What are the responsibilities and job description for the Commercial Loan Group Loan Specialist position at Colonial Farm Credit?
Employing Unit: Colonial Farm Credit / Commercial Loan Group
Position Title: Loan Specialist (loan processor for Commercial Loan Group loans)
Salary: $46,000 commensurate with experience and qualifications plus superb benefits package provided to all employees including up to 9% 401k contributions and profit sharing program
Colonial Farm Credit ( www.colonialfarmcredit.com ) is an agricultural credit cooperation and provides loans for:
- Farms and country homes
- Land purchase, home construction, and improvements
- Buildings, machinery, livestock and equipment
- Production capital for both full-time and part-time farmers
- Ag-related businesses
We have an excellent employment opportunity for a Loan Specialist in our Commercial Loan Group. Under the general direction of the Commercial Loan Group Loan Operations Supervisor, this position is responsible for loan and accounting functions related to loan processing, loan closing, and loan servicing following procedures specific to Farm Credit, as well as a variety of administrative responsibilities including answering telephone, handling routine questions, and appropriately directing callers to other employees or resources as needed.
This position works closely with the Commercial Loan Group relationship managers (loan officers), handles all aspects of loan closings following loan approval and post-closing, and is responsible for loan servicing (i.e., loan payments, loan disbursements, and preparation of loan documents).
The position requires clear communication with attorneys/settlement agents and borrowers. (Note: Farm Credit loans are not sold on the secondary market, but rather are maintained in our loan portfolio through the life of the loan.)
Education, Experience, and Requirements (things you need to be successful)
1. Minimum of three years of related work experience
2. Computer experience with intermediate skills in Microsoft Outlook, Word, and Excel
3. Commissioned as Notary Public (current commission or application to be filed coincident with employment)
4. Ability to effectively handle multiple tasks and work independently (general supervision)
5. Excellent communication (oral and written) skills and interpersonal skills
6. Ability to maintain confidentiality
7. Superior attention to detail
8. Strong telephone, customer service, grammatical, and organizational skills
9. Acceptable background reports (credit, criminal, driving, and drug)
10. Knowledge of Farm Credit operations (preferred)
11. High school graduate (minimum; Associate’s degree from community or business college (preferred)
12. Real estate loan processor (knowledge of deeds, deeds of trust, mortgage notes, title insurance; residential and acreage real estate transactions) and/or mortgage experience (compliance) (preferred)
Location: to be determined by location of successful candidate and office availability
Applications Accepted Through: Tuesday, April 8, 2025
AA/EOE/M/F/D/V
Salary : $46,000
