What are the responsibilities and job description for the Commercial Loan Processor position at CCFBank?
Description
Are you ready to provide the highest level of service to our internal customers? Our Commercial Loan processors are primarily responsible for preparing all documents needed to close a loan and protects the bank's security interest using the information supplied by the commercial banker! This is a fast-paced position within CCFBank, a successful financial institution with locations throughout Wisconsin and Minnesota. We are looking for a committed individual with excellent organization and attention to detail to support our internal customers and commercial bankers.
As a Commercial Loan Processor, you will be responsible for ensuring the delivery of the highest level of service to internal clients while maintaining an adherence to bank, state, and federal policies. The Commercial Loan Processor will interact with commercial loan processors, bankers, credit analysts, and commercial loan closers daily. The ideal candidate has the ability to provide strong attention to detail, works collaboratively with others, and has excellent communication skills. Bonus points if you’re community focused and excited about making a positive difference for those around you.
Primary Responsibilities:
- Reviews approved loans for conditions needed to be met prior to closing as it pertains to collateral, borrower, terms and conditions.
- Reviews loan approval for appropriate authority
- Orders title work, if applicable
- Orders flood determinations and verifies adequate coverage when applicable
- Complete UCC Search, if applicable and process initial UCC and MV1 filings.
- Reviews and provides all information needed to protect the bank's security interest (i.e. serial numbers, VIN, copy of title, appraisal review, legal description).
- Reviews all documentation ensuring compliance with legal, regulatory agency, and bank policy requirements.
- Verifies insurance meets CCF standard requirements
- Communicates with the commercial banker, borrower and/or closing attorney to ensure that all requirements have been met prior to closing and coordinates the final closing date.
- Prepare loan documents for all Commercial loan types with attention to accuracy, compliance, policies and regulatory laws.
- Researches and responds to customer, banker and other internal inquiries.
- Assures compliance with all Bank policies, procedures and processes, and all applicable state and federal banking laws, rules, and regulations; adheres to Bank Secrecy Act (BSA) responsibilities that are specific to the position.
- Interface loan to core system, disburse and upload documents to applicable software.
- Track and follow-up any outstanding exceptions such as final title policies, recorded documents and Post UCC searched
- Performs other duties as assigned.
Education and Experience
- Associate degree in accounting, finance, economics, or related field.
- Note: Two (2) years of related experience may be considered in lieu of the associate degree.
- Two (2) years of experience in the financial services industry.
- Two (2) years of experience working in loan processing or customer service.
- Previous experience in working with Commercial loans is desired.
- In evaluating candidates for this position, CCFBank may consider a combination of education, training, and experience which provides the necessary knowledge, skills, and abilities to perform the duties of this position.
What’s in it for you?
- Full Time, hourly, 40 hours per week.
- Monday – Friday work week.
- Competitive pay.
Perks:
- Health, Vision & Dental Plans: Because healthy smiles are important.
- Health Savings Account (HSA) with CCF Contributions: Save for those medical expenses that you weren’t expecting.
- Health Reimbursement Arrangement: Be reimbursed for qualifying medical expenses by making smart health care decisions.
- Flexible Spending Account: For those unexpected medical expenses.
- Employer Paid Life Insurance and Long-Term Disability Plans: We’ve got your back (and your future).
- Voluntary Life Insurance and Short-Term Disability Plans: Because life is unpredictable.
- Accident and Critical Illness Plans: Just in case you decide to take up extreme knitting.
- Hospital Indemnity: We will help cover additional hospital expenses.
- 401K Retirement Plan and Company Match: Retirement goals? We’ve got you covered.
- Paid Time Off, Bereavement Leave, and Paid Holidays: Rest, recharge, and celebrate your loved ones.
- Parental Leave: Because parenting is the ultimate adventure.
- Company-Wide Wellness Program: Yoga, smoothies, and mental high-fives.
- Employee Achievement Program: Here to help you through the good times and the bad.
- Colleague Referral Program: Refer a friend, get a virtual high-five (and maybe a bonus).
- Professional Development Reimbursement Program: Learn and grow with us!
- Career Planning: Plot your career trajectory.
- Colleague Pricing on Secondary Market Mortgage Loans: Because everyone deserves a castle (or a cozy cottage).
- Colleague Beyond Save & Spend Accounts Perks: Unlock exclusive pricing on our deposit products.
What can you expect from us?
At CCFBank you are more than just a number, you are a partner to our team. We are dedicated to investing in our colleagues and providing them with tools they need to grow and develop their careers.
We prioritize the needs of our community by allocating resources and encouraging colleague involvement across the regions we operate in. We are proud to be a part of our local communities, and we look forward to continuing to support and serve them. Learn more here about how we make more possible: https://ccf.us/careers/
Ready to be part of our financial family? Apply online at ccf.us!
If you need assistance applying, contact us at HR@ccf.us and we will attempt to meet your needs.
In evaluating candidates for this position, CCFBank may consider a combination of education, training, and experience which provides the necessary knowledge, skills, and abilities to perform the duties of this position.
CCFBank is committed to fostering and cultivating an inclusive and diverse culture and we are proud to be an Equal Opportunity Employer, including disability and veterans.