Commercial Loan Assistant 2

Responsibilities

• Collaborate with and assist commercial lender(s) in obtaining corporate entity information, and related loan documentation, including but not limited to, title searches/commitments, UCC searches, and flood determinations, appraisals for new loans.
• Obtain credit information and ensure sufficient loan collateral.
• Review loan documents before closing (legal descriptions, closing dates, loan documents prepared in-house or by legal counsel, etc.) and close loans with customers.
• Oversee the loan documentation pipeline by updating lenders and borrowers on loan status and ensuring timely completion of the loan process.
• Serve as liaison with legal counsel, borrower and third-party vendors in coordinating receipt and review of required documents to expedite the closing process.
• Perform post-closing reviews to ensure that loan files contain documents with proper signatures, dates and other relevant data.
• Identify clients' operational needs and bank products/services that meet these needs. Recognize selling opportunities, effectively cross-sell bank products, and make referrals.
• Manage the Technical Exceptions (TE) list to ensure that bank security interests in the files are perfected promptly.
• Monitor maturing loans and loan renewals in collaboration with the lender(s) and obtain preliminary documentation.
• Disburse loan funds after closing and image loan documents within established timelines.
• Provide ongoing support to maintain and enhance customer relations. Ensure ongoing loan maintenance in the system to meet the bank's and customers' needs.
• Communicate with the Appraisal Team and Loan Operations regarding loan processing. Provide information efficiently so customers' loans can be processed promptly. May also communicate with CLD on consumer loans.
• Collect and analyze customer financial information. Annually or as the loan program requires, obtain updated financial information and insurance to support outstanding loans.
• Serve as a resource to Commercial Loan Assistant 1s and may, on occasion, mentor new hires.
• Process, vet, and approve outgoing wire transfer requests with an established approval limit, ensuring proper approval and documentation are obtained prior to submission.
• Understand and comply with bank policies, laws, regulations, and the bank's BSA/AML Program, as applicable to job duties. This includes, but is not limited to, completing compliance training, adhering to internal procedures and controls, reporting any known violations of compliance policies, laws, or regulations, and reporting any suspicious customer and/or account activity.

Qualifications

• Experience Required: 5 years of banking or equivalent related experience, 2 of which are as a Loan Assistant or equivalent loan operations
• Working regulatory knowledge, such as privacy, safeguarding customer information, Regulation B, Equal Credit Opportunity Act, Regulation Z, Truth in Lending, CRA, HMDA, and flood regulations
• Preferred: Arvest experience.
• Education Required: High school diploma or general education degree (GED)
• Preferred: AA/AS degree preferred.
• Credentials Required: Successful completion of Fundamentals of Commercial Lending or ability to acquire within 90 days