Commercial Loan Servicing Lead

GESA CREDIT UNION•Richland, WA

9d•$26 - $52

About The Position

The Commercial Loan Servicing Lead’s responsibility will be cross functional over several areas associated with the servicing of Gesa’s commercial loan portfolio. The Commercial Loan Servicing Lead will be responsible for servicing, maintaining and ensuring continuity and perfection of the commercial loan portfolio post funding. They will assist in the internal file audits, third-party audits, and state and federal safety and soundness examinations. This position will require a solid understanding of Gesa Credit Union policies and guidelines, as well as all state and federal laws. This position will be deeply engaged in collaboration across the commercial banking organization.

Requirements

Four (4) year college degree or completion of a specialized course of study at a business or trade school required.
A minimum of four (4) years of similar or related experience in Commercial Servicing required.
Proficiency with standard office equipment, MS Office and Outlook software and commercial lending platforms.
Some travel may be required to fulfill duties, career development, and/or responsibilities.

Responsibilities

Collaborate with Commercial Loan Operations Manager/Team Leader on HMDA compliance.
Collaborate with Quality Assurance and Quality Control to assist in post funding auditing of commercial loans.
Collaborate with the commercial lenders, commercial credit analysts, commercial production assistants, and commercial loan processors to facilitate loan maintenance requests (i.e, interest rate changes, risk rate changes and research), prepare necessary correspondence notifications and other portfolio monitoring activities.
Complete monthly 1502 reporting including addressing inconsistencies in a timely fashion.
Function as primary liaison for commercial insurance vendor to identify any required updates, maintenance or forced place insurance needs.
Contact and maintain up to date reporting to commercial lenders regarding delinquent property taxes on real estate loans.
Report and process delinquent property tax tracking to commercial regional managers and Credit Administration.
Maintain and ensure continuity of UCC filings for equipment or business asset lending.
Serve as primary point of contact for commercial loan payoff requests and facilitate compliant release of collateral for all commercial loans.
Serve as primary point of contact for all commercial loan participations (as lead or purchaser).
Maintain controls to ensure the safety and soundness of the commercial portfolio.
Monitor all credit activity to ensure daily assignments have been completed such as processing interest rate index changes, new loan account accuracy.
Assist in the preparation for third-party audits and state and federal exams.
Provide support to credit union members and staff to complete any updates as required for questions, clarification, or updates of commercial loans.
Provide computer support, including data entry, in the maintenance of the loan systems.
Reconcile member business loan reports as requested and required.
Maintain a working knowledge of the credit union’s commercial loan standards and government regulations.
Maintain a professional work environment and work under restricted time constraints.
Maintain and protect all sensitive data utilizing the highest standard of confidentiality and professionalism.
Consistently display respect for all areas of diversity and levels of knowledge.