Business Lending Associate

PSFCU; New York, Northern (NY, KY); Hybrid; USD 30,000 - 37,000; Full time

Benefits offered by this job

Medical Insurance

Vision Insurance

Dental Insurance

Retirement Plans

Life Insurance Plans

Tuition Reimbursement

Pet Insurance

Paid Time Off: Vacation, Personal and

Birthday Day off

Job summary

Polish & Slavic Federal Credit Union is seeking a Loan Processor to prepare approved loans for boarding and closing, gather borrower documentation, and confirm pre-closing conditions. You will board loans on core systems and prepare documents using LaserPro, coordinating with attorneys to ensure a smooth closing.

Ideal candidates have at least 2 years in lending with knowledge of commercial lending and analysis of financial statements and tax returns.

Qualifications

• Minimum 2 years experience in lending field and processing procedures.
• Comprehensive knowledge of commercial lending with the ability to evaluate financial statements and tax returns, or equivalent work experience.

Responsibilities

• Prepare approved loans for boarding and closing.
• Collect required documents and information from borrower(s) for closing.
• Confirm pre-closing conditions and ensure insurance coverage.
• Communicate with attorneys, borrowers, and others to ensure smooth closing.
• Board new loan on core systems and prepare for funding.
• Create loan documents using LaserPro or other systems.
• Track incoming correspondence from title companies and attorneys.
• Collect and scan post-closing documents for funded loans.
• Follow up with attorneys for missing documents.
• Create hard copy files for each loan with wet signatures.
• Order appraisals and quotes.
• Ensure compliance with policies, regulations and laws.
• Assist manager in preparing monthly closing pipeline reports.
• Perform other duties as assigned.

Education

Associates or better.

Job description

Polish & Slavic Federal Credit Union is committed to supporting our employees’ overall wellbeing by providing valuable benefits. The credit union proudly offers a competitive benefits package, that includes: Medical, Vision and Dental Insurance, Retirement Plans, Life Insurance Plans, Tuition Reimbursement and Pet Insurance, among other benefits. We also have a generous Paid Time Off policy including Vacation, Personal and Sick Time, as well as, a Birthday Day off.

Core Responsibilities:

• Prepare approved loans for boarding and closing.
• Collect required documents and information from borrower(s) in preparation for closing, review pre-closing conditions and gather the necessary approvals to proceed with closing.
• Confirm all pre-closing conditions have been satisfied and proper insurance policies have been provided for the subject property.
• Communicate with attorneys, borrowers and other related parties to ensure a smooth closing process.
• Board new loan on core system(s) and prepare for funding.
• Create loan documents using LaserPro or other systems as directed.
• Track incoming correspondence from title companies, attorneys, etc.
• Collect and scan recorded documents post-closing for each funded loan and upload to appropriate systems and /or electronic storage.
• Follow up with attorneys for any missing loan documents.
• Create hard copy files with all original (wet signature) documents for each loan.
• Order appraisals and request quotes.
• Ensure compliance with all policies, regulations and laws in fulfilling all aspects of job responsibilities.
• Assist manager in preparing monthly closing pipeline reports.
• Perform other duties as assigned by manager or as needed.

Requirements:

• Minimum 2 years experience in lending field, workflow organization and processing procedures.
• Comprehensive knowledge of commercial and business lending with completion of formal commercial loan analysis education on the evaluation of financial statements and tax returns, or prior work experience.

Pay: $22.02 - $27.03 per hour

AN EQUAL OPPORTUNITY EMPLOYER

Education

Required

Associates or better.

Equal Opportunity Employer
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