New Dimensions Federal Credit Union · 5 days ago
Commercial Loan Processor / Credit Analyst
Waterville, ME
Full-time
Onsite
Mid Level
$27.72/hr - $34.65/hr
3+ years expNew Dimensions Federal Credit Union is seeking a Commercial Loan Processor / Credit Analyst to manage the loan application process and ensure documentation accuracy. The role involves reviewing financial information, assessing borrower risk, and supporting the Commercial Loan Underwriter with new credit requests.
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Responsibilities
Prepare loan documents for both new and renewed commercial loans, ensuring that all prepared loan documents are in compliance with loan approval terms
Order appraisals, flood determinations, environmental assessments, tax and lien searches, and other documentation required from third-party resources
Perform periodic reviews on existing commercial loan accounts through assessing borrower financial information to determine credit risk factors. Provides substantive written narratives with credit recommendations based on analyzed financial information in adherence to member business policies
Submits requests to closing attorneys for real estate title, MLI/survey, and closing documentation. Review of documents received from the closing attorney for accuracy and completeness. Corresponds with the closing attorney to satisfy any additional requests or information verification to ensure timely closings
Facilitates loan application intake with contracted Credit Unions. Review all application documentation for completeness. Create and maintain loan files in network drive for both new and renewed commercial loans
Assists with processing financial information onto the commercial loan presentation spreadsheet for new commercial loan requests when needed
Knowledgeable in opening new business accounts in Episys core system. Complies with commercial loan file maintenance, record retention, and NDBS filing systems
Prepares various reports periodically as requested by management
Performs other job-related duties as assigned
Qualification
Required
Three years to five years of similar or related experience
A two-year college degree or completion of a specialized course of study at a business or trade school or 5+ years of experience
Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation
Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication
While performing the duties of this job, the employee is frequently required to sit, occasionally stand and walk (including up and down stairs), use hands and fingers, reach with hands and arms, talk, and hear
The specific vision abilities required by the job include close vision, distance vision, and the ability to adjust focus
The employee must occasionally lift and/or move up to 10 pounds
Benefits
401(k) matching
Dental insurance
Employee assistance program
Health insurance
Life insurance
Paid time off
Vision insurance
Company
New Dimensions Federal Credit Union
NDFCU's mission is to provide relevant financial products and creative solutions to promote the uniqueness of the credit union philosophy.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase