What are the responsibilities and job description for the Commercial Loan Processor, Senior position at First Northern Bank and Trust Co.?
Job Description
POSITION SUMMARY
Oversee daily activities of loan production which includes loan processing, documentation, loan servicing, together with monitoring management of loan operations and loan closing. Develop and implement operational, servicing, or documentation procedures, methods and work systems. Delegate work to loan department personnel. Provide guidance to associates within the loan departments regarding documenting loans, compliance, policies, and procedures.
Assist the Chief Credit Officer and Commercial Lenders to complete tasks as assigned.
Administrator for Finastra LaserPro loan software. Responsible for updating rates, creating new loan templates and other changes within the LaserPro program. Open problem cases and work with LaserPro technical support to resolve issues. Work with the IT department in regards to performing the necessary updates to the program as they become available. Educate and assist loan personnel with the LaserPro processing.
Reasonable Accommodations Statement
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable Accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
Essential Functions
Computer Skills
Microsoft Word, Excel, Access Jack Henry Loan Administration System, Powerpoint
Other Requirements
Must have transportation to seek loans from potential customers.
Company Description
First Northern Bank & Trust will remain an independent, locally owned and operated, tried and true community Bank. Our mission is to profitably serve the financial needs of the people and businesses in each of the eleven communities for which our retail network extends. The Bank will operate as it always has, in a highly prudent and conservative manner that enhances and secures shareholder value with minimal risk, while at the same time promoting a culture intensely focused on the customer experience; and on the retention and addition of long-term relationships through each of its customer interactions, one transaction at a time.
Our Vision Statement:
The vision of the Bank is to become the premier provider of community Bank financial services in each of the markets we serve. We will distinguish ourselves from our competitors by maintaining and marketing those traits, which make us a safer and more secure Bank than any of our peers, both local and national. Specifically, our Bank is extremely well-capitalized, with strong liquidity, in excess of most competitors. Profitable, sustainable, and natural-internal growth will result from a Bank-wide collective effort intensely focused on the “customer experience.” Sound proactive planning, vigilance, and execution, coupled with the continued development and daily improvement of our line and staff, will be the means through which we meet and exceed our goals.
First Northern Bank & Trust will remain an independent, locally owned and operated, tried and true community Bank. Our mission is to profitably serve the financial needs of the people and businesses in each of the eleven communities for which our retail network extends. The Bank will operate as it always has, in a highly prudent and conservative manner that enhances and secures shareholder value with minimal risk, while at the same time promoting a culture intensely focused on the customer experience; and on the retention and addition of long-term relationships through each of its customer interactions, one transaction at a time. Our Vision Statement: The vision of the Bank is to become the premier provider of community Bank financial services in each of the markets we serve. We will distinguish ourselves from our competitors by maintaining and marketing those traits, which make us a safer and more secure Bank than any of our peers, both local and national. Specifically, our Bank is extremely well-capitalized, with strong liquidity, in excess of most competitors. Profitable, sustainable, and natural-internal growth will result from a Bank-wide collective effort intensely focused on the “customer experience.” Sound proactive planning, vigilance, and execution, coupled with the continued development and daily improvement of our line and staff, will be the means through which we meet and exceed our goals.
POSITION SUMMARY
Oversee daily activities of loan production which includes loan processing, documentation, loan servicing, together with monitoring management of loan operations and loan closing. Develop and implement operational, servicing, or documentation procedures, methods and work systems. Delegate work to loan department personnel. Provide guidance to associates within the loan departments regarding documenting loans, compliance, policies, and procedures.
Assist the Chief Credit Officer and Commercial Lenders to complete tasks as assigned.
Administrator for Finastra LaserPro loan software. Responsible for updating rates, creating new loan templates and other changes within the LaserPro program. Open problem cases and work with LaserPro technical support to resolve issues. Work with the IT department in regards to performing the necessary updates to the program as they become available. Educate and assist loan personnel with the LaserPro processing.
Reasonable Accommodations Statement
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable Accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
Essential Functions
- Supervise and assist loan department personnel.
- Stay well informed with regulatory lending changes.
- Prepare commercial loan closing documents including commitment letters, modifications, extension letters, renewal letters, and notice of action taken forms.
- Review completed commercial loan documents to ensure for accuracy prior to loan closing.
- Review commercial loan uploads to the core system for accuracy.
- Assist Chief Credit Officer to complete tasks as assigned.
- Assist commercial lenders as needed with loan inquiries related to billing questions, payments, transfers, ACH and other miscellaneous items.
- Process commercial loan payments, participation payments and advances as needed.
- Maintenance loans as needed.
- Monitor ARM and 5 Yr. Treasury rate review dates for loan maintenance.
- Assist Bank examiners and auditors as it relates to the credit department.
- Perform as necessary loan policy and lending authority updates for submission to the Board for approval.
- Perform the necessary lending compliance policy updates for submission to the compliance committee for approval.
- Upload and maintain loan and lending compliance policies to BAI Policy Manager.
- Order commercial construction inspections, complete draws and pay invoices.
- Order property and flood reports as needed.
- Order appraisals when requested by commercial lenders.
- Prepare wires and enter outgoing wires.
- Scan, indexing and filing commercial loan documents into Synergy.
- Order reports from Operations Department as requested/needed.
- Backup for the Commercial Loan Closing Department Manager.
- Partake in monthly Compliance Committee meetings.
- Partake in Executive Compliance Committee
- Partake in ERM Meeting/Assist with data input for credit KRI.
- Prepare and submit to Board for Qtr. end “Loans as a % of Risk Based Capital” report.
- Complete personnel reviews for Loan Operations Manager and Loan Closing Department Manager.
Computer Skills
Microsoft Word, Excel, Access Jack Henry Loan Administration System, Powerpoint
Other Requirements
Must have transportation to seek loans from potential customers.
Company Description
First Northern Bank & Trust will remain an independent, locally owned and operated, tried and true community Bank. Our mission is to profitably serve the financial needs of the people and businesses in each of the eleven communities for which our retail network extends. The Bank will operate as it always has, in a highly prudent and conservative manner that enhances and secures shareholder value with minimal risk, while at the same time promoting a culture intensely focused on the customer experience; and on the retention and addition of long-term relationships through each of its customer interactions, one transaction at a time.
Our Vision Statement:
The vision of the Bank is to become the premier provider of community Bank financial services in each of the markets we serve. We will distinguish ourselves from our competitors by maintaining and marketing those traits, which make us a safer and more secure Bank than any of our peers, both local and national. Specifically, our Bank is extremely well-capitalized, with strong liquidity, in excess of most competitors. Profitable, sustainable, and natural-internal growth will result from a Bank-wide collective effort intensely focused on the “customer experience.” Sound proactive planning, vigilance, and execution, coupled with the continued development and daily improvement of our line and staff, will be the means through which we meet and exceed our goals.
First Northern Bank & Trust will remain an independent, locally owned and operated, tried and true community Bank. Our mission is to profitably serve the financial needs of the people and businesses in each of the eleven communities for which our retail network extends. The Bank will operate as it always has, in a highly prudent and conservative manner that enhances and secures shareholder value with minimal risk, while at the same time promoting a culture intensely focused on the customer experience; and on the retention and addition of long-term relationships through each of its customer interactions, one transaction at a time. Our Vision Statement: The vision of the Bank is to become the premier provider of community Bank financial services in each of the markets we serve. We will distinguish ourselves from our competitors by maintaining and marketing those traits, which make us a safer and more secure Bank than any of our peers, both local and national. Specifically, our Bank is extremely well-capitalized, with strong liquidity, in excess of most competitors. Profitable, sustainable, and natural-internal growth will result from a Bank-wide collective effort intensely focused on the “customer experience.” Sound proactive planning, vigilance, and execution, coupled with the continued development and daily improvement of our line and staff, will be the means through which we meet and exceed our goals.
