Commercial Loan Clerk processes loan payments and applies funds to customer accounts. Calculates and processes payoffs, and releases titles and insurance interest. Being a Commercial Loan Clerk calculates and prepares refunds for customers that submit overpayments. Responds to customer inquiries and requests for net payoff quotes. Additionally, Commercial Loan Clerk may require an associate degree or equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Commercial Loan Clerk typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
First State Bank – Job Description
Job Title: Commercial Loan Documentation Specialist
Status: Non-Exempt
Department: Loan Documentation
Reports To: Loan Documentation
Primary Purpose of the JOB:
The Documentation Specialist is responsible for the preparation of Commercial Loan closings and Letters of Credit.
Essential DUTIES:
Other DUTIES:
Required Experience/SKILLS:
Required EDUCATION:
Working CONDITIONS:
Employees are expected to comply with all laws, regulations, bank policies and procedures, including specifically First State Bank’s Bank Secrecy Act and Anti-Money Laundering Policy and procedures, and it’s Customer Identification Program. Failure to comply with either the letter and/or spirit of these laws may result in disciplinary action, up to an including termination.
This job description does not list all the duties of the job. You may be asked by supervisors or managers to perform other instructions and duties. You will be evaluated in part based on your performance of the tasks listed in this job description.
Management has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.