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US
Union Savings Bank -CT
Commercial Services Processor
Career Insights for Loan Administrator / Manager
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Based on Connecticut data
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What they do
A Loan Administrator or Manager services a loan once it has been agreed. Sends monthly bills to the loan recipient. May also maintain payment records and monitor compliance with the loan agreement.
$84,401 / year median in Connecticut
-14% projected decline
Job Description
Process line of credit renewals for Commercial Services, including the preparation of loan approval documents. Serve as the appraisal liaison for Commercial Services and Business Banking. Reports to the AVP Commercial Services Administration Manager. Administrative Responsibilities Serve as appraisal liaison. This includes facilitating bid requests initially through the Credit Administration Department, engaging with account officers and appraisal companies, as well as with the Bank's outside firm utilized to review the appraisals. Process RIM. Submit relationship change requests to Loan Operations for processing. Serve as Secretary of Management Loan Committee. Prepare meeting minutes and forward to Assistant Corporate Secretary for monthly Trustee Loan Committee meetings. Obtain approvals for expense invoices by forwarding to appropriate Team Leaders. File all loan documents and correspondence as well as track financial information received within the department. Servicing Responsibilities Follow and uphold USB Customer Service Standards in interactions with internal and external customers. Loan Administration Responsibilities Process basic Commercial and Industrial modifications. Process withdrawn / declined loans. Prepare Commercial and Industrial loan closing documents. Perform UCC-1 and Concord searches and complete CIP review. Run credit reports. Review Commercial and Industrial Loan Proposal / Approval forms for CIP and proper approval. Input