Commercial Loan Admin & Documentation Specialist

Southern Michigan Bank & Trust; Portage (MI); On-site; USD 39,000 - 54,000; Full time

Job summary

Southern Michigan Bank & Trust is seeking a Commercial Loan Assistant to oversee the preparation and execution of commercial loan packages and maintain loan documentation. You will support one or more commercial loan officers with confidential and complex loans.

Responsibilities include preparing loan documents, typing letters, responding to inquiries, assisting with closings, and generating month-end and board reports.

Qualifications

• High School Diploma or Equivalent.
• Basic computer experience including Windows, Microsoft Word, and Excel.
• Proficient typing skills.
• Ability to interpret the needs of customers and effectively resolve any problems to ensure complete satisfaction.
• Basic math skills including the ability to calculate fractions, decimals and percentages.
• Ability to apply common sense understanding to carry out verbal and written instructions and deal with standardized and unique situations.

Responsibilities

• Reviews and prepares loan packages and documentation following underwriting guidelines and policies.
• Will prepare loan documents to protect the bank's security position. These may include but not be limited to various types of promissory notes, sworn statements, security agreements, addendum and mortgages.
• Will type letters, memos and reports for loan officers.
• Will screen incoming telephone calls, respond and write routine correspondence for loan officers.
• May be required to meet with customers and close small business loans.
• Complies and prepares month-end and quarter-end reports that are reviewed at the monthly Board of Directors meetings.
• Will order Third Party loan documentation such as title commitments, title searches, real estate valuations, and insurance with proper coverage as requested for loan officers.
• Collect pending loan documentation and assist loan officers with the delivery of documents.
• Prepares and sends notices on denied credit applications.
• Advances commercial credit lines and floor plan lines of credit.
• Will assist customers with problems, billing, accounts or loans.
• Helps cross train and assist others in the Commercial Loan and Credit Departments.

Skills

Typing skills

Customer service

Attention to detail

MS Word

MS Excel

Education

High School Diploma or Equivalent

Tools

Windows

Microsoft Word

Excel

Job description

Southern Michigan Bank & Trust is seeking a Commercial Loan Assistant to oversee the preparation and execution of commercial loan packages and maintain loan documentation. You will support one or more commercial loan officers with confidential and complex loans.

Responsibilities include preparing loan documents, typing letters, responding to inquiries, assisting with closings, and generating month-end and board reports.