Commercial Loan Service Assistant

Position Summary:

Support loan operations and lending activities for both commercial and consumer loan portfolios

Qualifications Required:

• High School/GED diploma

• Minimum three years’ experience with commercial loan servicing

• Proficiency in using Excel, Word, Outlook and other applicable software

• Basic Accounting Skills

Essential Functions and Responsibilities:

• Input commercial/consumer loans, Term Loans, Lines of Credit, Letters of Credit, etc.

• Perform quality control reviews of loan bookings, etc. ; resolve issues identified

• Process loan fees and costs in accordance with standard accounting practices

• Update borrower information in collateral and/or credit files as required

• Accurately complete approved/authorized loan maintenance requests received from various Lending areas including, Scheduled Review Updates, Loan Officer Changes, Risk Rating Changes, Document Request Updates and Tickler Updates

• Process line advance requests; verify availability, proper approval/compliance with loan conditions

• Produce and verify loan billings and notices and review for accuracy prior to mailing

• Process payoff requests ensuring conditions are met such as pre-payment penalties

• Monitor paid loans, execute releases of collateral, return documentation to borrowers

• Assist lending staff and customers with questions and issues regarding loans

• Process loan payments accurately and timely in accordance with payment schedule

• Service Banks portfolio of “pool” loans and purchased mortgages

• Service Banks portfolio of SBA loans

• Reconcile various daily, weekly, monthly, quarterly reports, including general ledger

• Inform Manager of any issues or discrepancies found

• Assist in the monitoring of collateral files, etc.

• Inform Lending Officers of documentation deficiencies and defects

• Assist with the origination of letters relating to insurance renewals

• Assist with updating CORE DNA system with insurance renewal policies, etc.

Job Type: Full-time

Pay: $24.00 - $34.00 per hour

Expected hours: 40 per week

Benefits:

• 401(k)
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday
• No weekends

Work Location: In person