Commercial Loan Processor, Full Time

Banterra

United States, Salt Lake City

June 04, 2023

Position:
Commercial Loan Processor, Full Time

Location:

Salt Lake City, UT

Job Id:
1021

# of Openings:
2

Summary: Responsible for document collection, review and analysis and providing service and assistance to Loan Officers and Portfolio Managers. Assemble loan files, develop needs lists, engage and track orders for third party reports, assist Portfolio Managers in clearing pre-funding conditions, coordinating closings, disbursing loan proceeds and funding loans.

Responsibilities: include but are not limited to the following. Other duties may be assigned.

Work with Loan Officer in preparing loan documents for closing of commercial loans, but not limited to C&I, Commercial Real Estate and Commercial Construction loans, assuring the completeness of the documents and their compliance with applicable regulations. Prepare various documents such as loan, collateral and disclosure forms including documentation for installment loans. Prepare loan documents, notices and periodic loan reports.
Follow up with Loan Officers and Portfolio Managers as required for loan file completion and resolve documentation exceptions with a sense of urgency.
Order and track appraisals, environmental site assessments, physical inspection reports, preliminary title reports and other third-party reports to ensure timely receipt.
Assist Portfolio Managers in clearing pre-funding conditions.
Provide files to the funding desk for pre-funding approval.
Coordinate final preparation of loan documents and closing procedures with title officers and closing attorneys.
Review construction budget and construction approval provided by Portfolio Manager and ensure the correct construction escrow amount is being used on settlement statement.
Coordinate settlement statements with title and verify cash to close requirements.
Coordinate pre-closing file reviews and facilitate approvals to close. Prepare write instructions and coordinate disbursement of loan proceeds.
Receive and audit executed closing documents.
Follow up as required to obtain title insurance policies, recorded mortgage and other security instruments and other post-closing documents. Monitor expiration dates of financial statements and insurance coverage for loan files.
Prepare loan boarding input documents for servicing.
Transmit completed and original files to Credit Administration.
Assist Loan Officers and Portfolio Managers in developing loan packages or materials for presentation to other Loan Officers or the Loan Committee.
Respond to customer inquiries regarding customer loan information.
Ensure compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.
Keep informed of industry trends.

All employees are expected to protect the information and assets of the organization through heightened awareness of information security, cyber security, and risk management best practices, as well as complying with all applicable laws, regulations, and organizational policies.

Qualifications and Skills: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Education/Experience:

High school diploma or equivalent and one year of banking experience.
Five years' experience in a commercial real estate lending or loan brokerage firm supporting Credit, Processing and/or origination.

Knowledge/Skills/Abilities:

Strong organizational skills and attention to detail.
Strong customer service orientation.
Ability to prioritize and meet deadlines.
Ability to think critically and use good, sound judgment in decision making.
Ability to respond to common inquiries or complaints from customers, co-workers or vendors and regulatory agencies.
Ability to write routine correspondence and communicate effectively and tactfully, orally and in writing with employees, customers, vendors and management.
Ability to define problems, collect data, establish facts and draw valid conclusions.
Must understand and comply with company policies and procedures.
Ability to deal with several abstract or concrete variables simultaneously.
Ability to oversee goals and projects and ensure they are completed in a timely manner.
Ability to maintain a friendly, helpful and courteous attitude when working with customers or co-workers under diverse conditions.
Ability to accurately and quickly complete standard mathematical calculations.
Ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations.
Ability to use a calculator, computer and applicable software programs including various lending programs.
Ability to use internet browsers and Microsoft Office programs, specifically Word, Outlook and Excel.

Physical Demands: 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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must have the ability to lift and carry 25 pounds for a distance of 50 feet.

Intent and Function of Job Descriptions: The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills or working conditions. The duties and responsibilities enumerated are essential job functions except for those that begin with the word "May."

Banterra promotes an Equal Employment Opportunity workplace which includes reasonable accommodation of otherwise disabled applicants and employees.

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.

Job descriptions are not intended as and do not create employment contracts. Banterra maintains its status as an at-will employer.

Banterra bank is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, age, disability, protected veteran status, or any other characteristics protected by law.

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