Commercial Loan Processor

About the position

Androscoggin Bank, a values driven, mutual savings bank based in Lewiston, Maine, has an opening for a Commercial Loan Processor to join our team in either our Lewiston or Portland office. Our culture is one where we work collaboratively with clients and business partners to answer questions and assist in arriving at the most effective and efficient resolution to reasonably comply with regulatory requirements and do what is right for the client. The difference here is the great team you will work with and the ability to work in a local business with local decision making-where employees and clients come first! The Commercial Loan Processors are an integral part of our Commercial Lending Team. They are responsible for processing the origination of a portion of the Bank's commercial loans, working in conjunction with Commercial Lenders, Portfolio Managers, and Commercial Loan Assistants. Daily tasks may involve loan document preparation, advances, payments, wires, line renewals, loan extensions, modifications, construction loan/invoice payments, and problem resolution.

Responsibilities

• Works with lending officers, clients and legal counsel to establish and gather documentation required to process business asset loans, and business loan documentation according to the terms of approval and Bank loan policies. Communicates and monitors deliverable dates.
• Process all modifications for existing relationships to include, but not limited to, interest rate amendments, extensions, payment terms, line increases, additional collateral, etc.
• Independently and accurately gathers the following as they relate to the due diligence of loan closings, including, but not limited to, insurance, regulatory, or pre-closing requirements of approval, UCC searches, and all other applicable corporate documentation.
• Accountable for the follow up of a loan closing, including booking loans, recording vehicle titles and UCCs, disbursements to vendors, loan payoffs, balancing transactions, scanning loan files and maintain current records for collateral and original document tracking.
• Working knowledge of Bank, Federal and State regulations as they relate to Fair Credit, Reg. B, HMDA, CRA, and Flood compliance. Ensures consistent compliance with Bank policies and procedures.
• Must be proficient in the use of Microsoft Word. Knowledge of the nCino commercial loan system, Navigator, and LaserPro would be preferred.
• Must be detail-oriented with a high level of accuracy, and be able to multi-task and prioritize requests from clients, manager, commercial loan officers, credit department and loan operations.
• Must be able to prioritize in a fast-paced environment with a high level of organization and follow through.
• Performs other duties as may be required from time to time to insure the efficient operation of the Commercial Processing Department.

Requirements

• High school diploma or general education degree (GED); or one to three months related experience and/or training; or equivalent combination of education and experience.
• Proven knowledge of commercial lending administration functions, loan policies, regulations and loan operations procedures.
• Ability to perform detail oriented work with a high degree of accuracy.
• Ability to handle multiple priorities and tasks with follow through.
• Self-Starter with professional communication skills.
• Proven ability to meet deadlines and complete work in a timely manner.
• Proficiency with multiple computer applications, specifically word processing, spreadsheet and database management software.

Benefits

• Paid time off
• Holiday pay
• 401k participation with a generous match
• Access to Androscoggin Bank's full insurance benefit package (medical, dental, vision, life, and disability)
• Paid parental leave (six weeks of full pay for new mothers and fathers)
• Paid volunteer time
• Tuition and education reimbursement