Commercial Loan Assistant
Location: Roseville, CA | Full-Time | Non-Exempt
About The Role
We are seeking an individual who will provide administrative support to an assigned Commercial Loan Officer(s) by assisting in the coordination of loan documentation requests and portfolio management. This individual is responsible for ensuring all supporting documentation is received and reviewed in accordance with credit policy and procedures and all applicable laws and regulations prior to requesting loan documents on new loans, renewals, and extension requests. Additionally, this individual will assist commercial loan officers with exceptions, ticklers, covenant compliance, maturities, delinquencies, and other administrative duties as required.
Responsibilities
- Loan Intake & Processing:
- Reviews incoming loan requests or updated financial packages for accuracy.
- Creates workflows for loan applications onto the commercial lending software for further review and underwriting.
- Coordination with Underwriters and Loan Officers:
- Works closely with the underwriters and Commercial Loan Officers to obtain a complete loan package.
- Coordinates the timing of approval, including obtaining or ordering financials, tax returns, appraisals, prelims, and other necessary reports.
- Loan Documentation Management:
- Manages the overall process and integrity of Loan Documentation Requests upon loan approval.
- Compiles and coordinates complete loan documentation packages, including entity documentation, preliminary title reports, UCC searches, and other necessary items.
- Escrow Coordination and Report Ordering:
- Coordinates the opening of escrows, obtains title fees, and orders third-party required reports.
- Includes credit reports, UCC lien searches, preliminary title reports, flood reports, and other applicable reports.
- Customer & Internal Support:
- Respond to routine customer and internal inquiries regarding loan servicing.
- Process withdrawn or declined loan applications and prepare adverse action notices.
- Provide customer service and assist in resolving issues within assigned authority.
- Construction Loan Budget Preparation:
- Assists Commercial Loan Officer and Construction Servicing in the preparation of construction loan budgets.
Requirements
- High school diploma or equivalent.
- Previous experience in a banking or financial services environment, specifically in commercial credit or commercial loan processing.
- Strong organizational skills and attention to detail.
- Proficiency in loan processing software and Microsoft Office Suite.
Preferred Qualifications
- Associate's degree in finance, business, or a related field.
- Experience with commercial lending processes and documentation.
Skills
- Strong organizational abilities to manage multiple loan applications and ensure documentation accuracy.
- Attention to detail to prevent errors and delays in the loan process.
- Excellent communication skills for interacting with clients and providing timely updates.
- Familiarity with commercial lending processes (preferred).
- Proficiency in relevant software tools to streamline daily tasks.
Pay
Salary Range: $50,000 – $70,000 annually ($24.04 per hour - $33.65 per hour). Employees may be considered for annual performance-based salary increases; eligibility and amount are determined by individual performance and business needs.
Benefits
Oak Valley Community Bank offers a comprehensive benefits package that includes:
- Medical, dental, and vision coverage.
- Retirement savings with employer match.
- Paid time off.
- Other voluntary benefits.