Commercial Loan Administrator / Closer II

Application deadline is 5 days after the date the role was posted.

Thank you for your interest in Bellco Credit Union. We're a local not-for-profit organization that has been giving back to our members, the communities we serve, and of course, our employees since 1936. Offering one of the best employee benefits packages around, Bellco is a leader in fostering, developing, and engaging staff to become expert financial-service ambassadors. You're a part of something more at Bellco-a place you can be proud of.

Commercial Loan Administrator / Closer II

LOCATION: Corporate DIVISION: CMXO

FUNCTIONAL DESCRIPTION:

Responsible for the entirety of the commercial loan closing process to include closing, due diligence, documentation, and regulatory compliance. The Commercial Loan Administrator/Closer will be responsible for coordinating the activities, decisions, and communications internally, with members, outside counsel and third parties. Ensures completeness, accuracy, timeliness, and quality document preparation using Commercial loan operating system and other software. Must analyze multifaceted entity and collateral information, comply with approved terms of the loan.

ORGANIZATIONAL RELATIONSHIPS:

Reports To: Manager - Commercial and Small Business Loan Operations

Supervises: None

Contacts: Bellco members and employees, vendors (title companies, attorneys, and appropriate government agencies)

QUALIFICATIONS/REQUIREMENTS:

Education: Bachelor's Degree

Required

Experience: 3-7 years commercial or real estate loan processing experience

Regulatory compliance knowledge for commercial loans

Working knowledge of loan servicing and loan origination systems

Knowledge of commercial loan documents and documentation requirements

Collateral perfection for commercial and residential real estate

Preferred

Experience: Produce loan documents using LaserPro software

Extensive knowledge of Commercial loan document requirements

Knowledge of collateral perfection for all types of commercial collateral

(UCCs, possessory, Deed of Trust)

Skills: Proficient use of Microsoft Office and other internet resources.

Highly detail oriented.

Analytical and organizational skills.

Ability to work independently, prioritize and multi-task without compromising quality.

Professional verbal and written communication skills.

Equipment: Commercial loan origination systems, PC, computer keyboard, telephone systems, internet (browser based), imaging systems, Laser Pro documentation, Windows based system environments

ESSENTIAL FUNCTIONS:

1. Demonstrate Bellco's Act Nice Behaviors and Core Values in all interactions with members, prospective members, and personnel in other Bellco departments.
2. Maintain a working knowledge of Commercial Loan due diligence, risk management requirements, loan policy and procedures.

3. Ensure all commercial loan files comply with company lending policies, as well as state and federal lending guidelines. Collect and accurately document HMDA information when applicable.

4. Create and maintain all commercial loan checklists, including compliance, legal, regulatory, entity and collateral information for the pre- and post-closing process.

5. Create and maintain the commercial loan file, order third party documentation and reports as needed and assist underwriters in clearing conditions.

1. Use independent judgement to analyze and review supporting documentation, including title work, appraisals, legal documents, entity formation documents, and Beneficial Ownership Certifications.
2. Proactive identification and communication of potential risks and adverse situations that may impact the credit union interests and pursue corrective action and solutions. Notify Management immediately of concerns.

1. Create loan closing packages in accordance with approved loan requirements, loan covenants, and legal opinions. Complete review of all necessary documentation, ensuring proper approvals are obtained.

1. Facilitate communication between borrowers, brokers, internal and external legal counsel.
2. Servicing of commercial loans on the core system.
3. Assist manager in preparation for all internal and external audits, including reports, missing information, file review and organization.
4. Assist with loan participation functions including wires, and servicing functions.

1. Assist in the creation and testing of new business and loan products in the core origination system as well as LaserPro documentation system.
2. Authority to propose and implement management operating practices; carries out major assignments in conducting the operations and performs work that affects commercial loan operations to a substantial degree.
3. Management retains the right to reevaluate requirements of the position at any time.

WORKING CONDITIONS:

Office environment

Necessitate some movement from department to department

Mobility through the department is necessary

Bellco Credit Union provides a comprehensive benefits package to employees, including: Medical, Dental, Vision, 401 (k) with company match, Supplemental Life Insurance, Paid Vacation, Paid Sick Days, and Paid Holidays.

In addition to base compensation, Bellco Credit Union offers bonuses for the following roles:
Non-exempt branch roles may earn monthly bonuses for meeting production goals and quarterly bonuses for meeting team goals.
Exempt branch roles may earn quarterly bonuses for production and team goals.
Exempt non-branch management roles may be eligible for an annual managerial bonus.
Non-branch non-management roles may be eligible for on-the-spot bonuses for extraordinary performance.