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First Federal Bank · 10 hours ago

Commercial Loan Assistant

Meridian, ID

Full-time

Onsite

Entry Level

1+ years exp

First Federal Bank is a community-focused mutual bank that has been serving its members for over 100 years. They are seeking a Commercial Loan Assistant to support the loan process by managing documentation, coordinating with various stakeholders, and ensuring compliance with regulations.

BankingFinancial Services

Responsibilities

Set up and maintain active workflow folders for new and existing loans as directed by CLOs and Credit Analysts

Assist with the completion of loan files including, but not limited to:

Request/order and review all documentation in support of a loan request

Conduct preliminary collateral research

Verify customer identification, update customer records, and prepare documentation required for regulatory and compliance purposes

Work within Loan Origination software to set up or review existing loan requests

Review files and application checklists for missing documentation

Prepare draft Compliance Certifications

Generate loan closing documents in compliance with regulations. Send loan documents to borrowers, title company, etc

Work with CLOs, Credit Analysts, peers, and other parties to coordinate timely closings in conjunction with receipt of all required documentation

Post closing, ensure loan documentation is signed and imaged appropriately

Post closing, work with loan processing on applicable loan file maintenance, to include tracking and monitoring, and ensure that files are completed in a timely manner

Effectively work to collect pending documentation such as title policies, recorded deeds of trust, vehicle titles, etc., and maintain tickler systems accordingly

Work within construction loan management software to set up, track, balance, and process construction draws and inspections. Also assist with tracking inventory on builder guidance lines to ensure loans are within approved parameters

Provide support as needed in answering customer questions, and processing payments, advance requests, payment corrections, payoff requests, etc

Obtain new or renewed collateral insurance documents and work with third party insurance tracking vendor

Perform clerical duties (filing, copying, scanning, email/mail correspondence, etc.) related to the commercial lending function

Perform job duties in compliance with all laws, rules, regulations, policies, practices, and procedures

Other duties as assigned by the Commercial Lending Team Lead or Senior Commercial Loan Officer