What are the responsibilities and job description for the Commercial Loan Closing Assistant position at Hope Credit Union?
Title : Commercial Loan Closing Assistant
Department : Commercial Lending - Loan Operations
Reports To : VP - Commercial Loan Operations
Supervises : None
Job Classification : Full-time, Non-Exempt
Job Summary
The Commercial Loan Closing Assistant will assist the Commercial Team by providing administrative and closing support to the Loan Closers and the Commercial Lending Team. The Commercial Loan Closing Assistant will be responsible for gathering and reviewing required documentation and following up on outstanding post-closing documentation to ensure required documentation is obtained and filed in accordance with the terms and conditions of the loan approval.
Primary and Essential Functions
- Assist with ordering, gathering and reviewing of required documentation and other due diligence, including but not limited to the requirements of the closing checklist.
- Effectively communicate additional requirements and / or obtain clarification on loan closings from internal and external partners.
- Assist with drafting internal commercial loan closing documentation using Compliance One Lending System for small, non-complex loans.
- Ensure all executed and recorded commercial loan closing documents are received, filed and uploaded in the imaging system.
- Review and monitor quality control exceptions and assist with clearing outstanding documentation exceptions.
- Assist with UCC filings and releases and mortgage lien releases when loans are paid off.
- Assist with processing Modifications, Extensions, Renewals and Advances to ensure timely and accurate completion.
- Provide administrative support and perform regular commercial loan file maintenance.
- Responsible for assisting Loan Officers in resolving closing issues.
- Maintain professional and positive contact with co-workers, customers, and others to encourage positive and cooperative working relationships that enhance HOPE's image.
Secondary Functions
Regulatory Compliance Requirements
Accountability for Business Results
Specified Authority Level
Competencies / Skills
Desired Qualifications
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
