Commercial Loan Assistant

LOAN OPERATIONS MANAGER

JOB DESCRIPTION

Summary: Responsible for overseeing all aspects of the Loan Operations Department including preparation of Laser Pro loan documentation and loan booking for various types of commercial loans. Loan Servicing, Collateral Tracking and Insurance Tracking on Silverlake (Jack Henry) Core System.

Role and Responsibilities:

· Complete loan booking of all new commercial loans, renewals, and modifications.

· Maintain and ensure the integrity of collateral, accurately and timely record documentation, and review all post-closing records.

· Generate and prepare regular reports on loan activity, delinquencies, and other relevant metrics for management review.

· Process funding on all loans booked.

· Process loan payments.

· Prepare Income and outgoing wires.

· Post SBA payments and 1502 reporting.

· Process Construction Draws

· Prepare and process payoff statements and discharge documents.

· Ensure file maintenance is processed daily and accurately including address changes, rate changes, collateral changes, etc.

· Knowledge of Flood Insurance, Hazard Insurance, Wind Insurance regulations and requirements. Maintain the insurance tracking log and communicate with service company regarding any exceptions, updates, or corrections.

· Generates monthly reports from insurance tracking company and review.

· Review daily servicing system reports of loan account maintenance to ensure compliance with bank policy and loan documentation.

· Scanning of all loan documents into Synergy.

· Maintain working knowledge of regulatory and state guidelines.

· Perform other departmental duties as needed.

Qualifications and Education Requirement:

· Minimum of five (5) years of loan operations experience.

· Familiar with Regulations and Compliance.

· Strong knowledge of the different types of loans and how they are processed, including SBA loans.

· Good written and verbal communication skills.

· Detail oriented with ability to organize and maintain an effective workflow.

· Ability to work effectively and cooperatively in a team environment.

· Effectively interact with vendors and government agencies regarding documentation deficiencies.

· Proficient in Excel, Microsoft Office, Jack Henry products, Laser Pro, Synergy, Silverlake, Jack Henry, and Xperience.

Disclaimer:

This job description in no way states or implies that these are the only duties to be performed by the employee occupying this position or that these duties are permanent. Employees will be required to follow any other job-related duties requested by the employee’s supervisor. Job descriptions may be revised from time to time to reflect the changes in job duties or job requirements.

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