Senior Commercial Loan Coordinator, OSF - *Partial Remote

First Financial Bank; United States; Remote; USD 34,000 - 44,000; Full time

Benefits offered by this job

Benefits guide

Job summary

First Financial Bank is seeking a Senior Loan Coordinator to serve as a liaison between Underwriting and Sales, coordinating loan processing and ensuring document accuracy for a wide range of files.

Responsibilities include assembling materials for underwriting, obtaining missing data from borrowers, and coordinating closing steps with underwriters, LOs, and customers while supporting the Sales & Underwriting teams.

Qualifications

• Bachelor’s degree preferred
• Minimum 2 years Lending or Insurance industry experience
• Able to work independently and aggressively to accomplish objectives and meet deadlines
• Able to communicate and work efficiently internally and with borrowers
• Excel proficiency is required
• Excellent organizational, written and verbal communication skills

Responsibilities

• Review loan files for accuracy and completeness.
• Coordinate with Loan Coordinator to obtain documents and necessary information from borrowers.
• Train and mentor Loan Coordinator to be self-sufficient in processing.
• Develop processing requirements for loans in excess of $1M+ with Senior Loan Advisor, Senior UW and Legal Counsel.
• Provide backup for the Underwriting team with file reviews as needed.
• Coordinate closing process with Underwriter, LO, and customer, including generation of loan documents.
• Support Sales & Underwriting team to meet goals and directives.

Skills

Communication skills

Independent work

Organizational skills

Verbal/written communication

Education

Bachelor’s degree preferred

Tools

Excel

Job description

We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written!

Position serves as a liaison between the Underwriting and Sales departments. Loan coordinators provide the administrative support to the loan process. The Sr. Loan Coordinator is responsible for managing the day to day responsibilities of the processing department. They are also responsible for checking all of the collected information for accuracy and completeness for all loan coordinators prior to submission to UW. The Sr. Loan Coordinator assembles and coordinates the forwarding of materials from the client to the underwriting department for analysis. In addition, if any information from the applicant is missing, the coordinator is responsible for obtaining the data. Communicating all document changes and additions is the responsibility of the coordinator. Will work closely with Sales, customers and Underwriting. The Sr. Loan Coordinator will play a critical role with large loans working closely with the Senior Loan Advisor and Senior UW to develop process & guidelines for large loans.

Essential Functions/Responsibilities

• Responsible for reviewing Loan Coordinators loan files for accuracy & completeness.
• Work with Loan Coordinator to review all loan file documents, orders necessary supporting documentation, and requests additional information as needed from borrowers.
• Train & mentor Loan Coordinator to be self sufficient in the processing role.
• Work with Senior Loan Advisor , Senior UW, & Legal Counsel to develop process flow and processing requirements for loans in excess of $1M+.
• Provide support to the Underwriting team by cross training the UW position.
• Work with borrowers and carriers to facilitate the commission redirect and commission assignment process.
• Coordinate the closing process with Underwriter, LO, & customer along with generation of loan documents for borrowers once loan has been approved.
• Provide backup for the Sales & Underwriting team with file reviews as needed
• Other initiatives deemed necessary to assist the Sales & Underwriting Department in meeting goals and directives to improve company performance

Minimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the Job

• Bachelor’s degree preferred
• Minimum 2 years Lending or Insurance industry experience
• Able to work independently and aggressively to accomplish objectives and meet deadlines
• Able to communicate and work efficiently internally and with borrowers
• Excel proficiency is required
• Excellent organizational, written and verbal communication skills

Compliance Statement

• The associate is responsible for meeting all compliance requirements imposed on First Financial Bank by State and Federal law and regulation, as well as all related First Financial Bank policies and procedures. This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements.

Development and Training

Pay Range: $25.00/hour - $32.21/hour

Benefits

We have relevant, thoughtful benefits and programs that support every aspect of our associates’ holistic wellbeing. Please review our Benefits Guide.

Incentive Eligibility

All roles are incentive eligible with the exception of Co-Op, Intern, or Student positions.

It is our policy to not discriminate against any individual in violation of federal, state, and local laws as it relates to age, race, color, religion, national origin, sex, marital status, pregnancy, gender identity, disability, sexual orientation, genetic information, veteran/military service, or any other characteristic protected by law.

We are an E-Verify Employer.