Position Summary:

The Commercial Lending Assistant is responsible for providing support to Lenders assigned market with an emphasis in SBA Loan Closing and Funding. Support includes working with the Lender to close and fund Commercial loans and SBA loans (including real estate) in compliance with regulatory and Bank policies, procedures and SBA Standard Operating Procedures (SOP).

Position Description:

Essential duties and responsibilities include the following. .

• Coordinate loan closings with Lender, attorneys and borrowers as needed.
• Create loans files and request/review due diligence and other documentation related closing and funding loans (appraisals, environmental reports, preliminary title reports, customer identification, UCC Searches, insurance, flood certificates and other items).
• Validate loan files comply with SBA SOP
• Prepare closing documents in compliance with SBA SOP
• Obtain and review all requirement for compliance with SBA SOP
• Advance draw loans and lines of credit in compliance with SBA SOP
• Provide applicable disclosures and/or prepare denial letters in accordance with regulatory requirements.
• Validate loan documentation complies with loan approval, banking regulations and Bank policies and procedures.
• Review loan documentation for accuracy and completeness, and ensure all documents are properly executed by Lender and borrower.
• Disburse funds for loan closing in accordance with Bank policy. Ensure transactions are cleared from the disbursement and general ledger accounts in a timely manner.
• Ensure all loan related documentation is scanned and indexed properly.
• Set-up ticklers to track and monitor collateral and covenants.
• Perfect lien(s) per approval for all recordable documents (UCCs, mortgages, deeds, etc.)
• Submit commercial loan booking package to Loan Operations.
• Monitor loan pipeline and New and Renewed Report to ensure loans are closed, funded and booked in a timely manner.
• Review Tickler, Past Due, and other reports to track and monitor loan and collateral. Work with Lender clearing outstanding items and to resolve issues.
• Work with Loan Operations Department to reconcile payment and billing issues.
• Process and monitor advances and pay downs as requested by customers.
• Provide customer service including: processing payments, change of addresses, research, and routine inquiries.
• Promote and implement the Bank’s service philosophies.
• Each team member is excepted to be aware of risk within their functional area. Understand all relevant Bank lending, policies, procedures, regulations, risk limites specific to their role and perform duties in such a way as to rmaintain compliance with stated standards.