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).
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.
High school diploma or equivalent is required.
Associate’s degree preferred.
3+ years of experience in closing and funding Commercial and Commercial Real Estate loans is required.
Knowledge of lending, Federal Banking Regulations and loan documentation.
2+ years of closing and funding SBA 7a and Express loans
Ability to provide courteous, knowledgeable and professional customer service both in person and on the telephone.
Ability to assume responsibility, display initiative, exercise good judgement.
Ability to perform a wide range of administrative duties.
Knowledge of lending and general banking policies /procedures.
Strong/advanced skills operating a personal computer including Microsoft Word, Microsoft Excel, Microsoft Outlook, Loan Core System and navigating the internet.
Excellent written and verbal communication skills required.
Ability to effectively work with SBA’s Etran system, and loan wizard
Ability to take initiative and work independently
Evidence of a strong work ethic, detail orientation, and organizational skills
Ability to read, write and speak English
Occasional travel may be required.
About TBK Bank
TBK is our stock ticker symbol, but TBK stands for much more. We stand for excellence. What started from humble beginnings has grown into a bank with small-town values and the resources to make a difference. We are a bank that stands for you.
TBK stands for rolling up our sleeves on behalf of our customers, because that’s what they deserve.
TBK stands for lending a helping hand to individuals, small business owners, and entrepreneurs, because we’ve been there.
TBK stands for investing in our communities, because that’s what neighbors do.
With team members ready to answer everyday questions, to the latest technology that makes banking more convenient, TBK Bank stands for helping the people and businesses in our communities succeed.