Commercial Loan Specialist

Job Type: Full-time. Department: 911 – Credit Administration.

About the role

The Commercial Loan Specialist is primarily responsible for preparing loan documents, maintaining loan files and other servicing responsibilities associated with the bank’s commercial and/or consumer loan portfolio, while complying with credit policy and regulatory guidance. This position will work closely with commercial compliance issues. This position is generally assigned to more complex portfolios and/or alignments. Duties are performed in a professional office environment. Occasional travel may be required.

Responsibilities

• Assist in applying due diligence in compliance with loan policy, standard operating procedures and approved structure for each credit in regard to the preparation of commercial loan documentation and make necessary disbursements.
• Record and release all types of collateral documents.
• Assist with clearing loan exceptions/ticklers.
• Effectively communicate with and assist officers, employees, clients and local professionals with any questions or research they may request to satisfy their clients’ needs.
• Assist with a wide range of servicing duties related to loan and depository relationships.
• Maintain knowledge of company policies and procedures as well as internal audit procedures, legal regulations, and requirements.
• Prepare documents accurately for new and renewal loan closings.
• Create and maintain accurate commercial loan files and properly execute imaging procedures.
• Ensure proper recording of liens, prepare mortgage releases in satisfaction of loans, abstracting, and mortgage filing.
• Review files after closing to ensure that all documents are signed and checks prepared for disbursement, advance loans, send payoffs, pay invoices and other post close duties.
• Adhere to regulations for commercial loan compliance, HMDA (Home Mortgage Disclosure Act), Flood Determination guidelines, Bank loan policy and procedures and all lending regulations.
• Verify posted loans from the previous day for accuracy and completeness.
• Verify corporate and trust documents for proper signing authorities.
• Review insurance certificates and taxes for conformance with bank requirements for new loans, modifications and/or renewals.
• Respond to telephone and in-person inquiries from commercial loan customers, regarding loan requests, etc. or forward inquiries to the party best able to respond to the customer.
• Self-motivated to help others within the team without being directed.
• Provide leadership, guidance and training to co-workers with internal or client inquiries or issues.