Richwood Bank · 1 month ago
Commercial Loan Agent
2454 North Limestone Street, Springfield, OH, USA
Full-time
Onsite
Entry Level
2+ years expRichwood Bank is a community-focused institution that has been serving its local area for over 150 years. The Commercial Loan Agent will assist lenders in all stages of the lending process, ensuring timely processing and closing of loans while providing excellent customer service.
BankingBookkeeping and PayrollFinancial Services
Responsibilities
Enters basic loan application information to Lending Operating System
Collects Customer financial information and input into correct processing software
Performs Uniform Commercial Code (UCC) and federal tax lien searches as needed
Uploads Secretary of State Documents, Operating Agreements, etc. for applicable business entities
Processes and mail denied/withdrawn loan applications
Processes Credit Card charges for loan fees
Executes construction draw documentation and release funds on approval of lender
May be required to complete construction draw inspections with detained inspection description from lender
Uploads construction Draws to Web Director and maintains the Advances Missing Docs log in the Loan Portal
Works with loan processing to order appraisals, title work, homeowner's insurance and any loan conditions
Communicates with insurance agents, realtors, homeowner's association representatives as needed
Prints and review closing packages and review for closing
Confirm collateral, terms (length, rate, LTV, borrowers), covenants (accounts, financial statements, etc.), match approval certificate
Stacks Loan File
Attends loan closing and prepares all post-documentation for filing (mortgage, title, UCC, notice to buyers)
Scans all documents and prepares files for loan administration processing
Notarizes documents as needed
Fills out and submits loan maintenance forms when loan addendums are needed
Familiar with Tran Codes and Loan GL Accounts
TMS/loan ticket creation
Sends Wires
Orders mortgage release documents if needed
Reviews mortgage releases and sign off
Assists the lender in maintaining excellent communication with customers regarding status of loan applications and process
Keeps Outlook calendar updated with closings, appointments, and Loan Officer vacations
Attends Loan & Loan Agent meetings and other committees
Communicates potential top 100 customers to leadership based on financial review and new upcoming loans
Helps to develop and educate newer staff members as needed
Allow employees from other departments to shadow day to day activities as requested
Qualification
Required
High School Diploma or GED required
Able to multi-task when needed
Project management
Excellent customer service skills
Mathematical skills
In-depth knowledge of our bank products and services
Work well under pressure and in a fast-paced environment
Strong communication skills
High degree of accuracy
Detailed and organized
Maintain confidentiality at all times
Maintain a positive can-do attitude towards your team and customers
Punctual
Driven to succeed and open minded to learn more about new technology within our industry
Preferred
College preferred
2 year's experience in banking preferred
Ability to identify opportunities to educate customers of more products and services that may fit their needs (cross promotion)
Knowledge of various federal regulations including Bank Secrecy Act, Community Reinvestment Act, Americans with Disabilities Act, Right to Financial Privacy Act, Gramm-Leach-Bailey Act, Regulation E and teller roles and responsibilities relating to each act
Benefits
Medical and wellness program
Dental
Vision
Employee assistance plan
Life insurance
Supplemental short-term disability
401(k) plan
Enhanced Wellness program
Tuition reimbursement
Professional development opportunities
Company
Richwood Bank
At Richwood Bank we assist residents and business owners who want more from their financial institution than mere transactions.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
C
Chad Hoffman
President/CEO
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