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

A GREAT PLACE TO WORK AND BANK  

 

Join our team!  1st Security Bank team members deliver service that "WOWs" each other and our customers. We value relationships, teamwork, community, and professional growth in a safe, friendly, and progressive workplace. We celebrate diversity and support equality for all. If you share these core values and are committed to career excellence, let us help you reach your dreams!

 

1st Security Bank is looking to find a dynamic individual to fill our Loan Coordinator position in our Commercial Lending department! If you are the type of individual that would enjoy working at one of the Puget Sound's Best Places to Work for 6 years in a row and focuses on providing an exceptional client experience, then 1st Security Bank is the place for you. 1st Security Bank was named a bronze medal winner in its class in the Puget Sound Business Journal's Best Workplaces contest in its first year nominated and was also rated the #1 Bank in Washington State by Banker's Caddy, an independent bank rating firm.

 

POSITION 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.

 

POSITION HOURS

 

Full time

 

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.

 

YOU WILL BE ELIGIBLE FOR:

 

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

 

OUR CORE VALUES:

 

  • Relationship Driven - we strive to "WOW" (surprise, excite and delight) each other and our customers.
  • Ethicalfair, honest and act with integrity. 
  • Lead by Example maintain a positive attitude, show respect for others, and have some fun!
  • Accountable - we take our responsibilities seriously and we meet our commitments with urgency.
  • Team Player - dependable, enthusiastic contributor to team success and to the greater good of the bank.
  • Embrace Dreams - we encourage each other to reach for our dreams.
  • Diversity - we celebrate diversity and support equality for all.
  • Community Oriented - we actively support our communities and the Bank's CRA initiatives.
  • Open and Honest Communication - always professional, responsive, and timely.
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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