Commercial Loan Assistant
About The Position
We are seeking an individual who will provide administrative support to an assigned Commercial Loan Officer(s) by assisting in the coordination of loan documentation requests and portfolio management. This individual is responsible for ensuring all supporting documentation is received and reviewed in accordance with credit policy and procedures and all applicable laws and regulations prior to requesting loan documents on new loans, renewals, and extension requests. Additionally, this individual will assist commercial loan officers with exceptions, ticklers, covenant compliance, maturities, delinquencies, and other administrative duties as required.
Requirements
- High school diploma or equivalent.
- To be considered, must have previous experience in a banking or financial services environment and should consist of credit or loan processing background
- Strong organizational skills and attention to detail.
Nice To Haves
- Associate's degree in finance, business, or a related field.
- Experience with commercial lending processes and documentation.
- Proficiency in loan processing software and Microsoft Office Suite.
Responsibilities
- Loan Intake & Processing: Reviews incoming loan requests or updated financial packages for accuracy.
- Creates workflows for loan applications onto the commercial lending software for further review and underwriting.
- Coordination with Underwriters and Loan Officers: Works closely with the underwriters and Commercial Loan Officers to obtain a complete loan package.
- Coordinates the timing of approval, including obtaining or ordering financials, tax returns, appraisals, prelims, and other necessary reports.
- Loan Documentation Management: Manages the overall process and integrity of Loan Documentation Requests upon loan approval.
- Compiles and coordinates complete loan documentation packages, including entity documentation, preliminary title reports, UCC searches, and other necessary items.
- Escrow Coordination and Report Ordering: Coordinates the opening of escrows, obtains title fees, and orders third-party required reports.
- Includes credit reports, UCC lien searches, preliminary title reports, flood reports, and other applicable reports.
- Customer & Internal Support Respond to routine customer and internal inquiries regarding loan servicing
- Process withdrawn or declined loan applications and prepare adverse action notices
- Provide customer service and assist in resolving issues withing assigned authority
- Construction Loan Budget Preparation: Assists Commercial Loan Officer and Construction Servicing in the preparation of construction loan budgets.
Benefits
- Employees may be considered for annual performance-based salary increases; eligibility and amount are determined by individual performance and business needs.
- Oak Valley Community Bank also offers a comprehensive benefits package that includes medical, dental, vision, retirement savings with employer match, paid time off, and other voluntary benefits.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
Number of Employees
101-250 employees
