Job Summary:
Assist lending officer in analysis and administration of lending accounts. Complete the loan documentation process, while interacting with customers, lenders and others throughout the process.
This is an in-person position in Traverse City, Michigan.
Job Duties:
· Works closely with Lenders and Credit Analysts to process Commercial Loans, Letters of Credit, Lines of Credit, which includes new loans, renewals and extensions of existing loans.
· Acquire and confirm all Borrowers and Guarantors information and obtain pertinent documentation for Corporations, LLC’s, and other entities by using State and other websites
· Acquire supporting documentation regarding the collateral via Title Companies, UCC Website, FEMA, Insurance Agents, OFAC, LARA, and SOS websites
· Process and produce the loan closing documents with Laser Pro documentation software, entering all borrower information, collateral, terms, repayment information, as well as disbursement information.
· Create Loan Documentation Files after closing. Build these files with closed loan documents, borrower information and supporting loan documentation.
· Ensures loan documents are complete and accurate according to government regulations and bank policy
· Scan closed loan documents, record/process/mail recordable documents, collect/process loan fees, and prepare the file for uploading.
· Provide a complete loan file to Loan Servicing for upload on to our Horizon System.
· Post-closing follow up of collateral and documentation
· During and after the closing, duties can also include processing wire transfers for funding, transfer of loan proceeds, construction draws, general ledger transactions and preparing Cashier’s Checks
· In addition to the Loan Officer, Commercial Loan Assistants are another point of contact for customers, providing assistance with ongoing loan questions, banking questions, or documentation follow up.
· Commercial Loan Assistants work closely with Loan Officers, Closing Agents at Title Companies, Insurance Agents, Loan Servicing Staff, and the Retail Offices.
· Assist Loan Officers with their loan portfolios and the administration of commercial lending accounts.
· When working with customers and other team members, a responsive, positive attitude is required as part of the bank's "Yes, I can!" approach to service.
· This list is not exclusive, other duties and tasks may be assigned as needed
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Experience:
- Banking: 2 years (Preferred)
Ability to Commute:
- Traverse City, MI 49686 (Required)
Work Location: In person
