Commercial Loan Assistant - Des Moines, IA

Equity Bank•Des Moines, IA

5d•Onsite

About The Position

The Commercial Loan Assistant supports commercial lending activities by processing and closing loans, completing pre-closing requirements, preparing and organizing loan documentation, and assisting with portfolio management. The position works closely with Loan Officers, Credit Department, Loan Operations, vendors, and borrowers to help ensure accurate loan processing, timely closings, and compliance with applicable laws, regulations, and bank procedures. This is a full-time, hourly, on-site position in Des Moines, Iowa. The role regularly works in an office setting and uses computers and electronic media. The position also involves regular standing, walking, bending, and squatting, with occasional lifting or moving of up to 25 pounds.

Requirements

High school diploma or equivalent.
Excellent interpersonal skills and a professional manner.
Computer skills, especially the ability to work in Windows-based systems.

Nice To Haves

1–3 years of banking experience preferred.

Responsibilities

Process and close commercial loans while providing accurate and detailed support.
Complete all pre-closing requirements.
After loan approval or issuance of a commitment letter, request an estimated closing date, prepare the loan document request form, enter loan information into Easy Lender, gather supporting documentation, and submit requirements for document preparation.
Close loans with the Loan Officer, collect required borrower fees for deposit to loan suspense, and prepare funding materials, including wiring instructions when applicable.
Send applicable documents for recording, including mortgages, assignments, mortgage modifications, SNDA documents, and landlord consents.
Copy the original note for the file, send required booking documentation to Loan Operations, and prepare Blue/Red Files with loan documents and supporting materials for post-closing document review.
Assist in managing the Loan Officer’s portfolio.
Assist with pre-underwriting requirements and documents for the Credit Department when needed.
Discuss and create action plans with the Loan Officer concerning exception lists, delinquency/overdraft/past-due lists, maturities, and miscellaneous filings.
Follow up on recorded mortgages or final title policies.
Process advance or draw requests as directed and verify compliance.
Stay up to date on laws and regulations, complete responsibilities needed to maintain compliance, and follow bank processes and procedures.
Maintain active, open communication and provide quality customer service to internal and external customers.
Communicate as needed with Loan Officers, the Credit Department, Loan Operations, vendors, and borrowers.