Commercial Loan Closer (Branch Paralender)

FIRST COMMUNITY BANK (SC); Columbia (SC); On-site; USD 42,000 - 65,000; Full time

Job summary

FIRST COMMUNITY BANK (SC) is seeking a detail-oriented Loan Documentation Clerk to prepare loan packages, review supporting documents, and ensure accurate loan documentation. Responsibilities include ordering appraisals, verifying insurance coverage, and coordinating with commercial and retail bankers to resolve issues.

The role requires a high school diploma or equivalent with several years of related experience, excellent communication, and strong organizational skills.

Qualifications

• High school diploma or equivalent with 5 years of related experience.
• Excellent written and verbal communication skills.
• Detail-oriented with strong numerical accuracy.
• Proficient with personal computers and Office suite.

Responsibilities

• Prepare loan packages from loan worksheets and commitment letters.
• Order and review appraisals; verify insurance coverage.
• Order/complete external documents (e.g., flood, Census Tract, SOS).
• Assist bankers with clearing collateral and financial statement exceptions.
• Prepare and send wires and loan-related tickets.
• Complete Documentation Checklist for received and pending items.
• Maintain customer service focus with internal and external customers.
• Stay informed on regulatory issues affecting credit decisions and documentation.

Skills

Communication skills

Attention to detail

Microsoft Word/Excel

Customer service

Time management

Teamwork

Analytical thinking

Numerical ability

Education

High school diploma or equivalent

5 years related experience

Tools

Word/Excel

Job description

Position Summary

Responsible for preparingloan packages based on receipt of loan worksheets and commitment letters fromcommercial and retail bankers.Preparation includes accurately completing loan documentation, orderingand reviewing appraisals, verifying insurance coverage, ordering and/orcompleting additional external documents (e.g., flood, Census Tract, Secretaryof State, etc).

Essential Duties andResponsibilities

(Other duties may be assigned.)

• ·Demonstrate proficiency in analyzing and interpretingloan requests and documents of varying degrees of complexity. Consumer and commercial loan requests includevarious collateral, new loans, renewals with increases and modificationagreements.
• ·Interpret and apply Bank policies such asloan-to-value ratio, appraisal criteria, etc to loans.
• ·Order and review loan documentation and notifycommercial banker and retail bankers of any identified problems and issues.
• ·Assist commercial and retail bankers with clearingcollateral and financial statement exceptions.
• ·Exhibit a working knowledge of general lendingpolicies and practices.
• ·Prepare system-generated loan documents accuratelybased on information supplied by commercial and retail bankers (e.g. loanworksheet, commitment letter, loan report, etc).
• ·Reconcile the construction inspection fees generalledger monthly.
• ·Prepare month end reports for commercial bankers usingsystem generated information.
• ·Identify insurance policies accurately (e.g., hazard,collision, builders risk, workers comp, general liability, flood, etc.) andreview policies to confirm adequate coverage for loan.
• ·Prepare and send wires and various Bank tickets toaccompany loan packages.
• ·Complete Documentation Checklist indicating receiveditems and items that are pending, missing, incomplete and/or questionable. Includes reviewing executed loan documentsreceived from closing attorneys as relates to clearing collateral exceptions.
• ·Partner with commercial bankers, retail bankers andcentralized paralenders to ensure that loan process is smooth and to resolvedocumentation and timing issues as necessary.
• ·Maintain customer service focus on internal andexternal customers to encourage positive business relationships.
• ·Stay abreast of regulatory and compliance issues thatimpact credit decisions and loan documentation including Fair Lending, HMDA,Credit Life, and Wolters Kluwer Financial Services resources. Follow bank policies and procedures, securityguidelines, and comply with all federal, state and local regulations.
• ·Demonstrate working knowledge of all Bank loanproducts and services.

Qualifications

• ·High school diploma or equivalent and 5 years relatedexperience; or an equivalent combination of education and experience.
• ·Effective oral and written communication skills.
• ·Ability to maintain professional focus.
• ·Ability to compute basic to moderately complex mathcalculations.
• ·Proven problem-solving, critical thinking, andanalytical skills. Ability to interpreta variety of information furnished in written, oral, diagram, or schedule form.
• ·Exhibit attention to detail and accuracy.
• ·Proficiency in using personal computers and officeproducts (e.g., Word, Excel).
• ·Excellent customer service and interpersonal skills.
• ·Strong organizational and time management skills. Ability to prioritize.
• ·Demonstrate willingness and desire to interact in ateam environment.