Banking & Commercial Loan Processing Manager jobs in Saint Peters, 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

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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
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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...
  • 14 Days Ago
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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...
  • 2 Days Ago
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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...
  • 6 Days Ago
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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...
  • 19 Days Ago
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Manager Trainee - Rolla
  • Tower Loan
  • Rolla, 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...
  • 30 Days Ago
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0 Banking & Commercial Loan Processing Manager jobs found in Saint Peters, MO area

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ASSISTANT GENERAL MANAGER
  • Bandana's BBQ
  • Saint Charles, MO
  • Job Details Job Location MO 22 Mid Rivers Express - St Peters, MO Description Do you have experience as a Full-Service R...
  • 4/19/2024 12:00:00 AM
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Merchandise Operations Leader
  • Petco
  • Saint Charles, MO
  • **Merchandise Operations Leader** Category: Stores Location: 6137 Mid Rivers Mall Drive, Saint Charles , MO 63304 Schedu...
  • 4/18/2024 12:00:00 AM
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Technical Program Manager
  • Pri Global
  • O Fallon, MO
  • As per the client guide we have to submit local candidates. The requirement as follows Job title: Technical Program Mana...
  • 4/18/2024 12:00:00 AM
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Project Manager
  • Lombardo Homes
  • O'Fallon, MO
  • Job Description Job Description WHY LOMBARDO? Choosing a place to work is a big deal. You spend 40 hours each week at wo...
  • 4/17/2024 12:00:00 AM
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Assistant Manager
  • careermount.com
  • Saint Charles, MO
  • Store 4701629: 3401 Truman Blvd, Saint Charles, Missouri 63301 **Assistant Manager** We want you to join our team as an ...
  • 4/17/2024 12:00:00 AM
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Dock Supervisor Evenings
  • Old Dominion Freight Line Inc.
  • Saint Charles, MO
  • Dock Supervisor Evenings page is loaded **Dock Supervisor Evenings** **Dock Supervisor Evenings** locationsSaint Charles...
  • 4/17/2024 12:00:00 AM
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Sr Manager, Business Process & Controls
  • SPECTRUM
  • Saint Louis, MO
  • Sr. Mgr., Business Process and Controls With internal controls ever evolving, as the Senior Manager of Business Processe...
  • 4/15/2024 12:00:00 AM
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Director of Engagement Operations, Medical Advancement
  • Washington University in St. Louis
  • Saint Louis, MO
  • Position Summary As an integral member of the Medical Advancement Strategic Engagement team, the Director of Engagement ...
  • 4/15/2024 12:00:00 AM
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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 Manager jobs
$70,282 to $96,152
Saint Peters, Missouri area prices
were up 0.7% from a year ago
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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