Commercial Lending Operations Specialist

Blaze Credit Union•Saint Paul, MN

1d•$32 - $40•Onsite

About The Position

This position provides administrative support to the Commercial Lending department, including loan processing and maintenance of the commercial loan portfolio, for commercial loan quality assurance and general loan servicing functions. The role is full-time and on-site at our Empire administrative office in St Paul, MN.

Requirements

Minimum High School degree or equivalent
Minimum 2 to 3 years' experience in banking, preferably supporting lending operations
Experience with LaserPro software preferred
Experience with Fiserv DNA software preferred
Demonstrated Knowledge of Credit Union consumer and commercial products, services, policies and procedures
Demonstrated Knowledge of Microsoft Office and other commercial loan software
Basic math skills
Ability to meet deadlines and work independently with minimal supervision
Ability to use clear written and verbal communication skills
Ability to problem solve, organize multiple tasks and to maintain a courteous demeanor in a busy, high stress work environment
Ability to recognize and troubleshoot system problems and inefficiencies
Ability to interact/respond to members/staff politely based on a general ‘script’; written communications are templated

Nice To Haves

Experience with LaserPro software
Experience with Fiserv DNA software

Responsibilities

Books and funds new MBL and commercial loans utilizing executed loan documents. Modifies and renews existing loans within core system.
Reviews all commercial loan documents for accuracy in accordance with approval.
Performs commercial loan servicing functions such as payments, advances, adjusting receivables, error corrections, payment recasts, setting up automatic transfers, coding, etc.
Processes weekly participation loan remittances and posts participation loan payments received.
Process paid loan files following record retention protocol.
Maintains tickler system.
Reviews daily, weekly, and monthly portfolio management reports.
Provides on-going tracking of tax payments and insurance policies for commercial loans.
Ensures proper completion of legal documents in post-closing review of commercial loans.
Works closely with Commercial Lending Operations Manager regarding core system releases and testing.
Keeps abreast of developments in the commercial loan marketplace.
Coordinate with loan officers to process commercial loan requests by reviewing and evaluating loan applications, corporate documents, purchase agreements, appraisals, title documents, etc. according to policy and guidelines.
Assist loan officers with questions regarding commercial loan products and services.
Communicate with vendors to order appraisals, appraisal reviews, title work, UCC searches, and environmental reports.
Prepare loan documents utilizing loan documentation software.
Make follow-up phone calls or emails to request missing required documents needed to complete the loan closing checklist.
Collect vendor invoices and correspond with accounting to ensure payment.
Provide portfolio management support including, but not limited to, tracking insurance, UCC, HMDA, covenants, delinquency, and matured notes.
Perform general loan file maintenance and uploading documents to electronic loan database.
Comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
Exhibit Blaze’s Core Value’s: Better Lives, Thoughtfully Compassionate, Minnesota’s Best, and Give Back.
Regular and predictable attendance.
Perform other duties as assigned to support effective department operation.