What are the responsibilities and job description for the Commercial Loan Coordinator position at Central Bancompany?
Performs a wide variety of clerical and administrative support to Commercial Loan Officers.
Coordinates the processing of approved new commercial loans, letters of credit, extension, modification, and deferral agreements, loan advances, and any other documentation as necessary.
Provides backup support to other loan and administrative assistants when necessary.
Exercises independent judgment under moderate supervision.
Conducts relationships and activities consistent with established Bank policies, procedures and systems, the corporate code of conduct, Bank Secrecy Act and all applicable State and Federal laws and regulations.
Coordinate the processing of approved new commercial loans, letters of credit, extension, modification and deferral agreements, loan advances, and any other documentation as necessary.
Report any exceptions promptly and prior to disbursement.
New Loans : Order flood certifications, appraisals, pest inspections, title insurance, UCC searches, and surveys as needed.
Review loans in process for accuracy, technical exceptions and adherence to policies, laws and regulations; reports exceptions to immediate supervisor and / or commercial loan officer.
Close loans and disburse loan proceeds. Ensure documents are recorded and legal filings complete.
Follow up on documentation exceptions and / or any outstanding items such as financial statements or evidence of insurance.
Extension, Modification, and Deferral Agreements : Prepare new documents and present to commercial loan officer for review.
Maintain follow-up system to ensure documents are returned in a timely manner. Update records and verify that files are complete and accurate.
Loan Advances : Ensure loan advances are handled accurately, according to instructions and in keeping with policy; report exceptions to the commercial loan officer and immediate supervisor.
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This position starts at $27.69 per hour and can increase from there depending on experience.
Applications will be accepted through February 21st, 2025
Requirements :
5 years in commercial lending.
Willingness to assume additional responsibilities / duties / projects as they arise.
Ability to maintain regular and punctual attendance.
Salary : $28
