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CommunityAmerica Credit Union · 2 days ago

Commercial Loan Administrator

Lenexa, KS

Full-time

Onsite

Senior Level

5+ years exp

CommunityAmerica Credit Union is a mission-driven financial institution seeking a Commercial Loan Administrator to manage the full lifecycle of commercial loans. This role involves ensuring compliance with internal policies and regulatory requirements while providing technical support to loan officers and exceptional service to business members.

BankingFinancial ServicesMobile Payments

Comp. & Benefits

Responsibilities

Obtain and review all documentation and due diligence requirements, such as flood letters, title work, appraisals, environmental reports, entity documents, corporate searches, credit bureau reports, collateral, tax transcript verification, and supplementary file documentation to confirm accuracy, completeness, and compliance with approval requirements, internal loan policy, and NCUA and other regulatory requirements

Conduct the pre-closing and closing processes to include the ordering and review of supporting documentation, preparation of loan documents, and boarding of Commercial Loans and MBLs to the appropriate systems in compliance with credit union policies, procedures, and loan approval requirements

Complete all requirements to perfect security interest in various types of collateral, including commercial real estate, accounts receivable, equipment, etc

Process payoff requests in accordance with terms of the Note and Loan Agreements

Review of closed loan package to ensure system information is complete and accurate, and all documents are complete and accurate

Track and resolve loan file exceptions in consultation with the Commercial Loan Specialist

Verify that proper approvals have been obtained and regulatory, credit policy, legal and operational requirements have been met

Provide technical advice and assistance to loan officers, credit analysts, and other Credit Union staff as needed

Perform post-closing review to ensure loan was booked according to the loan documents and set up loan ticklers for tracking purposes and help clear technical exceptions including insurance, property taxes, UCC continuations, recorded documents, final title policies, etc

Service existing Commercial Loans and MBLs, which includes processing loan modifications, payoffs, collateral changes, lien releases, satisfactions, subordinations, business status changes, and financial transactions such as payments and advances as well as other standard loan servicing tasks

Assist Relationship Managers in contacting members and other agents (i.e., CPA’s, insurance agents, etc) to obtain all necessary documentation for the loan file

Administer floating rate (adjustable rate) loans including researching and updating index values

Other duties as assigned

Qualification

Commercial loan operationsRegulatory complianceLoan documentation systemsSBA loan experienceMicrosoft Office proficiencyCommercial loan servicingMember service experienceSoftware learning abilityFinancial accounting knowledgeEffective communication

Required

5 or more years of experience in commercial services or commercial loan operations

Strong knowledge of commercial loan documentation, servicing processes, and regulatory compliance

Proficiency in Microsoft Office; experience with LaserPro or other loan documentation systems

Experience in a member service, client-facing environment

Communicate effectively in writing and orally

Experience in commercial loan processing or commercial loan operations with knowledge of commercial documentation systems and processes, specifically Commercial Loan Administration and Servicing

Ability to learn and utilize multiple software systems

Knowledge and experience with basic Microsoft applications, including Word, Excel, and Outlook

Knowledge of State and Federal Member Business Lending (MBL) and Commercial regulations and Credit Union Policies

Basic knowledge of financial accounting and corporate finance concepts