Must have 5 years’ experience processing Commercial and SBA loans to apply!
What do we do? We get your resume seen, prepare you for the interview, and get you a job offer! Addvantage Credit Union Staffing was founded in 2002, and exclusively staffs credit unions. We have helped thousands of candidates around the country get their foot-in-the-door at top credit unions and we are most proud of our high placement rate! Thank you for considering the following position in your job search!
We are currently seeking an experienced Credit Union Commercial and SBA Loan Processor for a credit union in Modesto, CA.
Type: Temporary – possible temp-to-hire
Pay: $28.50 - $35.00/hr.
Work Schedule: Monday – Friday: 8:00am – 5:00pm or hours close that.
Responsibilities:
- Preparing and processing all commercial loan documents and executing loan funding.
- Analyze business and loan structures to determine appropriate due diligence.
- Ensure loans are documented and funded in accordance with the credit approval and/or purchase contract.
- Working with Vice Presidents of Commercial Banking to prepare, process, and review various commercial and small business loan documentation for processing and closing.
- Reviewing and verifying collateral documents to prepare for commercial loan document requests, categorizing and re-indexing all pre-closing documentation received, and reviewing loan document packages for missing loan documents and signatures.
- Coordinate, obtain, and review pre-closing conditions, including insurance requirements, and complete Post-Closing final review of documents.
- Prepare loan funding instructions and work with Accounting to ensure timely funding.
- Process all post-closing requirements which include verifying loan packages are complete and uploaded to appropriate platforms.
- Work directly with the Borrower/Member to complete necessary forms, in accordance with loan guidelines, and provide support throughout the loan application process.
- Orders and interprets third party reports, including but not limited to, preliminary title report, flood certifications, Certificate of Good Standing, UCC searches, site visits, insurance, lien / judgment, Tax Transcripts, and any other required reports.
- Understands, determines, and obtains appropriate approval for compliance requirements, such as Commercial Customer Identification Program (CIP), BSA, ECOA, OFAC, etc.
- Ensuring accurate reporting of Commercial activities, including complete Board reporting, monthly reporting, pipeline reporting, and others in collaboration with Lending leadership.
Requirements/Qualifications:
- 5+ years in commercial and SBA lending along with compliance and documentation regulations.
- Ability to make decisions, use good judgment and ingenuity.
- Familiarity with all commercial loan applications and documents.
- Familiar with credit union commercial lending policies and procedures.
- Excellent communication and interpersonal skills with members and co-workers.
- Efficient, accurate and detail-oriented.
