Commercial Loan Processor - Banking

GenoaBank, founded in 1902, is a locally-owned, independent community bank that provides a broad range of banking services to both business and private customers in counties of Lucas, Ottawa, Sandusky, Wood, Fulton, Erie and the Michigan County of Monroe. Since the time GenoaBank first opened its doors, it has continued to expand and now operates branches in Elmore, Fremont, Maumee, Millbury, Oregon, Perrysburg/Rossford, Port Clinton/Catawba, Sylvania, and Downtown Toledo, Ohio. GenoaBank has always been driven to serve each community's financial needs and continues to provide the same friendly, personal service it has since day one. Taking your banking needs personally is our priority. Your financial needs will be met with exceptional service, quick decisions, innovative products and great rates that only local ownership can deliver. GenoaBank offers experience and service that has kept customers coming back for over 120 years! GenoaBank. Taking your banking needs personally.

COMMERCIAL LOAN PROCESSOR - BANKING

Position Summary:

Supports the commercial lending function by preparing, reviewing, and coordinating documentation for commercial loans from approval through closing. Processes commercial loan applications, commercial loans and commercial loan documentation in compliance with bank policy, approval terms, and applicable laws and regulations while providing timely service to lenders, customers, title companies, and other third parties. Assembles, checks and verifies the accuracy and completion of all loan documentation necessary for loan closings. Assists in scheduling loan closings and answers routine questions regarding the commercial loan process. Prepares checks for the distribution of loan proceeds and construction draws.

Essential Duties & Responsibilities:

New Files:

Obtains all new commercial loan files and ensures all necessary documentation is in the file. Contacts loan officer or customer to obtain the proper information. Orders title, appraisal, and other necessary documentation for all commercial loans.

Commercial Loan Processing :

Sends commitment letter and proceeds with processing after loans are approved. Ensures proper documentations are in each file and verifies accuracy and completion. Orders inspections and coordinates construction draws and keeps records for each construction deal.

Loan Closing Packages:

Ensures all documentation required for closing is completed and assembled. Prepares HUD statement and check for distribution of funds and communicates with the title company to schedule loan closings. Sends closing package to title company. Occasionally closes loans for customers.

Customer Service:

Answers customer questions and fulfills requests. Communicates with Loan Officers and Credit Analyst to ensure the loan process is properly completed.

Other Functions:

Responsible for various administrative duties to assist Senior Management and Lenders. Responsible for completing HMDA on applicable commercial loans. Clears exceptions on commercial loans. Maintains compliance and required compliance training with all banking laws, acts, regulations and bank policies and procedures. Any additional duties and/or projects as assigned by Management.

Requirements & Qualifications:

Education/Specialized License(s): Associate degree or higher in business, finance or related area preferred.

Experience:

2 years experience in Loan Processing and/or banking; Commercial experience preferred; understanding of banking regulations, compliance standards, and internal policy requirements related to commercial lending.

Specific Skills:

Proficient computer skills; above average verbal and written communication skills; strong attention to detail, organization, and time management; ability to manage multiple files, prioritize competing deadlines, and follow through on open items; sounds judgement and problem-solving abilities.

Supervisory Responsibility:

None.

Working Conditions:

Monday-Friday 8:00 AM - 5:00 PM, additional hours as required. GenoaBank offers excellent benefits. We pay 100% of the premiums for the employees medical, dental, vision, long-term and short-term disability, and life insurances. We also offer a 401(k) plan and match 50% up to 8% and offer an additional 4% profit sharing as well as an Employee Stock Purchase Plan and generous paid time off. EOE/AA