First Federal Bank · 3 weeks ago
Commercial Loan Assistant
Meridian, Idaho, United States
Full-time
Onsite
Entry Level
1+ years expFirst Federal Bank is a community-focused bank that has been serving its members for over 100 years. They are seeking a Commercial Loan Assistant to support the loan processing workflow, manage documentation, and assist with customer inquiries in compliance with regulations.
BankingCommunitiesFinanceFinancial 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
Qualification
Required
Associates degree
1 year of financial institution or business-related experience
Sitting for extended periods of time
Ability to operate computer applications and basic business equipment
Preferred
3 years of financial institution experience with 2 years in lending/lending support
Benefits
Paid vacation
Sick leave
Holidays
Health insurance
Dental insurance
Vision insurance
401(K) retirement
Educational assistance
Life insurance
Long-term disability insurance
Paid community service hours
Pay-It-Forward program
Company
First Federal Bank
At First Fed, we pride ourselves on being Idaho’s only mutual bank with no shareholders or majority owners.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Jason Meyerhoeffer
President and CEO
Michael D Traveller
Chief Financial Officer
Recent News
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