Commercial & Retail Loan Administrator Position Available In Erie, New York

Commercial & Retail Loan Administrator Lake Shore Savings Bank

• 1.6 Orchard Park, NY Job Details Full-time $55,000
• $65,000 a year 8 hours ago Qualifications 5 years Lending Senior level Bank Secrecy Act Communication skills Loan processing

Banking Full Job Description Summary of Job Description:

Incumbent shall be responsible for the loan operations and clerical support of the Commercial, Residential Mortgage and Consumer Division. Responsible for ensuring that all data upload, customer service, loan documentation preparation and loan files meet bank safety and soundness standards. Responsible for QC reviews of commercial, residential mortgage and consumer loans.

Primary Duties & Responsibilities :

Assist tellers with transactions and correct errors to GL. Process line of credit transfer and wire transfer requests. Works with Loan Officers to ensure that credit files are properly documented. Ensure that late notices and rate changes are correct and mailed in a timely manner. Ensure all commercial real estate loans have current flood determination prior to closing and documentation, if in a flood zone. Prepare loan closing documentation for new loan packages that are not subject to attorney preparation and closing. Review loan packages prepared by lenders and attorneys for proper documentation and track for completion. Verify data entry information and ensure proper loan upload to Insight. Maintain proper controls on documentation and ensure originals are placed in vault. Establish and maintain individual credit folders on each commercial loan borrower both paper files and electronic. All paper documents are scanned to establish tickler system and monitor for all Insurance expirations Real estate tax verifications Preparation of loan documents, memos, letters and other general clerical tasks. Scan documents to Identifi. Ensure Community Preservation Company loans are processed in a timely manner. Appraisals

• send out, manage invoices, request hard copies. Reports
• check 2 daily, 4 monthly. Track Commitment list, send list to Accounting monthly. Taxes
• research, draft and mail letters. Pre-Auth
• set up and review. Swap Loans
• track and process payments. Construction Loans with interest reserve
• process payments. Participations
• track and notify.

Monitors all UCC 1 filing forms and files continuation forms when necessary. Additional contact for many commercial and residential/consumer customers in regards to all other banking products. Perform QC reviews for commercial, residential mortgage and consumer loans. Primary/backup for processing and servicing of residential mortgage and consumer loans to be determined. Any other duties or projects that may be assigned.

Skills and Abilities Required :

General knowledge of all aspects of commercial, residential mortgage and consumer lending to include documentation and terminology. Excellent verbal and communication skills

Mandatory Requirements :

Experience Minimum5-7 years banking experience including loan operations or demonstrated knowledge of lending activities Must maintain knowledge to ensure compliance with Bank Secrecy Act regulations and all other regulatory, security and Bank policies and procedures. Must maintain a positive work atmosphere by behaving and communicating in a manner so that a positive working relationship with customers, coworkers and managers exist. Must interact professionally with other employees, board members, customers and external vendors. Must act in accordance with the Lake Shore Savings Bank Code of Conduct Policy.