Commercial Loan Coordinator

Elevations Credit Union; Broomfield (CO); Hybrid; USD 49,000 - 61,000; Full time

Benefits offered by this job

4 weeks PTO

HSA contributions

401(k) match 4%

Parental leave

Employee assistance program

Tuition reimbursement

Job summary

Elevations Credit Union, a member-owned nonprofit financial institution serving Colorado’s Front Range, seeks a Commercial Loan Coordinator to support a Commercial Loan Officer with loan origination, processing, and customer communication. You’ll work closely with internal departments to ensure a smooth loan lifecycle and exceptional member experience.

The role requires lending experience, strong organizational skills, and the ability to manage multiple tasks in a fast-paced environment.

Qualifications

• High School Diploma, or equivalent.
• Three (3)+ years of relevant financial lending experience.
• Proficient knowledge of Microsoft Office, Word and Excel and other various PC applications.
• Ability to apply logical or critical thinking to define problems, collect data, establish facts,anticipate needs, and draw conclusions.
• Ability to work under pressure, meet deadlines, and multi-task.
• Ability to communicate effectively both verbally and in writing with others in a clear, thorough, andtimely manner
• Competence with fair lending practices, regulations, and requirements.
• Demonstrate a high level of organization, ability to prioritize and multi-task with attention to detail and accuracy, manage multiple projects, demonstrate self-motivation and ability to follow through with tasks.

Responsibilities

• Provides critical loan origination support to the commercial lenderby answering telephone calls, responding to emails, requestingdocumentation, scheduling, and responding to other inquiries in atimely fashion.
• Facilitates open communication and loan document coordinationbetween Commercial Loan Officer, borrowers, internaldepartments (Credit Risk, Commercial Operations, Legal, Retail,etc.), outside vendors and others.
• Supports the Commercial Loan Officer from the initial applicationprocessing through closing and booking the loan, includingrenewals, extensions and modifications along with ongoingsupport for borrower needs.
• Compiles and reviews commercial loan requests by gatheringfinancial information and completing credit applications asneeded. Anticipates lender and operational needs and timelinesto ensure successful loan closings.

Skills

Microsoft Office

Communication

Organization

Multitasking

Attention to detail

Problem solving

Time management

Education

High School Diploma

Bachelor's degree in related discipline

Tools

Abrigo

Symitar Episys

Job description

When joining Elevations, you can expect to work for a company with:

• A leadership team that strives to make this the best place you’ve ever worked!
• A focus on supporting our employees’ mental, physical, and financial well-being
• A commitment to diversity, equity, and inclusion recognized by the Denver Business Journal and Colorado Association of Realtors
• A highly engaged workforce devoted to innovation, continuous improvement, and collaboration
• A reputation for excellence, as evidenced by being a two-time recipient of the Malcolm Baldrige National Quality Award
• A passion for consistently providing amazing experiences and creating raving fans

If you join our team, here are some of the perks you can expect:

• A competitive total rewards package with 4 weeks paid time off for full-time employees, work anniversary paid time off, paid volunteer time off, and 12 paid holidays
• Comprehensive medical, dental, and vision plans with employer contributions to supercharge your Health Savings Account
• Up to a 4% match on 401(k) contributions
• UP to twelve weeks of fully paid parental leave
• An extensive Employee Assistance Program that provides personalized care options for your whole household
• Ample opportunity to learn, develop and grow with access to LinkedIn Learning, career and leadership development programs, job shadowing, a mentor program, and tuition reimbursement up to $5,250/year

Hybrid: Employees who are able to perform the essential functions of their jobs away from an Elevations location may do so with the expectation that they are onsite at least fifty percent of the time over a two-week pay period.

Summary/Objective:

The Commercial Loan Coordinator is organized and driven with some commercial lending exposure andsincere interest in deepening their knowledge in the industry. The Commercial Loan Coordinator is aunique opportunity to learn more about commercial lending and have opportunity within the organization.The Commercial Loan Coordinator is responsible for supporting a Commercial Loan Officer inoperational, administrative, and customer communication areas. The role is a key contact person to theCommercial Lender’s borrowers, providing excellent member support. They work directly with aCommercial Loan Officer (CLO) and assist in the management of a CLO’s loan portfolio, pipeline, andpartnership with internal departments in order to create an exceptional experience for our members.

Essential Functions include:

• Provides critical loan origination support to the commercial lenderby answering telephone calls, responding to emails, requestingdocumentation, scheduling, and responding to other inquiries in atimely fashion.
• Facilitates open communication and loan document coordinationbetween Commercial Loan Officer, borrowers, internaldepartments (Credit Risk, Commercial Operations, Legal, Retail,etc.), outside vendors and others.
• Supports the Commercial Loan Officer from the initial applicationprocessing through closing and booking the loan, includingrenewals, extensions and modifications along with ongoingsupport for borrower needs.
• Compiles and reviews commercial loan requests by gatheringfinancial information and completing credit applications asneeded. Anticipates lender and operational needs and timelinesto ensure successful loan closings.

Required Skills, Education and Experience:

• High School Diploma, or equivalent
• Three (3)+ years of relevant financial lending experience.
• Proficient knowledge of Microsoft Office, Word and Excel and other various PC applications.
• Ability to apply logical or critical thinking to define problems, collect data, establish facts,anticipate needs, and draw conclusions.
• Ability to work under pressure, meet deadlines, and multi-task.
• Ability to communicate effectively both verbally and in writing with others in a clear, thorough, andtimely manner
• Competence with fair lending practices, regulations, and requirements.
• Demonstrate a high level of organization, ability to prioritize and multi-task with attention to detail and accuracy, manage multiple projects, demonstrate self-motivation and ability to follow through with tasks.

Preferred Skills, Education, and Experience

• Commercial lending experience
• Strong working knowledge with common commercial loan structures and commercial loandocuments
• Bachelor's degree in related discipline
• Experience and knowledge of Abrigo and Symitar-Episys bank operating systems
• Additional compliance training is desirable

Elevations uses multi-factor authentication to keep our data safe. As such, a personal smartphone is a requirement for employment with us. This job operates in an office setting and routinely uses standard office equipment.

Physical Requirements:

Sitting frequently, walking occasionally, use of hands frequently, hearing constantly, talking frequently, exerting up to 10 lbs of force occasionally to lift, carry, push, pull, or move objects

Position Type/Expected Hours of Work:

• Full-time / 40 hours per week

Compensation Information:

The person hired into this position will likely earn between $49,158.88 and $61,448.60annual salary, plus annual bonus.

Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.

Anticipated Application Window:

This role is anticipated to close within 25 days from the date of posting. However, if the position has not been filled, Elevations may keep the application period open longer.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

About Us: Elevations Credit Union is a member-owned not-for-profit financial institution serving Colorado’s Front Range. Founded in 1952, we’ve grown from 12 members and less than $100 in assets to an institution with 15 branches and more than 170,000 members that manages over $3 billion in assets and is the No. 1 credit union mortgage lender in Colorado. At Elevations, we’ve made a commitment to move away from a product-centered business model and focus instead on creating consumer solutions. Our objective is to provide our members, as well as the entire community, with unbiased consumer information.

EEO Statement: The Credit Union is dedicated to the principles of equal employment opportunity. We prohibit unlawful discrimination against applicants or employees on the basis of age 40 and over, race (including traits historically associated with race, such as hair texture and length, protective hairstyles), sex, sexual orientation, gender identity, gender expression, color, religion, creed, national origin, ancestry, disability, military status, genetic information, marital status, or any other status protected by applicable state or local law.

Candidates for certain positions may be required to submit to a credit history report in determining qualification for employment with Elevations Credit Union. If the position you are applying for requires a credit history report, any information received in such a report will not be the sole factor in making an employment decision. A history of personal financial irresponsibility may be reason for disqualification insofar as it relates to your potential job duties. Elevations Credit Union is aware that occasionally there are extenuating circumstances that may affect an individual's credit history. We comply with the Fair Credit Reporting Act and the Colorado Employment Opportunity Act.

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