Commercial Lending Administrator
Summary
Provides administrative support for commercial and business loans at a credit union, tracking insurance, property taxes, UCC filings, and loan payment transitions. Handles collateral releases, monitors participation loans, and assists borrowers with loan maintenance and compliance requirements.
Pre-employment background checks, including criminal records, credit reports, and drug tests, will be required. Job offers are contingent on successfully completing all pre-employment background screenings. Applicants must complete all required sections of the application. Incomplete submissions will not be reviewed or considered.
Summary:
Under the direction of the Commercial Lending Administration Manager this position provides administrative and credit support for business, commercial, and commercial real estate loans. Responsibilities include tracking expired insurance, delinquent property taxes, UCCs, and loans transitioning from interest-only to principal-and-interest payments, as well as releasing collateral on paid-off loans. Will also assist with participation loans and making payments. This role also helps monitor loan history and addresses maintenance issues on loans. The CLA will also help borrowers as needed and ensure they have everything they need and assist in making sure they are following the rules of the loan.
Essential Duties and Responsibilities:
- Responsible for selling and cross-selling Credit Union services to current and potential members. Credit Union services are to be promoted using the "member benefit-based approach".
- Fully complies with the requirements of all Credit Union policies, including but not limited to the Bank Secrecy Act, the Patriot Act and OFAC Policies.
- Track expired Insurance and reach out to insurance agent or borrower to get updated insurance.
- Track unpaid property taxes
- Review loans for past due status
- Track loans that are transitioning from interest-only to P&I
- Monitors and processes rate option changes during the life of the loan
- Track all UCC filings and releases
- Releasing collateral on paid off loans
- Preparation of partial releases
- Monitoring participation loans and making monthly payments.
- Help to address any maintenance issues on all business and commercial loans
- Will help with the performance of all business systems and implantation of systems
- Will help with departmental invoices and processing
May perform various other administration duties as requested
Supervisory Responsibilities
There are no supervisory responsibilities with this position