Banking & Commercial Loan Processing Manager assists in the management of the loan processing operations team that originates, processes, and closes various types of loans. Implements processes and procedures to maintain accuracy and completeness of required documentation. Being a Banking & Commercial Loan Processing Manager monitors achievement of operating performance metrics and standards for speed, quality, and customer service. Develops solutions to resolve operational issues. Additionally, Banking & Commercial Loan Processing Manager oversees the preparation of reporting for internal departments and external agencies. Coordinates audit requests and processes. Develops training and communication mechanisms that inform the team of regulatory requirements and updates. May require a bachelor's degree. Typically reports to a manager. The Banking & Commercial Loan Processing Manager supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. To be a Banking & Commercial Loan Processing Manager typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. (Copyright 2024 Salary.com)
Description
Function: Works with the CL Portfolio Management team to provide administrative and technical support to the Commercial Lending team. Assists the lender(s) with all aspects of the loan transaction from the initial request or referral through closing and post-closing activities and reporting. Coordinates data for commercial loan reports and commercial loan audits. Participates in commercial lending and other bank-wide projects.
Essential job functions / responsibilities:
Works with lenders to assist in meeting the lending needs of our customers. Existing customers with a new request or a new customer
- Underwrites and coordinates activity in accordance with bank policy
- Ensures files are properly documented; reach out to customers with document requests and track missing documents
- May make lending decisions or may present data to the loan officer for decisioning
- Monitors document preparation and closes loans
- Ensures that loan files comply with federal regulations and bank policies
- Provides ongoing oversight to existing loans to ensure timely payment
· Have a thorough understanding of the LoanVantage system and be able to manages all aspects of the loan process within the system
· As needed, answer customer inquiries as to loan status, and other account related questions
· Cross sell bank products and services making the appropriate internal referrals
· Acts as customer point contact as needed
· Assist loan officers with line of credit renewals, CITs, annual financial document requests and other customer outreach
- Complete Site Visits
· Handles Loan Assistant tasks as needed
· Monitor and arrange for approval of overdrafts for CLOs
· Prepares and reviews quarterly Problem Loan Reporting
· Prepares data for the annual internal loan review process
· Assists with annual OCC loan review process
· May have a loan portfolio
· May participate in team and/or bank-wide projects
· Other duties as requested
Requirements
· College degree or equivalent experience
· Excellent PC and Microsoft product skills
· Minimum of 12 months of lending experience, preferably in commercial lending
· Excellent verbal and written communication skills
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0 Banking & Commercial Loan Processing Manager jobs found in Bangor, ME area