Banking & Commercial Loan Processing Manager jobs in Columbia, MO
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)
Recently Added Banking & Commercial Loan Processing Manager jobs
Commercial Loan Processing Specialist I
- Lutheran Church Extension Fund
-
St. Louis, MO
FULL_TIME
-
Organization Profile
The primary mission of the LCEF is to provide financial resources, support and related services for ministry, witness and outreach of The Lutheran Church—Missouri Synod. In so doing it shall raise funds primarily through the issuance of corporate notes and other debit instruments. Its assets shall be used exclusively for the following: provide financing and services for the acquisition of sites; the construction of facilities; the purchase of buildings and equipment; operating expenses; rostered church worker education; the residential housing needs of rostered church workers; and other purposes approved by its governing board consistent with the ministry and mission of the Synod under policies approved by the Board of Directors of the Synod.
Reporting Relationships
Loan Processing Specialist I reports to Loan Processing Manager.
Summary
The Loan Processing department is responsible for communicating approved loan terms, obtaining and reviewing all loan conditions necessary for finalizing and producing proper legal documentation for all loan types (permanent loans, construction loans, refinance existing loans, etc.) and providing escrow services.
Essential Job Functions- In accordance with the loan approval (underwriting) and loan policies, prepare all Approval letters and notify the ministry’s contact to explain the loan terms, details of the process and any unique requirements in the borrower’s state.
- In accordance with state statues and loan policies, prepare all title and borrower closing letter/instructions and closing packages for all loan types: secured, unsecured, limited secured and note modifications, including converting construction loans to permanent loans.
- Prepare all legal files for post close of all loan and escrow files.
- Prepare all Partial and Full Satisfactions/Releases and Demand Letters.
- Review corporate documents and prepare borrowing resolutions.
- Place orders with all applicable third parties (title, appraisal, flood cert., insurance, etc.) and assist borrower with meeting all loan conditions.
- Responsible for preparing, filing, monitoring, amending, and terminating all Uniform Commercial Code (UCC) forms with the applicable county and state.
- Analyze title commitments to satisfy requirements, address exceptions, ensuring lien position and coverage is in accordance to the loan policy/requirements and procedures.
- Obtain and audit application for payment and invoices, sworn statements, lien releases, W-9 forms for all construction and insurance disbursements.
- Review, analyze and balance project budget statements and contracts on all construction projects ensuring there are sufficient dollars to complete the project.
- Authorize/deny payment for loan disbursements for all loan types disbursed in increments (excluding Lines of Credit).
- Process 1099 forms and IRS reports at year-end.
- Monitor/track and document Letters of Credit.
- Responsible for monthly Metrics and Escrow reporting to management and Senior Leadership.
- Responsible for the integrity, testing and maintaining three (3) core loan systems (loan origination, loan documentation and escrow/disbursing).
- Monitor open loan deals to ensure files are being processed in a timely manner.
- Assist the Loan Specialist Lead(s), Loan Specialist(s), Manager Loan Processing and the Vice President, Loan Administration in any and all other assignments from time to time as required.
- Comply with revisions made from time to time, after mutual consultation, in this position description.
Education and Experience- Bachelor’s degree in business, finance, or related field.
- Minimum 3 years of experience and progressive responsibility in commercial loans or real estate.
- Prior experience working for a bank, credit union or title company, preferred.
Competencies (Knowledge, Skills and Abilities)- Knowledge of commercial loan procedures and of loan financing, including loan documentation, coupled with an understanding of construction disbursement procedures.
- Ability to establish and maintain effective interpersonal relationships with both internal and external customers. Provide excellent customer service by exceeding customer’s expectations.
- Ability to demonstrate empathy, tact, and respect through effective verbal and written communication.
- Partner with others to engage in problem-solving. Ability to clearly articulate issues and concerns, and recommend solutions.
- Learns new skills/information/processes easily and applies new knowledge quickly. Ability to understand lien laws and state statutes relating to lien priority of each state. Ability to understand and become knowledgeable in state statues as it relates to mechanic and materialmen lien laws and documentation.
- Eager to learn all aspects/functions of the loan processing department, regardless of the current responsibilities.
- Seeks self-development opportunities. Cooperates and participates fully in the coaching process, and actively seeks continuous learning to improve personal and team performance.
- Ability to prioritize and multi-task, strong organizational skills, detail oriented, and ability to maintain a high degree of accuracy. Ability to work well under pressure and with minimal supervision.
- Fosters a collaborative spirit, has a positive attitude and is team player. Participates fully on assigned and cross-functional teams.
- Practices high level of confidentiality. Maintains appropriate balance between compassion, encouragement, and accommodation.
- Strong computer skills, including Microsoft Office. Ability to learn proprietary and non-proprietary software applications.
- Ability to work a flexible schedule. Available to occasionally work unusual or long hours, including holidays and Sundays, to support department operations.
Supervisory Responsibility
None. - 1 Month Ago
Commercial Loan Processing Specialist I - Construction Disbursing
- Lutheran Church Extension Fund
-
St. Louis, MO
FULL_TIME
- Organization Profile The primary mission of Lutheran Church Extension Fund (LCEF) is to provide financial resources and related services for ministry, witness, and outreach of The Lutheran Church – Mi...
- 19 Days Ago
Manager Trainee - Farmington
- Tower Loan
-
Farmington, MO
FULL_TIME
- Manager Development Program At Tower Loan, we believe in developing leaders. In 10-12 months, our full-time Manager Development Program will give you the knowledge, skills, and abilities to effectivel...
- 5 Days Ago
Manager Trainee - Fairview Heights
- Tower Loan
-
Fairview, IL
FULL_TIME
- Manager Development Program At Tower Loan, we believe in developing leaders. In 10-12 months, our full-time Manager Development Program will give you the knowledge, skills, and abilities to effectivel...
- 7 Days Ago
Manager Trainee - Poplar Bluff
- Tower Loan
-
Poplar Bluff, MO
FULL_TIME
- Manager Development Program At Tower Loan, we believe in developing leaders. In 10-12 months, our full-time Manager Development Program will give you the knowledge, skills, and abilities to effectivel...
- 11 Days Ago
Manager Trainee - Columbia MO
- Tower Loan
-
Columbia, MO
FULL_TIME
- Manager Development Program At Tower Loan, we believe in developing leaders. In 10-12 months, our full-time Manager Development Program will give you the knowledge, skills, and abilities to effectivel...
- 24 Days Ago
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0 Banking & Commercial Loan Processing Manager jobs found in Columbia, MO area
Senior Director, Financial Planning
- EDWARD JONES
-
Columbia, MO
- Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500 company where people c...
- 4/25/2024 12:00:00 AM
Controller Services Senior
- Williams-Keepers LLC
-
Columbia, MO
- Job Description Job Description Salary: The Controller Services Senior is responsible to prepare client financial statem...
- 4/25/2024 12:00:00 AM
Manager Trainee - Operations (Travel Program; Relocation Required)
- Biolife Plasma Services
-
Columbia, MO
- By clicking the Apply button, I understand that my employment application process with Takeda will commence and that the...
- 4/24/2024 12:00:00 AM
Grocery Department Leader
- Gerbes Food Stores
-
Columbia, MO
- Job Description Job Description Essential Job Functions: • Organize work; fill department staffing needs as authorized b...
- 4/24/2024 12:00:00 AM
Manager cyber risk machine learning
- Capital One
-
California, MO
- Center 3 (19075), United States of America, McLean, VirginiaManager, Cyber Risk & Analysis (Machine Learning)The Enterpr...
- 4/22/2024 12:00:00 AM
HOURLY MANAGER
- Bandana's BBQ
-
Columbia, MO
- Job Details Job Location MO 09 Columbia - Columbia, MO Description Do you have experience as a Full-Service Restaurant M...
- 4/22/2024 12:00:00 AM
Team Leader, Bioassay
- Eurofins Scientific Gmbh
-
Columbia, MO
- **Team Leader, Bioassay*** Columbia, MO, USA* Full-time**Company Description****Eurofins Scientific is an international ...
- 4/22/2024 12:00:00 AM
Assistant Community Bank Manager
- First State Community Bank
-
Columbia, MO
- Job Details Job Location Columbia, Bethel - Columbia, MO Position Type Full Time Education Level High School Job Shift D...
- 4/21/2024 12:00:00 AM
About Columbia, Missouri
Columbia /kəˈlʌmbiə/ is a city in the U.S. state of Missouri. It is the county seat of Boone County and home to the University of Missouri. Founded in 1821, it is the principal city of the five-county Columbia metropolitan area. It is Missouri's fourth most-populous and fastest growing city, with an estimated 121,717 residents in 2017.
As a Midwestern college town, Columbia has a reputation for progressive politics, persuasive journalism, and public art. The tripartite establishment of Stephens College (1833), the University of Missouri (1839), and Columbia College (1851), which surround the c...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Banking & Commercial Loan Processing Manager jobs
$70,209 to $96,053
Columbia, Missouri area prices
were up 0.7% from a year ago
were up 0.7% from a year ago
What does a Banking & Commercial Loan Processing Manager do?
Banking & Commercial Loan Processing Manager in New Orleans, LA
The minimum educational requirements for banking and commercial loan processing managers are a bachelor’s degree in business, finance, economics, or a related field.
December 19, 2019
Banking & Commercial Loan Processing Manager in Vincennes, IN
Commercial loan processors work with the business or commercial banker to make sure that the customer has provided all necessary information and signatures meets the bank’s standards and requirements for the loan.
February 17, 2020
Banking & Commercial Loan Processing Manager in San Diego, CA
While the business or commercial bankers get the ball rolling, it is the commercial loan processors that ensure all of a loan’s ducks are in a row.
February 12, 2020