Commercial Lending Assistant
About The Position
The Commercial Lending Assistant supports commercial loan origination, closing, servicing, and department operations. The role obtains and reviews preliminary title reports, organizational documents, and other documentation associated with commercial loan closings; documents and closes new and renewal loan requests; processes loan payments and advances; and builds and organizes commercial loan files. The assistant tracks and updates commercial loan ticklers and covenants and maintains collateral files, including extending UCC filings and recording deeds of trust. The position assists Commercial Loan Officers and Assistant Commercial Loan Officers, obtains daily and monthly department reports, and helps members and the department open depository accounts and access services such as online banking, remote deposits, and ACH transactions. It also orders third-party documents and reports, creates commercial loan documents using Lazer Pro, and boards commercial loans onto the Credit Union’s core system. Other duties may be assigned.
Requirements
- Strong understanding of commercial loan products, class codes, loan terms, purpose codes, collateral codes, and related commercial lending terminology.
- Good communication skills.
- Good computer skills, including Word, Excel, DNA, Lazer Pro, and Co-Pilot.
- Good organizational skills.
- Ability to work independently.
- Willingness to learn new duties.
Responsibilities
- Obtain and review preliminary title reports, organizational documents, and other documentation associated with commercial loan closings.
- Document and close new and renewal loan requests.
- Process loan payments and advances.
- Build and organize commercial loan files.
- Track and update ticklers and covenants for commercial loans.
- Assist Commercial Loan Officers and Assistant Commercial Loan Officers with their duties.
- Obtain daily and monthly reports for the department.
- Assist members and the department with opening depository accounts and setting up online access, remote deposits, and ACH transactions.
- Maintain collateral files, including extending UCC filings and recording deeds of trust.
- Order third-party documents and reports, including flood certifications, preliminary title reports, credit reports, NADA reports, and Carfax reports.
- Build and create commercial loan documents using Lazer Pro.
- Board commercial loans onto the Credit Union’s core system.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Education Level
No Education Listed
