What are the responsibilities and job description for the Commercial Loan Processor position at Androscoggin Bank?
Job Details
Description
Androscoggin Bank, a values driven, mutual savings bank based in Lewiston, Maine, has an opening for a Commercial Loan Processor to join our team in either our Lewiston or Portland office. Our culture is one where we work collaboratively with clients and business partners to answer questions and assist in arriving at the most effective and efficient resolution to reasonably comply with regulatory requirements and do what is right for the client. The difference here is the great team you will work with and the ability to work in a local business with local decision making-where employees and clients come first!
The Commercial Loan Processors are an integral part of our Commercial Lending Team. They are responsible for processing the origination of a portion of the Bank’s commercial loans, working in conjunction with Commercial Lenders, Portfolio Managers, and Commercial Loan Assistants. Daily tasks may involve loan document preparation, advances, payments, wires, line renewals, loan extensions, modifications, construction loan / invoice payments, and problem resolution.
Responsibilities include :
- Works with lending officers, clients and legal counsel to establish and gather documentation required to process business asset loans, and business loan documentation according to the terms of approval and Bank loan policies. Communicates and monitors deliverable dates.
- Process all modifications for existing relationships to include, but not limited to, interest rate amendments, extensions, payment terms, line increases, additional collateral, etc.
- Independently and accurately gathers the following as they relate to the due diligence of loan closings, including, but not limited to, insurance, regulatory, or pre-closing requirements of approval, UCC searches, and all other applicable corporate documentation.
- Accountable for the follow up of a loan closing, including booking loans, recording vehicle titles and UCCs, disbursements to vendors, loan payoffs, balancing transactions, scanning loan files and maintain current records for collateral and original document tracking.
- Working knowledge of Bank, Federal and State regulations as they relate to Fair Credit, Reg. B, HMDA, CRA, and Flood compliance. Ensures consistent compliance with Bank policies and procedures.
- Must be proficient in the use of Microsoft Word. Knowledge of the nCino commercial loan system, Navigator, and LaserPro would be preferred.
- Must be detail-oriented with a high level of accuracy, and be able to multi-task and prioritize requests from clients, manager, commercial loan officers, credit department and loan operations.
- Must be able to prioritize in a fast-paced environment with a high level of organization and follow through.
- Performs other duties as may be required from time to time to insure the efficient operation of the Commercial Processing Department.
Qualifications :
Benefits
This position carries great benefits, including paid time off, holiday pay, 401k participation with a generous match (we put money in your 401k even if you don't!), and access to Androscoggin Bank's full insurance benefit package (medical, dental, vision, life, and disability). Androscoggin Bank offers paid parental leave to our employees, which grants new mothers and fathers six weeks of full pay! We also provide paid volunteer time to all employees.
Hoping you could advance your career and your education? We can help. Androscoggin Bank is committed to supporting employee development, and employee benefits include tuition and education reimbursement.
Do you wish you could be more involved and connected in your company, beyond the level of your department? Androscoggin Bank offers that to you. Project teams, committees, events, in-house education, and more. It’s an amazing place to work.
And, you get to work with some of the smartest, most dedicated, heart-felt people you will ever meet!
We are deeply proud that Androscoggin Bank recently achieved B Corp Certification. This means we’ll continue to use profit to power our purpose, rather than serving as the purpose itself. We’ll serve the best interests of our clients, our employees and our communities, while also honoring our environment.
