Loan Assistant I

What you'd do

• Assist in tracking and management of the loan pipeline, loan maturities, the uninsured reports, and past dues reports, ensuring timely processing and adherence to deadlines.
• Remain knowledgeable of all State and Federal lending and documentation regulations as well as Bank policies and guidelines ensuring compliance
• Collect and organize all necessary documentation from borrowers, such as income verification, credit reports, and identification.
• Input data into loan processing systems accurately and efficiently.
• Provide back-up support to other Loan Assistants to cover PTO requests, and absences.
• Order title searches, UCC searches, appraisals and flood certifications as needed.
• Coordinate closings with lenders, attorneys, insurance agents and clients.
• Initiate the disbursement of closing funds and issues loan proceeds via checks and/or wires.
• Review closed and funded loans for document completion, ensure that loans are booked in a timely and accurate manner.
• Contact settlement agents, register of deeds, and title insurance agencies to obtain post-purchase documentation, as necessary.
• Maintain a tickler system on any outstanding post-closing documentation (collateral and exception monitoring) and report on status during weekly meetings.

What they want

• Excellent time management, organizational skills, and attention to detail required.
• Excellent communication, and interpersonal skills.
• Excellent computer skills required, especially Microsoft Office.
• Ability to prioritize tasks, think and work independently.
• Ability to exercise good judgment to analyze and problem solve situations that arise. Ability to exercise personal and professional responsibility and work with limited direction.
• Education: A high school diploma or equivalent is required. Bachelor’s degree or additional course work in banking, finance or lending is an asset.
• A minimum of one (1) year of experience in commercial lending documentation is preferred.
• A minimum of one (1) year of Commercial Banking support experience or client service experience within a financial institution by being able to field client’s account inquiries and/or maintenance requests with clear and efficient communication.