Commercial Services Processor

Union Savings Bank•Danbury, CT

About The Position

This role involves processing line of credit renewals for Commercial Services, including the preparation of loan approval documents. The position also serves as the appraisal liaison for Commercial Services and Business Banking. Key responsibilities include administrative tasks such as facilitating bid requests, engaging with appraisal companies and account officers, processing RIM, submitting relationship change requests, serving as Secretary of the Management Loan Committee, preparing meeting minutes, obtaining expense invoice approvals, and filing loan documents. Servicing responsibilities include upholding customer service standards. Loan administration duties encompass processing Commercial and Industrial modifications, withdrawn/declined loans, preparing loan closing documents, performing UCC-1 and Concord searches, completing CIP review, running credit reports, reviewing loan proposal forms, inputting HMDA/CRA data, and setting up credit files. Data and reporting tasks involve reviewing application status tracking reports, tracking brokerage statements, monitoring loan-to-value ratios, preparing withdrawn/declined reports, inputting paid loans, and processing requests for environmental and law firms to become bank-approved.

Requirements

Process line of credit renewals for Commercial Services, including the preparation of loan approval documents.
Serve as the appraisal liaison for Commercial Services and Business Banking.
Process RIM.
Submit relationship change requests to Loan Operations for processing.
Prepare meeting minutes.
File all loan documents and correspondence.
Track financial information received within the department.
Follow and uphold USB Customer Service Standards in interactions with internal and external customers.
Process basic Commercial and Industrial modifications.
Process withdrawn / declined loans.
Prepare Commercial and Industrial loan closing documents.
Perform UCC-1 and Concord searches and complete CIP review.
Run credit reports.
Review Commercial and Industrial Loan Proposal / Approval forms for CIP and proper approval.
Input HMDA / CRA data in applicable system.
Set up credit files.
Review application status tracking report and take appropriate action to ensure regulatory compliance.
Track the receipt of brokerage statements for loans secured by marketable securities, monitor and update values, send report to Loan Servicing for processing and apprise account officers of any loan-to-value deficiencies.
Prepare withdrawn/declined report as well as coordinate files for pickup by Loan Servicing.
Input paid loans in tracking system and prepare files for pickup by Loan Servicing.
Process environmental company requests to become bank approved and complete annual review process.
Process law firm requests to become bank approved and complete annual review process.

Nice To Haves

Serve as Secretary of Management Loan Committee.
Obtain approvals for expense invoices by forwarding to appropriate Team Leaders.
Provide credit files to Vice President of Commercial Services Administration for post closing review.

Responsibilities

Process line of credit renewals for Commercial Services, including the preparation of loan approval documents.
Serve as the appraisal liaison for Commercial Services and Business Banking.
Facilitate bid requests through the Credit Administration Department.
Engage with account officers and appraisal companies, as well as the Bank’s outside firm utilized to review appraisals.
Process RIM.
Submit relationship change requests to Loan Operations for processing.
Serve as Secretary of Management Loan Committee.
Prepare meeting minutes and forward to Assistant Corporate Secretary for monthly Trustee Loan Committee meetings.
Obtain approvals for expense invoices by forwarding to appropriate Team Leaders.
File all loan documents and correspondence.
Track financial information received within the department.
Follow and uphold USB Customer Service Standards in interactions with internal and external customers.
Process basic Commercial and Industrial modifications.
Process withdrawn / declined loans.
Prepare Commercial and Industrial loan closing documents.
Perform UCC-1 and Concord searches and complete CIP review.
Run credit reports.
Review Commercial and Industrial Loan Proposal / Approval forms for CIP and proper approval.
Input HMDA / CRA data in applicable system.
Set up credit files and provide to Vice President of Commercial Services Administration for post closing review.
Review application status tracking report and take appropriate action to ensure regulatory compliance.
Track the receipt of brokerage statements for loans secured by marketable securities, monitor and update values, send report to Loan Servicing for processing and apprise account officers of any loan-to-value deficiencies.
Prepare withdrawn/declined report as well as coordinate files for pickup by Loan Servicing.
Input paid loans in tracking system and prepare files for pickup by Loan Servicing.
Process environmental company requests to become bank approved and complete annual review process.
Process law firm requests to become bank approved and complete annual review process.