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Commercial Loan Administration Specialist

WorkwayPhoenix, AZ

$60,000 - $75,000 / year

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Overview

Compensation
$60,000-$75,000/year

Job Description

We are a professional staffing firm, working with organizations across the country to place exceptional candidates. Currently, we are looking for a Commercial Loan Administration Specialist for our credit union client, responsible for performing a variety of commercial loan and deposit duties within their Business Financial Services Department. Ranked Top 10 Best Places to Work in financial services in AZ for 2025 by AZBIGMEDIA. The Commercial Loan Administration Specialist is responsible for below specific duties. Your specific duties will include: Loans Collaborate directly with commercial lending staff throughout the loan origination, approval, and closing processes. Order and track required documentation for loan approvals, including appraisals, title policies, and environmental reports. Perform necessary account file maintenance and process transfers, payments, and loan payoffs for businesses transactions, including participations purchase and sold loans on the core system. Perform account file maintenance and process business-related transactions such as transfers, payments, and loan payoffs, including participation loans (purchased and sold) within the core system. Creates, maintains, organizes, and updates collateral, credit, and appraisal files. Support commercial lending staff on maintaining lending pipeline. Assist with initial loan inquiries and gather required documentation from applicants. Manage delinquency reports and contact member when appropriate. Obtain and verify all loan-related documents, including title documents and loan payoffs. Accurately compile, input, and validate all monetary data necessary to execute and document loans. Review loan authorization requests and all attachments to determine documents required to produce the loan according to CU underwriting guidelines, policies, and regulations. Deposits Maintain a working knowledge of business deposit account functions, systems, and documentation. Works directly with applicant to collect documentation to open membership, deposit accounts and update core system as applicable. Develop and refine procedures, checklists, and process flows to enhance operational efficiency. Responsible for managing mail, emails, applicant deposit inquires and online requests. Review approved loan requests/documents and board loan on core system. Develop and maintain procedures, checklists, and tracking systems to manage loan covenants and compliance requirements. Monitor and follow up on loan covenants to ensure ongoing member compliance with loan terms. Recommend products and services to business members and individual members, assist commercial lending officers with basic front-end sales efforts. Research and resolve loan-related inquiries from members and internal departments. Maintain up-to-date knowledge of business and commercial lending policies, procedures, and operational tasks. Responsible for managing applicant loan inquiries and online requests. Responsible for vendor payments and invoice processing related to loan services. Required qualifications for the position include: 5 Years Business lending experience A high school diploma or equivalent. Pay Rate Range: $60,000-$75,000 annually Compensation may vary outside of this range depending on a number of factors, including a candidate’s qualifications, skills, competencies and experience, and location. Employees have access to healthcare benefits including medical, dental, and vision as well as a 401(k) plan. Let one of our recruiters assist you in finding and preparing for interviews with our clients. Whether you are interested in a direct hire, temp-to-hire, or temporary position, Workway can help you to put your best foot forward. Contact us today! Workway, Inc. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances. For our complete EEO & Pay Transparency statement, please visit http://www.workway.com/EEO. To receive state and federal compliance posters, e-mail hr@workway.com or call 972.514.1515. #NowHiring #CareerOpportunity #BankingJobs #BankingIndustry #CommercialLending #ArizonaJobs

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FAQs About Commercial Loan Administration Specialist Jobs at Workway

What is the work location for this position at Workway?
This job at Workway is located in Phoenix, AZ, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Workway?
Candidates can expect a pay range of $60,000 and $75,000 per year.
What employment applies to this position at Workway?
The employer has not provided this information. This may be discussed during the hiring process.
What is the process to apply for this position at Workway?
You can apply for this role at Workway either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.