Banking & Commercial Loan Processing Clerk, Sr. jobs in Saint Peters, MO
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
-
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...
- 18 Days Ago
Loan Generalist
- Cass Commercial Bank
-
St. Louis, MO
FULL_TIME
- Overview:We are seeking a detail-oriented Loan Generalist to join our team. As a Loan Generalist, you will be responsible for assisting with various loan processing tasks and providing support to the ...
- 20 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
Loan Processing Agent
- LAC Courte Oreilles Band of Lake Superior Chippewa
-
St. Louis, MO
OTHER
- Description: We are looking for a reliable Loan Processor to perform approvals of consumer loans. You will undertake an intermediary role between potential clients and our financial institution. The g...
- 29 Days Ago
Loan Clerk
- 1ST MIDAMERICA CREDIT
-
East Alton, IL
FULL_TIME
- Role: To administratively assist the Consumer Loan Department with member loan documents and processes. Essential Functions & Responsibilities: Reviews all loan documents generated by branch staff for...
- Just Posted
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0 Banking & Commercial Loan Processing Clerk, Sr. jobs found in Saint Peters, MO area
Supv Internal Revenue Agent (Special Enforcement Grp Mgr) MSP TEMP NTE 1 YR MBE, MBMP 12 Mo. ROSTER
- Department Of The Treasury
-
Chesterfield, MO
- Duties WHAT IS THE SBSE - Small Business Self Employed DIVISION? A description of the business units can be found at: ht...
- 4/23/2024 12:00:00 AM
Paid Cannabis Compliance Intern
- BeLeaf Medical
-
Saint Charles, MO
- Job Description Job Description Job Purpose: This role requires significant attention to detail, verification of data, M...
- 4/23/2024 12:00:00 AM
Public Service Representative - Spanish Speaking
- Illinois Secretary of State
-
Granite City, IL
- Office of the Illinois Secretary of State Alexi Giannoulias Job Title: Public Service Representative - Spanish Speaking ...
- 4/22/2024 12:00:00 AM
Internal Revenue Agent (Examiner) - DIRECT HIRE (12 Month Register) AMENDED
- Department Of The Treasury
-
Chesterfield, MO
- Duties WHAT ARE THE APPEALS (AP), LARGE BUSINESS AND INTERNATIONAL (LB&I), SMALL BUSINESS SELF-EMPLOYED (SB/SE) AND TAX ...
- 4/22/2024 12:00:00 AM
Internal Revenue Agent (Examiner-Joint Committee Specialist) 12 MONTH ROSTER 'AMENDED'
- Department Of The Treasury
-
Chesterfield, MO
- Duties WHAT IS THE LARGE BUSINESS & INTERNATIONAL (LB&I)DIVISION? A description of the business units can be found at: h...
- 4/22/2024 12:00:00 AM
Internal Revenue Agent (Examiner) - Direct Hire - Incentive eligible-AMENDED
- Department Of The Treasury
-
Chesterfield, MO
- Duties WHAT ARE THE APPEALS (AP), LARGE BUSINESS AND INTERNATIONAL (LB&I), SMALL BUSINESS SELF-EMPLOYED (SB/SE) AND TAX ...
- 4/22/2024 12:00:00 AM
Internal Revenue Agent (Senior Revenue Agent (Examiner) -12 MONTH ROSTER
- Department Of The Treasury
-
Chesterfield, MO
- Duties WHAT IS THE SBSE - SMALL BUSINESS SELF EMPLOYED DIVISION? A description of the business units can be found at: ht...
- 4/22/2024 12:00:00 AM
DE Receiving Clerk
- Jost Chemical Co Inc
-
Saint Louis, MO
- Job Description Job Description Are you ready to embark on a career where innovation meets excellence? At Jost Chemical ...
- 4/20/2024 12:00:00 AM
About Saint Peters, Missouri
St. Peters is a city in St. Charles County, Missouri, United States. The 2010 census showed the city's population to be 52,575, tied for 10th place in Missouri with Blue Springs.
Interstate 70 passes through the city, providing a major transportation link. In 2008, St. Peters was named the 60th best place to live by Money magazine, putting it at the top in the state of Missouri. It also ranked in Money magazine's Top 100 in 2010 and 2012.The "Rec-Plex" in St. Peters is an award-winning recreation and fitness complex that underwent an $18.5 million expansion in 2007. The city also hosts the cou...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Banking & Commercial Loan Processing Clerk, Sr. jobs
$45,376 to $61,492
Saint Peters, 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 Clerk, Sr. do?
Banking & Commercial Loan Processing Clerk, Sr. in Trenton, NJ
This individual is responsible for properly maintaining and managing all processing records.
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Banking & Commercial Loan Processing Clerk, Sr. in San Jose, CA
Administrative tasks such as the preparation of credit reports are the sole duty of the Banking and Commercial Loan Processing Clerk.
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Banking & Commercial Loan Processing Clerk, Sr. in Altus, OK
A Banking and Commercial Loan Processing Clerk is responsible for performing administrative duties and tasks, including commercial banking and the processing of business loans.
January 06, 2020