Commercial Loan Processing Specialist

About the position

Responsible for accurate and efficient processing of commercial loans. Coordinates workflow, documentation, collateral perfection, and exception tracking. Provides quality service to First US Bank loan customers. Performs additional duties as assigned.

Responsibilities

• Utilize the bank's loan platform system to generate required loan documents such as promissory notes, deeds/mortgages, security agreements, and mandatory regulatory disclosures.
• Confirm data entered in the system matches terms of loan approval package; ensure organizational documents reflect proper signatory authority for legal entity borrowers; review preliminary title work to ensure clear final title; manage collateral lien perfection; verify adequacy of collateral insurance coverage.
• Upload and fund loans on the core data system; process disbursements.
• Scan and index loan documents to Synergy imaging system; set up loan files upon receipt of collateral and closed loan documentation from branches.
• Maintain and monitor tickler systems for tracking real estate title policies, recorded deeds/mortgages, UCCs, vehicle titles, insurance policies, annual financial statements, covenant testing, and other requirements.
• Perform daily loan servicing functions, including loan settlement, payment processing, account maintenance, customer inquiries, and other tasks.
• Monitor daily loan payoff report; prepare payoff letters; obtain lender approval and confirmation for collateral release; processes lien releases and cancellations.
• Participate in and complete all required compliance training, including BSA/AML, as well as other internal and external training programs.
• Participates in training new teammates as needed.
• Perform additional duties as assigned.

Requirements

• High school diploma or equivalent required; Bachelor's degree preferred
• Minimum of three years prior commercial loan processing experience required
• Knowledge of Jack Henry / OnBoard Loans platform system a plus
• Ability to operate bank software programs and standard office equipment; proficient typing skills
• Effective communication skills, both written and oral
• Strong time management and organization skills
• Self-directed with attention to detail
• Interpersonal skills necessary to professionally interact with customers, lending personnel, and third parties
• Ability to multi-task and routinely maintain a positive attitude
• Ability to work cooperatively in a team environment