Commercial Loan Assistant

VisionBank•Grimes, IA

About The Position

Under direct supervision, but following established policies and procedures, processes loans from application to closing. Establishes loan files, prepares loan documents and processes loan files after closing to ensure that documents are recorded with proper recording authority. Inputs loans into bank computer systems and verifies loans input by other Loan Assistant I’s. Processes loan advances and payments including loan payoffs. Provides professional, timely and courteous customer service to both internal and external customers. Responsibilities include; maintaining lending department specific files, typing routine letters and memos, preparing correspondence in final form, maintaining files and records, and completing special projects as assigned.

Requirements

High school diploma or general education degree (GED). Prior banking experience preferred.
Ability to read and comprehend simple instructions, short correspondence, and memos.
Ability to write simple correspondence.
Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
Ability to add, subtract, multiply, and divide.
Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions.
Ability to deal with problems involving a few concrete variables in standardized situations.
To perform this job successfully, an individual should have knowledge of Spreadsheet software, Word Processing software, Internet and Outlook E-mail.
Must be able to travel to all bank locations using own transportation.

Responsibilities

Review loan worksheets and orders reports necessary to process loans, including but not limited to credit reports, title and lien searches, appraisals, surveys, and title insurance commitments.
Prepare loan documentation and paperwork for loans of individual borrowing structures, single entity borrowing structures on both Ag and Commercial loans, in accordance with bank policy/procedures.
Make necessary filing, recording and acknowledgments to perfect liens.
Enter new loans into the bank database and disburse loan.
Set up and maintain customer loan files.
Process paid loan files including terminating or releasing loan collateral.
Track customer and collateral information and follow-up on exception items as needed.
Request and obtain evidence of appropriate insurance coverage for each loan according to established procedure/policy.
Maintain and service existing loans with a minimal amount of guidance and assistance.
Review loan documentation, new loans entered and the maintenance of existing loans for accuracy and completeness.
Prepare loan tickets, including loan advances and payments, as required for processing loans and perfecting collateral.
Process credit inquiries.
Provide back up support for other Loan Assistant I positions.
Provide customer service to internal and external customers in a professional, timely and courteous manner.
As necessary, recommend changes in procedures which improve the operation of the loan assistant department.
Adhere to State and Federal Banking regulations.