Commercial Loan Assistant

Bank of Clarke • Winchester, VA

8d

About The Position

Position Purpose : This position is responsible for supporting a group of Lenders and a complex portfolio of loan customers. They work closely with Lender, Portfolio Manager, internal department personnel and external customers to complete a variety of tasks associated with the origination and servicing of loans. What you’ll do: Input new loan data into the Commercial Lending Loan Origination System. Prepare commitment letters and related correspondence. Support payment processing, upfront fees, construction draws, covenant compliance, and wire transfers. Organize loan document folders and gather required organizational, borrowing resolution, and beneficial ownership documents. Conduct customer due diligence for individuals and businesses. Assist in collecting financial and related reporting for the Commercial Lending team. Assemble and review submitted documentation. Submit appraisal orders and review insurance documents. Order credit bureaus, title insurance, flood certifications, UCC searches, and EDR reports. Coordinate with Loan Processor and closing attorney/title company for settlements. Maintain and update the weekly pipeline report and participate in meetings. Address post-closing items and quality control questions. Process maturing loans and line renewals promptly. Facilitate opening of new deposit accounts. Monitor past due reports. Scan and file loan and financial documents. Frequent interaction with internal and external contacts at all levels. Strong verbal and written communication skills. Communicate effectively and professionally. Perform other assigned duties.

Requirements

• Knowledge of loan terminology and documentation required
• Strong working knowledge of Microsoft Office
• Ability to plan and organize workflow
• Ability to communicate with others and to assimilate and understand information, in a manner consistent with the essential job duties
• Ability to operate assigned equipment
• Ability to communicate effectively and professionally

Responsibilities

• Input new loan data into the Commercial Lending Loan Origination System.
• Prepare commitment letters and related correspondence.
• Support payment processing, upfront fees, construction draws, covenant compliance, and wire transfers.
• Organize loan document folders and gather required organizational, borrowing resolution, and beneficial ownership documents.
• Conduct customer due diligence for individuals and businesses.
• Assist in collecting financial and related reporting for the Commercial Lending team.
• Assemble and review submitted documentation.
• Submit appraisal orders and review insurance documents.
• Order credit bureaus, title insurance, flood certifications, UCC searches, and EDR reports.
• Coordinate with Loan Processor and closing attorney/title company for settlements.
• Maintain and update the weekly pipeline report and participate in meetings.
• Address post-closing items and quality control questions.
• Process maturing loans and line renewals promptly.
• Facilitate opening of new deposit accounts.
• Monitor past due reports.
• Scan and file loan and financial documents.
• Frequent interaction with internal and external contacts at all levels.
• Strong verbal and written communication skills.
• Communicate effectively and professionally.
• Perform other assigned duties.

Benefits

• Offering a full suite of benefits including medical, life, dental, and vision insurance plus generous paid time off.
• Supporting associates and their families; we embrace the importance of caring for oneself and our families.
• Surrounding ourselves with smart, driven, and diverse individuals.
• Valuing integrity, commitment regarding our daily duties, and the Bank as a whole.
• Supporting local philanthropic, cultural, and artistic initiatives and organizations that our employees’ value.
• Devoted to the communities in which we serve as we help those who form the creative backbone of our market’s future economy and business value.
• Bank of Clarke is “Great Place to Work” Certified through June 2025.
• “Top Virginia Employer for Interns” award recipient (2023, 2024,2025) through Virginia Talent and Opportunity Partnership (VTOP.)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed