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Ascend Federal Credit Union · 2 weeks ago

Commercial Loan Processor

Murfreesboro, TN

Full-time

Onsite

Entry, Mid Level

1+ years exp

Ascend Federal Credit Union is the largest credit union in Middle Tennessee, focused on the expansion and diversification of its member groups. The Commercial Loan Processor will support, process, and review loan origination and renewal documents for commercial loan products, ensuring compliance with internal policies and procedures.

BankingConsumer LendingFinanceFinancial ServicesLendingRetirement

Responsibilities

Supports, processes and reviews loan origination and renewal documents for commercial loan products

Responsible for reviewing credit approval request, determining loan structure, obtaining correct due diligence documentation and preparing the required loan documentation for closings

Ensure the requirements of Board of Director’s Commercial Loan Policy regarding various aspects of loan documentation are met and satisfied and adhere to policies and procedures (regulatory, legal and internal)

Confirm proper approval was obtained for each loan request and conditions to close are satisfied prior to closing

If applicable, address the need for post-closing documentation for servicing specialists

Obtain the required documentation of various legal entities for the Borrower and Guarantors, if applicable, and ascertain proper signing authority

Understand/obtain the required application documentation

Determine and obtain the different collateral requirements of various commercial and small business loans

Insurance requirements based on collateral and regulatory guidelines

Real estate title policy and supporting documentation

Appraisal and Environmental Due Diligence is appropriate according to established policy

UCC pre-searches, when applicable

Generate accurate non-complex to moderate loan closing packages through the credit union’s preferred software program, confirming all exceptions are noted and communicated to the Commercial Loan Documentation Manager through the preparation of the Collateral Checklist

Review the accuracy of outside counsel documentation prior to closing, if applicable

Utilize Collateral Checklist to accurately track the compiling of necessary documentation, itemize/track closings documents and establish/maintain CIFs for borrowers

Assist in accurately updating Loans Pending Closing pipeline to track the closings of pending loans and issues arising with the documentation that may impact the scheduled closing and present weekly report to management, effectively participating in weekly staff and individual meetings as required

Effectively communicate with Business Loan Advisors or other personnel for timely delivery of completed closing packages and specific closing instructions

Follow all credit union policies and procedures, compliance regulations, and complete all required annual required or job-specific training

Carry out all responsibilities with professionalism and respect for others in accordance with the credit union’s policies, procedures, and applicable laws

Read all internal publications including HUB and Possibilities

Perform other duties as required or assigned

Qualification

Commercial loan processingFinastra/LaserProLoan documentationMicrosoft OfficeTeamworkOrganizational skillsAttention to detailCommunication skills

Required

High school graduate or equivalent

1-3 years of commercial loan processing experience is required

Ability to work in a team environment and provide excellent internal and external member service

Ability to manage an assigned pipeline in order to meet closing expectations

Excellent organizational skills

Proficiency with departmental software

Demonstrates a competent grasp of the Board of Director's Commercial Loan Policy and MBL Procedures with adherence to those policies and procedures along with regulatory requirements

Comprehend the concepts and principles of loan documentation requirements dictated by loan type and collateral and utilize these accurately in the creation of loan documentation

Strong attention to detail

Must be a self-starter

Ability to multi-task and prioritize with the appropriate sense of urgency

Proficiency with departmental software

Working knowledge of Microsoft Office applications

Excellent verbal and written communication skills

Regular and reliable attendance is required