Commercial Loan Coordinator I

About the role

Processes and prepares loan documentation related to all levels of commercial loans including C&I, Commercial real estate and construction loans. Works independently, identifies and resolves issues and concerns on complex transactions, coordinates and communicates with appropriate lending officers. Provides high quality WOW customer service to internal and external customers. Close and/or fund moderate to complex commercial and construction loans including the review of loan documentation prior to closing. Contributes in all phases of construction and commercial loan production.

Responsibilities

• Prepares and processes documents throughout the application process.
• Ensures loans are processed and loan documents prepared in accordance with the credit approval.
• Responsible for the preparation of closing Documentation for commercial loans.
• Colls data to clear title per company standards and guidelines.
• Follows up to obtain and maintain appropriate supporting file documentation such as title endorsements, building/occupancy permits, insurance etc.
• Setup loan files and maintain credit files in accordance with processing guidelines.
• Reviews title commitments, orders flood determinations, appraisals, opens & coordinates escrow.
• Accurately maintains and updates all system records, loan files, lot release according to procedures including performing a post funding review of loan files to ensure accuracy.
• Reviews requests for changes and/or waivers to certain loan documents and conditions within scope of authority. Identifies issues and concerns, coordinates communication of requests with lending officer, credit analyst and/or management for resolution.
• Prepares wires in accordance with company standards and guidelines.
• Works with lenders, management team, escrow closers, external and internal legal counsel to document and close loans.
• Performs other duties as assigned.

Requirements

• 2+ years related job experience specifically, commercial and construction lending concepts, procedures, and documents (origination, processing, closing and/or servicing).
• Accounting or similar detail-oriented knowledge helpful.

Qualifications

• Basic knowledge of all applicable regulations that pertain to this position is required.
• Knowledge of the Bank Secrecy Act and Anti-Money Laundering policies, procedures and related programs.
• Ability to prioritize work, communicates status of files with loan officers, borrowers, etc., and follow up on documentation.

Skills

• To perform this job successfully, an individual should be skilled in Microsoft Office Products, proficient using 10-Key, typing skills.

Benefits and Perks

• Full medical, dental, and vision coverage for individual or family plan.
• Life insurance.
• Long-term disability insurance.
• 401K matching program.
• Paid sick and vacation time.