COMMERCIAL LOAN ASSISTANT

Freedom Credit Union•Springfield, MA

9d•$26 - $36

About The Position

Performs processing, research, and clerical duties in support of the Commercial Loan Department and in accordance with the Credit Union’s MBL policies and procedures. The role supports commercial loan preparation and closing, loan account setup and maintenance, customer inquiries and transactions, document and filing monitoring, and required reporting.

Requirements

Associate’s degree or equivalent from a two-year college, and/or two years of related commercial lending experience and/or training, or an equivalent combination of education and experience.
Strong written, oral communication, interpersonal, and organizational skills.
Ability to prioritize, handle multiple responsibilities, and meet deadlines.
Attention to detail.
Ability to use office equipment, including PCs with Microsoft Office programs, Word, and Excel.
Familiarity with legal documentation related to commercial loan closings.

Responsibilities

Prepare and review commercial loan commitment letters, closing documentation, and closing checks; prepare loan modifications; and coordinate closing schedules with lenders and closing attorneys as needed.
Monitor receipt of closing documents and follow up on missing items after commercial loan closings.
Create new credit files or modify existing files to accommodate loan documents, and remove paid documents from credit files for storage in Credit Union archives.
Set up and maintain commercial loan accounts, including entering required information into the loan and core systems for loan servicing.
Process loan payments, line-of-credit transfers, payoffs, and other transactions as needed.
Answer telephone calls and respond to commercial loan and related customer inquiries, including billing questions, line-of-credit advance requests, payoffs, and partial releases, within the scope of authority and expertise.
Monitor UCC filings for commercial loans, ensure new filings are submitted after closings, and ensure existing filings are continued before expiration.
Assist in tracking financial statements through a database program and prepare financial statement letters to loan customers as needed.
Update and monitor the exception report and other MBL reports in accordance with MBL Policy.
Complete the Colson SBA month-end report for submission to the SBA within the required timeframe, and prepare other month-end reports as needed.