Commercial Loan Processor I
Fremont Bank - Livermore, CA
posted 2 days ago
About the position
Fremont Bank, founded in 1964, is one of the oldest independently owned banks in the Bay Area and is recognized as one of the top-rated mid-tier banks in the nation. The bank has an immediate opening for a Commercial Loan Processor I in Livermore, CA. The role of the Commercial Loan Processor I is to support the underwriting team by assisting in gathering the necessary documents and information for sound lending decisions. This position involves working with various types of loans including commercial and industrial, commercial real estate, multifamily, and construction loans. The ideal candidate is a motivated team player who can work both independently and collaboratively to achieve the objectives of the Commercial Lending Department, ensuring on-time loan delivery with high accuracy while providing exceptional service.
Responsibilities
- Prepare due diligence needs list/letter and understand the purpose and reasoning for each document requested
- Track receipt and completeness of borrower and property due diligence
- Perform basic review of entity documents
- Upload and track documents received in the document manager application and continually review electronic file for completeness
- Order third party reports including appraisal, environmental, flood certificates and preliminary title reports
- Review preliminary title report for exception items and ensure proper lien prioritization for the Bank
- Order and review personal and business credit reports
- Run all necessary web searches required by BSA/AML and documentation department
- Request property insurance and ensure that the final insurance policy meets Bank guidelines
- Responsible for completing HMDA and other compliance requirements, including preparing loan withdrawn/decline packages
Requirements
- Bachelor degree in Business Administration/Finance or equivalent work-related experience
- Minimum of one year of banking experience in administrative/analytical support
- Basic knowledge and identification of various types of financial statements, tax returns and entity documents
- Experience with commercial lending and banking policies and procedures
- Ability to handle competing priorities effectively in a fast-paced environment and to follow-up
- Ability to deliver quality work product within established time frames and to communicate to stakeholders
- Excellent verbal and written communication skills with strong attention to details
- Excellent interpersonal skills and positive attitude and ability to deliver excellent service to internal partners and clients
- Experience working with a Windows-based computer environment, and knowledge of Microsoft Office
Benefits
- Competitive salary range of $21.44 - $27.62 per hour
- Recognition as a Top Workplace for 2023 and for the past thirteen consecutive years
