct billing, reporting, and collateral tracking by preparing and entering borrower, guarantor, cosigner, collateral, insurance, and other loan information on mainframe.
Properly disburses loan funds according to signed disbursement requests by preparing online or paper transactions including cashier's checks; and provides correct transaction entry information to branch personnel in order to correctly post and process loan transactions on the mainframe.
Collects information and documentation needed to complete the loan file by communicating with customers, insurance and title companies, and bank personnel. Performs other work-related duties as assigned supervisor.
Researches and responds to customer and branch personnel inquiries regarding loan documents, payment schedules, loan disbursements, payoffs, and other customer inquiries.
Performs other work-related duties as assigned by supervisor.
Stay updated on relevant laws and regulations.
Knowledgeable of and comply with bank policies, procedures, laws and regulations that apply to you and your job.
Maintain customer confidence and protect the bank's operations by you and your delegates by identifying and protecting confidential information.