What are the responsibilities and job description for the Business Loan Assistant position at EastRise Federal Credit Union?
Job Description
Job Description
EastRise Credit Union is seeking a Business Loan Assistant! The Business Loan Assistant performs administrative duties in support of Business Loan Officers including loan documentation preparation, filing, loan and deposit servicing, and member service.
Position Details :
Hours : Monday - Friday, 8 : 00 am - 5 : 00 pm
Location : Williston, VT
Key Responsibilities :
Conduct a thorough review of Loan Approval Report, corporate and collateral documentation, i.e., certificates of existence, flood determinations, appraisals, lien searches, title searches / commitment to check for accuracy, completeness and compliance with loan approval guidelines and internal policies. Prepare accurate LaserPro loan documentation necessary for new / existing, complex / non-complex member business loan closings and examines documentation to ensure that it adheres to Loan Approval Reports, NEFCU loan policies, and federal lending guidelines.
Identify, input and maintain outstanding tickler items to ensure follow-up items are being reported, tracked and resolved properly. Provides checklists of needed documents to the assigned Business Loan Officer. Keeps Business Loan Officer aware of documentation exceptions and assists with collection of required documents. Timely completion of annual business financial information request letters as well as the coordination of an UCC expiration review process with Loan Servicing.
Accurate and complete assembly of loan files for submission to the On Base and File Library. Conduct a post funding review, and cross check core systems to ensure the loan is booked correctly. Ensure insurance certificate and the final title policy is received and review for accuracy.
Coordinates loan closing with Business Loan Officer and completes document delivery to the Business Loan Officer and / or Member. Effectively contacts members and / or their attorney and / or accountant to gather required entity documentation, financial data, insurance information, etc. by employing strong verbal and / or written communication skills.
Facilitate the ordering of appraisals on behalf of the Business Loan Department via the Appraisal Desk using existing NEFCU technologies and / or systems currently in-place.
Skills and Qualifications :
A minimum of one year up to three years of similar or related experience, including preparatory experience.
A college degree preferred.
Why Work at EastRise Credit Union?
At EastRise Credit Union, we believe in making a positive impact on the financial lives of our members and our employees. As a member-focused organization, we are committed to creating an environment that supports professional growth, work-life balance, and financial well-being. We offer a competitive benefits package that includes :
Health, Vision, and Dental Insurance
401(k) with Employer Match
Paid Time Off starting at 3 weeks per year, increasing with tenure.
Sick / Personal Time and 11 Paid Holidays
Short- and Long-Term Disability Coverage
Tuition Prepayment or Student Debt Relief
Continuing Education Opportunities
Wellness / Fitness Reimbursement
EastRise Credit Union is an Equal Opportunity Employer (E.O.E.)
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