Find Jobs
Find Jobs Near You – Available Work in Your Location
Skip to job details
BB
Busey Bank
Commercial Loan Coordinator
Career Insights for Loan Administrator / Manager
See where this job fits in the broader career landscape. Knowing your career path helps you see what's possible from here.
Scorecard
Based on Illinois data
Review key factors to help you decide if this role fits your goals. How is this calculated?
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.
$68,793 / year median in Illinois
-11% projected decline
Job Description
Commercial Loan Coordinator Busey Bank - 3.3 Champaign, IL Job Details Full-time $23 - $27 an hour 1 day ago Benefits Profit sharing Wellness program Health savings account Employee stock purchase plan Disability insurance Health insurance Dental insurance Flexible spending account Paid time off Employee assistance program Vision insurance 401(k) matching Life insurance Qualifications Customer communication High school diploma or GED Full Job Description Position Summary The Loan Coordinator is responsible for the data integrity of customer and loan information as it is populated within loan applications and product packages and is the primary associate that works alongside the Busey Relationship Manager (RM). The coordinator collaborates with sales leaders on the generation of new loan requests, renewals, modifications or other customer requests within the Bank's loan origination system and develops strong working relationships with the Bank's external customer base and third-party vendors. Duties & Responsibilities Develop and apply strong knowledge of the Bank's "credit culture" and in partnership with Loan Coordination leadership advise Relationship Managers on deviations from standard practices. Acts as a resource for Relationship Managers on loan operations and the processing of loan requests through the loan operation system. Functions as a point of contact for other internal departments during the loan process, serving as a liaison between commercial lending departments such as Credit, Compliance, Deposit Operations, Loan Documentation, Loan Servicing and Post-Closing Review. Manages and oversees annual renewals, new loan requests and monthly reporting tasks on all loan types. Completes daily processes and maintains pace with month end, quarter end and year end volume levels. Enters customer and loan information into the Bank's loan origination system with specific attention to data integrity at the point of input. Obtains all pre-closing documentation requirements, such as flood letters, title work, appraisals, entity documents, corporate searches, credit bureau reports Interacts, both verbal and written, with clients per Relationship Manager's direction on collecting data, documents, and various general customer service requests. Reviews closed loan packages to ensure no changes to loan documents were made at closing without approval per loan policy. Requests Change Memos reflecting adjustments made to the loan request Post Approval. Verifies recordation and collateral perfection if applicable. Monitors and assist in clearing exception items. Monitors monthly reports for RM Team. Assists in processing and responding to daily overdrafts per RM instructions and bank policies as needed. Assembles and coordinates required financial information from Client to Credit Department for analysis as needed. Provides back-up support for other Loan Coordinators during vacations and other high-volume periods. Performs other duties as assigned.