Banking & Commercial Loan Processing Manager jobs in Missouri
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
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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
Commercial Banking - Relationship Manager I
- NBH Bank
-
Kansas, MO
FULL_TIME
- At our Bank, we believe common sense is more than just banking. We believe in finding financial solutions that cater specifically to our client’s needs.We are looking for talented associates who under...
- 20 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...
- 4 Days Ago
Manager Trainee - Lees Summit
- Tower Loan
-
Summit, 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 - Lees Summit
- Tower Loan
-
Summit, 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
Banking & Commercial Loan Processing Manager jobs at Popular Companies
Processing Manager
- Rehrig Pacific Company
-
Buckeye, AZ
- ***Hiring for Spring 2024 - May hire sooner to conduct training in our Los Angeles facility.***Here at Rehrig Pacific, w...
- 4/24/2024 12:00:00 AM
Processing Manager
- Diageo Espana Sa
-
Plainfield, IL
- Plainfield, Illinois, United States of America Our performance ambition is to be one of the best performing, most truste...
- 4/24/2024 12:00:00 AM
Processing Manager
- Diageo
-
Plainfield, IL
- Job Description : Title: Processing Manager Our performance ambition is to be one of the best performing, most trusted a...
- 4/24/2024 12:00:00 AM
Processing Manager
- Unavailable
-
Saint Louis, MO
- PENNYMAC Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integra...
- 4/23/2024 12:00:00 AM
Sterile Processing Manager
- Ascension
-
Racine, WI
- Details Department: Sterile Processing Schedule: Varied Shifts Hospital: All Saints Location: Racine, WI Benefits Paid t...
- 4/21/2024 12:00:00 AM
Manager, Business Process Management - (REMOTE)
- American Homes 4 Rent
-
Las Vegas, NV
- Since 2012, we've grown to become one of the leading single-family rental companies and homebuilders in the country, rec...
- 4/21/2024 12:00:00 AM
Processing Manager
- Chobani
-
New Berlin, NY
- Summary We are seeking a dynamic and experienced Manufacturing leader to oversee and manage our dairy processing facilit...
- 4/21/2024 12:00:00 AM
Management Trainee - Processing
- Mountaire
-
Lumber Bridge, NC
- Primary Purpose To gain experience and knowledge in all aspects of vertical integration with special emphasis on Operati...
- 3/11/2024 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 Manager jobs
$68,979 to $94,369
Most Popular Cities in Missouri for Banking & Commercial Loan Processing Manager Jobs
What does a Banking & Commercial Loan Processing Manager do?
Banking & Commercial Loan Processing Manager in Oakland, CA
Commercial loan processors get into the nuts and bolts of a loan.
February 20, 2020
Banking & Commercial Loan Processing Manager in Dothan, AL
Familiarity with accounting software, word processing, and smart-phone apps are a must.
December 28, 2019
Banking & Commercial Loan Processing Manager in Memphis, TN
All lending institutions are required to follow federal lending laws, which include the completion of certain paperwork and the acquisition of the applicable documentation to support the loan.
December 29, 2019