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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

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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 Process withdrawn / declined loans.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
HMDA / CRA
data in applicable system. Set up credit files and provide to Vice President of Commercial Services Administration for post closing review. Process line of credit renewals for Commercial Services, including the preparation of loan approval documents. Data and Reporting Review application status tracking report and take appropriate action to ensure regulatory compliance. Track the receipt of brokerage statements for loans secured by marketable securities, monitor and update values, send report to Loan Servicing for processing and apprise account officers of any loan-to-value deficiencies. Prepare withdrawn/declined report as well as coordinate files for pickup by Loan Servicing. Input paid loans in tracking system and prepare files for pickup by Loan Servicing. Process environmental company requests to become bank approved and complete annual review process. Process law firm requests to become bank approved and complete annual review process. Experience Required 1 - 2 years: Commercial Services Experience 1 - 2 years: Banking Education Required High School Diploma or GED or better Preferred Associates or better Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities 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 (https://www.eeoc.gov/poster) notice from the Department of Labor.