Banking & Commercial Loan Processing Clerk, Sr. jobs in Missouri
Banking & Commercial Loan Processing Clerk, Sr. performs administrative tasks for commercial loan processing. Coordinates with lenders, customers, and external vendors to collect and prepare all required documentation for closings. Being a Banking & Commercial Loan Processing Clerk, Sr. ensures that loan packages are complete, and documentation correctly prepared within required timelines. Inputs and maintains all required transaction and processing records according to procedures. Additionally, Banking & Commercial Loan Processing Clerk, Sr. responds to inquiries. Prepares required regulatory reporting. May require an associate degree. Typically reports to a supervisor. The Banking & Commercial Loan Processing Clerk, Sr. works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Banking & Commercial Loan Processing Clerk, Sr. typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
Recently Added Banking & Commercial Loan Processing Clerk, Sr. jobs
Commercial Loan Processing Specialist I
- Lutheran Church Extension Fund
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St. Louis, MO
FULL_TIME
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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...
- 18 Days Ago
Testing Clerk
- U.S. Military Entrance Processing Command
-
St. Louis, MO
FULL_TIME
- Duties Conduct military enlistment aptitude and qualification exams. Distribute and proctor examinations. Perform quality control of examination and applicable applicant information. Score enlistment ...
- 7 Days Ago
Loan Generalist II - Onsite
- Cass Commercial Bank
-
Saint Louis, MO
FULL_TIME
- The Loan Generalist II performs a wide variety of tasks related to the commercial loan services function. These include payment processing, loan documentation preparation for new and renewing demand a...
- 1 Month Ago
Commercial Banking Officer
- Guaranty Bank
-
Joplin, MO
FULL_TIME
- Guaranty Bank is looking for a Commercial Banking Officer to join our team! Under general supervision, but in accordance with established policies and procedures, originates commercial banking relatio...
- 20 Days Ago
Commercial Banking Officer
- Guaranty Bank
-
Springfield, MO
FULL_TIME
- Guaranty Bank is looking for a Commercial Banking Officer to join our team! Under general supervision, but in accordance with established policies and procedures, originates commercial banking relatio...
- 20 Days Ago
Banking & Commercial Loan Processing Clerk, Sr. jobs at Popular Companies
Counsel/Partner Level Business Litigation Attorney
- The Glennon Law Firm, P.C.
-
New York, NY
- Seeking Experienced Business Litigator - Counsel or Partner Level. We are seeking a lateral partner, counsel, or senior ...
- 4/23/2024 12:00:00 AM
Fleet Manager
- Universal Logistics Holdings, Inc.
-
Harvey, IL
- Position Summary: A Fleet Manager is responsible for a geographic territory and will provide support for multiple Indepe...
- 4/23/2024 12:00:00 AM
Fleet Manager
- UACL Logistics, LLC
-
Warren, MI
- Position Summary: A Fleet Manager is responsible for a geographic territory and will provide support for multiple Indepe...
- 4/23/2024 12:00:00 AM
HVAC Field Operations Manager
- Swift Air Mechanical, LLC
-
Indianapolis, IN
- HVAC Field Operations Manager Swift Air Mechanical specializes in Commercial and Residential HVAC Services and is locate...
- 4/23/2024 12:00:00 AM
Recruiter
- Temco Logistics
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- Temco is the fastest-growing premier glove solutions provider in the country and is seeking experienced, motivated profe...
- 4/23/2024 12:00:00 AM
Warehouse Clerk - CMV
- Apria, Inc.
-
Burbank, CA
- **Warehouse Clerk - CMV** CAROUSEL_PARAGRAPH * Burbank, California * Full-time * Full-time * Onsite * Commensurate with ...
- 4/23/2024 12:00:00 AM
Shipping & Receiving Associate
- The Shyft Group
-
Carson, CA
- Shipping & Receiving Associate | Royal Truck Body | Carson, CA Regular Employee | Hourly Non-Exempt | $18.00 - 19.00 Who...
- 4/23/2024 12:00:00 AM
Patient Registration Clerk
- Taylorville Memorial Hospital
-
Jacksonville, IL
- Overview Assists in providing access to services provided at the hospital and/or other service area. Processes registrat...
- 4/23/2024 12:00:00 AM
About Missouri
Missouri is landlocked and borders eight different states as does its neighbor, Tennessee. No state in the U.S. touches more than eight. Missouri is bounded by Iowa on the north; by Illinois, Kentucky, and Tennessee across the Mississippi River on the east; on the south by Arkansas; and by Oklahoma, Kansas, and Nebraska (the last across the Missouri River) on the west. Whereas the northern and southern boundaries are straight lines, the Missouri Bootheel protrudes southerly into Arkansas. The two largest rivers are the Mississippi (which defines the eastern boundary of the state) and the Misso...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Banking & Commercial Loan Processing Clerk, Sr. jobs
$44,535 to $60,352
Most Popular Cities in Missouri for Banking & Commercial Loan Processing Clerk, Sr. Jobs
What does a Banking & Commercial Loan Processing Clerk, Sr. do?
Banking & Commercial Loan Processing Clerk, Sr. in Elyria, OH
The increase of businesses consequently means that more banking and commercial loan processing clerks will be needed.
January 03, 2020
Banking & Commercial Loan Processing Clerk, Sr. in Lafayette, LA
On average, a Master's Degree is the highest level of education for a Banking & Commercial Loan Processing Clerk.
January 29, 2020
Banking & Commercial Loan Processing Clerk, Sr. in Norfolk, VA
The Banking and Commercial Loan Processing Clerk will report to the supervisor on a regular basis, regarding commercial banking and business loan processing groups.
December 18, 2019