Commercial Banking Specialist
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Job Description
DUTIES:
Maintain and distribute all loan approvals.
Complete the necessary Patriot Act Search, request flood and property reports, UCC searches, Credit Reports, DNBireports, Value Line reports and all other requested reports from the appropriate provider/vendor. Must review items
provided to ensure correct searches/reports are ordered. Follow up to make sure reports are received.
Prepare Commercial Loan documents utilizing the Bank's contracted Documentation Preparation software, Microsoft
Office products, Adobe Acrobat or other programs as needed. Requires an understanding of Commercial Lending/Loan
structure and how that translates to documentation preparation. Must have the ability to analyze the information
provided and properly document the loans in accordance with the approval, Credit Policy, and State and Federal laws
and regulations.
Calculate payments and determine interest rate change details.
Prepare commercial banking's Notice of Adverse Action letters and image all Denied and Withdrawn commercial loans.
Fund new loans and process advances on existing loans, monitor customer's borrowing base certification and ensure that
all required documentation/approvals are received prior to advance being completed.
Process fees for loans including, but not limited to, commitment fees, documentation fees, and report fees. Log all
required financial and documentation information received.
As requested, work with branch personnel to open deposit accounts on specified commercial related accounts. Respond
to internal/external customers as assigned.
Assist with software upgrade testing and assist with research and communication talks with software vendors to resolve
issues with system functionality.
Complete commercial banking's HMDA reporting by reviewing loan approvals/rejections to determine which loans are
HMDA reportable and then complete the LAR, all within the guidelines of Federal Law.
Prepare, submit and track invoices for service providers (legal, appraisal, environmental, credit reporting, etc.)
Reconcile general ledger accounts including, but not limited to, Loans in Process, deferred Remittance, etc.
Prepare, organize and compile all Board packages as well as copy, scan and distribute credit/discount loan packages.
Work with Loan Administration to research and resolve servicing errors.
Perform all other related duties as assigned pertaining to the job function.