Commercial Loan Processor

REPORTS TO: Vice President of Business Services

SUPERVISES: None

EXEMPTION STATUS: Non-exempt

PRIMARY FUNCTION: Manage and coordinate the documentation, verification and administrative steps required to process commercial loan applications from submission through approval and closing.

Starting Hourly Rate: $22.00

• Complete regulatory due diligence to validate information required for documentation; obtain and/or conduct a thorough review of corporate and collateral documentation including but not limited to certificates of existence, flood determination, UCC searches, appraisals, lien searches, title searches/commitment to check for accuracy, completeness and compliance with loan approval guidelines and internal policies.
• Review approved credit memos to understand the type and structure of the loan in order to correctly identify the necessary loan documents to ensure accurate funding under the appropriate collateral code.
• Ensure final title policy is received and reviewed for accuracy.
• Manage insurance, UCC and property tracking.
• Create SBA loan files in third party SharePoint software for loan boarding.
• Request status updates from preapprovals.
• Provide support in the collection and preparation of submitting loan applications with backing documentation to processing.
• Quote rates and price loans according to operation recommendations.

• Open accounts.
• Prepare an initial fee worksheet.
• Establish and maintain filing and record keeping procedures.
• Set up ACH/Auto transfer file maintenance.
• Provide any necessary assistance through production and underwriting process.
• Complete CUBG service and document request forms, SBA 1919 forms and 4506C forms.
• Prepare and fax payoff quotes, close credit lines per member request, post payoff checks.
• Audit all funded Commercial loans.
• Send miscellaneous documents via Adobe Sign (member apps, auto transfer forms).
• Attend Commercial lending training sessions.
• Assist with audits/exams.
• Assist with project testing, training and support.
• Gain and retain a high-level knowledge of all TFCU products, policies and procedures.
• Adhere to TFCU’s attendance and punctuality policy.
• Maintain a professional businesslike appearance in accordance with TFCU’s dress code policy.
• Engage in behavior that aligns with the credit union’s cultural beliefs.

Education: High school diploma or its equivalent preferred.

Experience: Two (2) years of financial institution experience required.

One (1) year business servicing experience preferred.

• Ability to gain and retain a familiarity of Lending policies and procedures.
• Outstanding time management skills. Ability to prioritize workflow and accurately complete multiple tasks.
• Strong written and verbal communication skills.
• Knowledge of Microsoft suite of software including Word and Excel.
• Strong attention to detail and accuracy.
• Problem-solving and researching abilities to service accounts.
• Ability to exercise judgment and initiative in dealing with members and member complaints.

Availability: Monday through Friday as scheduled.

• Sit, stand, walk and bend:
  While performing the duties of this job, this position is regularly required to sit, stand and walk about inside the Corporate Office.
• Use of hands/fingers:
  To operate a computer, keyboard, mouse and other office machinery such as but not limited to; a calculator, copy machine and printer. Additionally, this position is frequently required to sit and reach with hands and arms.
• Speech/hearing:
  This position frequently communicates via phone and in person. be able to talk to/hear members and staff.

Job descriptions are not intended and should not be construed to be exhaustive lists of all responsibilities, skills, efforts, and working conditions associated with a job. They are intended to be accurate reflections of those principal job elements essential for making fair pay decisions about the value of the job. This job description does not create or constitute the terms of a contract of employment, commitment, or guarantee of employment.

TFCU is an "employment at will employer."

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.