What are the responsibilities and job description for the Commercial Loan Assistant- Roseville, CA position at Oak Valley Community Bank?
About Company:
About the Role:
We are seeking an individual who will provide administrative support to an assigned Commercial Loan Officer(s) by assisting in the coordination of loan documentation requests and portfolio management. This individual is responsible for ensuring all supporting documentation is received and reviewed in accordance with credit policy and procedures and all applicable laws and regulations prior to requesting loan documents on new loans, renewals, and extension requests. Additionally, this individual will assist commercial loan officers with exceptions, ticklers, covenant compliance, maturities, delinquencies, and other administrative duties as required.
Essential Duties:
Loan Documentation Review and Workflow Creation:
- Reviews incoming loan requests or updated financial packages for accuracy.
- Creates workflows for loan applications onto the commercial lending software for further review and underwriting.
Coordination with Underwriters and Loan Officers:
- Works closely with the underwriters and loan officers to obtain a complete loan package.
- Coordinates the timing of approval, including obtaining or ordering financials, tax returns, appraisals, prelims, and other necessary reports.
Loan Documentation Management:
- Manages the overall process and integrity of Loan Documentation Requests upon loan approval.
- Compiles and coordinates complete loan documentation packages, including entity documentation, preliminary title reports, UCC searches, and other necessary items.
Escrow Coordination and Report Ordering:
- Coordinates the opening of escrows, obtains title fees, and orders third-party required reports.
- Includes credit reports, UCC lien searches, preliminary title reports, flood reports, and other applicable reports.
Construction Loan Budget Preparation:
- Assists Commercial Loan Officer and Construction Servicing in the preparation of construction loan budgets.
Minimum Qualifications:
- High school diploma or equivalent.
- Previous experience in a banking or financial services environment and should consist of credit or loan processing background
- Strong organizational skills and attention to detail.
Preferred Qualifications:
- Associate's degree in finance, business, or a related field.
- Experience with commercial lending processes and documentation.
- Proficiency in loan processing software and Microsoft Office Suite.
The required skills for this position include strong organizational abilities, which are essential for managing multiple loan applications and ensuring that all documentation is complete and accurate. Attention to detail is critical, as even minor errors can lead to significant delays in the loan process. Excellent communication skills are necessary for effectively interacting with clients and providing them with timely updates on their loan status. Preferred skills, such as familiarity with commercial lending processes, will enhance the assistant's ability to support loan officers and navigate complex applications. Proficiency in relevant software tools will streamline daily tasks, allowing the assistant to focus on delivering exceptional service to clients.
