Commercial Loan Assistant - Des Moines, IA

Equity Bank•Des Moines, IA

6d•Onsite

About The Position

The Commercial Loan Assistant supports the commercial lending team by processing and closing commercial loans, completing pre-closing requirements, preparing and organizing loan documentation, coordinating funding and recording, and preparing files for post-closing review. The role also assists with management of loan officers’ portfolios, including monitoring exceptions, delinquencies, past-due accounts, maturities, recorded mortgages, title policies, and loan advances or draws. The assistant follows applicable banking laws, regulations, processes, and procedures, and communicates with loan officers, credit and loan operations teams, vendors, and borrowers to provide quality service. The position is full-time, hourly, and based on-site in an office setting in Des Moines, Iowa.

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, including requesting estimated closing dates, preparing loan document request forms, entering loan information into Easy Lender, gathering supporting documentation, and submitting requirements for document preparation.
Close loans in coordination with the Loan Officer, collect required borrower fees for deposit to loan suspense, and prepare applicable funding materials such as wiring instructions.
Send applicable documents for recording, including mortgages, assignments, mortgage modifications, SNDA documents, and landlord consents.
Copy original notes for the file, send required booking documentation to Loan Operations, and prepare Blue/Red Files with loan and supporting documents and financial information for post-closing review.
Assist loan officers with portfolio management, including pre-underwriting requirements or documents for the Credit Department on a case-by-case basis.
Discuss portfolio issues with Loan Officers and create action plans for exception lists, delinquency/overdraft/past-due lists, and matured loan lists.
Perform miscellaneous filing and follow up on recorded mortgages or final title policies.
Process loan advance or draw requests as directed and verify compliance.
Stay current on laws and regulations, complete responsibilities needed to maintain compliance, and follow bank processes and procedures.
Maintain active, open communication and provide quality service to internal and external customers, including Loan Officers, the Credit Department, Loan Operations, vendors, and borrowers.