Commercial Loan Coordinator
Job Details
Experienced
Mountlake Terrace - Mountlake Terrace, WA
Full Time
High School
Day
Banking
Description

SUMMARY:

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. Work is performed under limited supervision, incumbent applies judgment, and decision-making is based on learned and written procedures/guidelines. Utilizes core operating system and the Laser Pro documentation system.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

  • 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
  • Collects 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.,

  • Coordinates and maintains all construction budgets, draws, reconciliations, inspections, maturities and extensions.

  • Setup loan files and maintain credit files in accordance with processing guidelines

  • Reviews title commitments, orders flood determinations, appraisals, opens & coordinates escrow.

  • Coordinates inspections with third party service providers.

  • 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.

  • Provides input and answers questions relating to loans being reviewed by internal and external examiners.

  • Works on special projects related to origination, processing, loan documentation, closing and disbursement processes.

  • Prepares wires in accordance with company standards and guidelines.

  • Prepares and processes Builder draws.

  • Works with lenders, management team, escrow closers, external and internal legal counsel to document and close loans.

  • Provides training and technical assistance to others as needed.

  • Performs problem resolution.

  • Performs other duties as assigned.

Qualifications

EDUCATION and/or EXPERIENCE

  • 5+ years related job experience specifically, construction lending concepts, procedures, and documents (origination, processing, closing and/or servicing)

  • Accounting or similar detail-oriented knowledge helpful

  • 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.

COMPUTER SKILLS

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

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • The employee will primarily operate in a general office environment, using office equipment such as a phone and a computer.

  • The noise level in the work environment is usually quiet to moderate as compared to a private office with light foot traffic and office equipment.The employee must be able and willing to interact frequently with the general public.

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