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Arvest Bank · 2 days ago

Commercial Loan Assistant 2

Harrison, AR

Full-time

Onsite

Mid, Senior Level

$21.89/hr - $26/hr

5+ years exp

Arvest Bank is a financial institution offering a comprehensive suite of benefits. The Commercial Loan Assistant 2 provides quality and timely assistance to Commercial Bankers in servicing large and complex commercial loan portfolios, ensuring compliance with bank guidelines and exceptional customer service.

BankingFinanceFinancial Services

Responsibilities

Assist Commercial Banker in obtaining corporate entity information, and related loan documentation, including but not limited to, title searches/commitments, UCC searches, and flood determinations, appraisals for new loans

Review loan documents prior to closing (legal descriptions, closing dates, loan documents prepared in-house or by legal counsel, etc.) and close loans with customers

Oversee the loan documentation pipeline by updating officer and borrower on loan status, ensuring timely completion of the loan process

Identify clients’ operational needs and bank products/services to meet these needs

Serve as liaison with legal counsel, borrower and third-party vendors in coordinating receipt and review of required documents to expedite closing process

Perform post-closing reviews to ensure that loan files contain documents with proper signature, dates and other relevant data

Obtain credit information and ensure sufficient loan collateral

Recognize selling opportunities and effectively cross-sell bank products and make referrals

Work the Technical Exceptions (TE) list to ensure that bank security interests in the files are perfected in a timely manner

Disburse loan funds after closing and image loan documents within established timelines. Provide on-going support to foster customer relations. Ensure on-going maintenance of loans in the system to meet the bank’s and customer’s needs

Communicate with Group Appraisal and Consolidated Loan Support (CLS) regarding the processing of loans. Provide information in an efficient manner so loans can be processed timely for customers. May also communicate with Consumer Loan Underwriting (CLU) on consumer loans

Collect and analyze customer financial information. Annually obtain updated financial information and insurance to support outstanding loans

May have lending authority for secured loans up to $10,000

Serve as a resource to lower-level Loan Assistants

Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity

Qualification

Loan Operations ExperienceRegulatory KnowledgeNMLS SAFE Act RegistrationCommercial Lending FundamentalsCustomer ServiceCommunication Skills

Required

High school diploma or general education degree (GED) required

5 years banking or equivalent related experience, 2 of which are as a Loan Assistant or equivalent loan operations required

Working regulatory knowledge such as privacy, safeguarding customer information, Regulation B, Equal Credit Opportunity Act, Regulation Z, Truth in Lending, CRA, HMDA, and flood regulations required

Current NMLS SAFE Act Registration or the ability to be registered within 30 days required

Successful completion Fundamentals of Commercial Lending or ability to acquire within 90 days required