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1st Security Bank of Washington · 4 months ago

Commercial Loan Coordinator I

Lacey, WA 98503, USA

Full-time

Onsite

Entry Level

$24/hr - $29/hr

2+ years exp

1st Security Bank of Washington is a well-regarded financial institution recognized for its commitment to exceptional client experiences and community support. The Commercial Loan Coordinator I role involves processing and preparing loan documentation for various types of commercial loans, ensuring compliance with credit approvals, and providing high-quality customer service. The position requires effective communication and coordination with lending officers and other stakeholders throughout the loan process.

Finance

Culture & Values

Responsibilities

Prepares and processes documents throughout the application process. Ensures loans are processed and loan documents prepared in accordance with the credit approval

Responsible for the preparation of closing Documentation for commercial loans

Collects data to clear title per company standards and guidelines

Follows up to obtain and maintain appropriate supporting file documentation such as title endorsements, building/occupancy permits, insurance etc

Setup loan files and maintain credit files in accordance with processing guidelines

Reviews title commitments, orders flood determinations, appraisals, opens & coordinates escrow

Accurately maintains and updates all system records, loan files, lot release according to procedures including performing a post funding review of loan files to ensure accuracy

Reviews requests for changes and/or waivers to certain loan documents and conditions within scope of authority. Identifies issues and concerns, coordinates communication of requests with lending officer, credit analyst and/or management for resolution

Prepares wires in accordance with company standards and guidelines

Works with lenders, management team, escrow closers, external and internal legal counsel to document and close loans

Performs other duties as assigned

Qualification

Commercial lending experienceConstruction lending knowledgeLoan documentation preparationMicrosoft Office proficiencyDetail-orientedCommunication skillsTeam playerProblem-solving skills

Required

2+ years related job experience specifically, commercial and construction lending concepts, procedures, and documents (origination, processing, closing and/or servicing)

Accounting or similar detail-oriented knowledge helpful

Basic knowledge of all applicable regulations that pertain to this position is required

Knowledge of the Bank Secrecy Act and Anti-Money Laundering policies, procedures and related programs

Ability to prioritize work, communicates status of files with loan officers, borrowers, etc., and follow up on documentation

Skilled in Microsoft Office Products

Proficient using 10-Key

Typing skills

Benefits

Full medical, dental, and vision coverage for individual or family plan.

Life insurance.

Long-term disability insurance.

401K matching program.

Paid sick and vacation time.

Company

1st Security Bank of Washington

Headquartered in Mountlake Terrace, Washington, 1st Security Bank has been serving customers in King, Kitsap, Pierce, Lewis, Thurston, Grays Harbor, Snohomish, Clallam and Jefferson counties since 1936.

Founded in 1936

Mountlake Terrace, Washington, USA

201-500 employees