Commercial Loan Coordinator

Landmark Credit Union•Appleton, WI

About The Position

The Commercial Loan Coordinator supports Landmark Credit Union’s Commercial Banking Department by administering commercial loan closings. The role handles due diligence requests, orders and reviews loan closing documents, and manages the closing process. It involves regular contact with existing and prospective members and with professional providers working with the Commercial Banking Department. The position reports to the Sr Manager, Commercial Banking Operations.

Requirements

High school diploma or equivalent, and at least five years of experience preparing and/or reviewing legal or financial documentation; a combination of education and experience will also be considered.
Experience with, or ability to become proficient in, programs and systems used for the job, including Microsoft Office and systems for documentation preparation, review, or exception tracking.
Excellent verbal and written communication, problem-solving, and organizational skills, and ability to work independently as a team member in a dynamic environment.
Ability to organize work, balance multiple priorities, manage projects in a fast-paced and flexible environment, maintain strong attention to detail, and meet defined deadlines.
Ability to use independent judgment and discretion while maintaining a high degree of confidentiality.
Strong interpersonal skills, a positive attitude, and a desire to help people.
Thorough understanding of company policies and procedures related to the position, and ability to comply with applicable job-related state and federal laws and regulations.

Nice To Haves

Demonstrated knowledge of the structure and requirements of all types of loan processing.
Real estate and commercial documentation experience.

Responsibilities

Serve as liaison among lenders, external legal counsel, title companies, and internal credit and loan processing departments to facilitate loan closings.
Manage the loan closing pipeline and communicate timelines to internal loan processing staff, lenders, title companies, and attorneys.
Request and review supporting documents and due diligence items, including organizational documents, title work, flood searches, collateral insurance, and loan payoffs; request updates or corrections when needed.
Order payoffs of liens to be satisfied with new funding.
Confirm title, vehicle, and UCC searches were properly completed and that the collateral position meets standards; obtain updates or corrections as needed.
Prepare checklists for ordering loan closing document packages and send them to the processor with supporting documents and due diligence materials.
Review credit approval presentations and completed loan closing packages for accuracy, compliance, and adherence to loan approval guidelines.
Attend in-house closings as needed to support the lender and member and provide notary services; review documents after closing to confirm required signatures and completion.
Send fully executed loan packages to processing staff for booking, lien filing, vendor payments, and other steps needed to complete the loan file.
Provide backup support to Processing Staff as required.
Perform other duties as assigned.