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Job Description
Description
The Commercial Loan Coordinator manages workflow to ensure the accurate and timely delivery of loan documents in alignment with Service Level Agreements (SLAs).
Job Duties:
- Manage the loan process with internal and external stakeholders, including attorneys, borrowers, vendors, title companies, brokers, analysts, and underwriters to meet SLAs
- Review and audit loan files for complete information, including entity documents, appraisal/values, title forms, certifications, collateral information, approved narrative, and other commercial loan documents
- Ensure compliance with lending regulations and internal controls for accuracy, timeliness and documentation
- Act as intermediary between broker partners and closing/settling agents
- Prepare the loan closing instructions process for the borrower/broker and title company, verifying that all closing conditions have been met
- Prepare and review internally prepared and attorney-prepared loan documents prior to booking and funding to ensure loan covenants, rate, margin, borrower, and guarantors match the loan approval and credit memo
- Ensure and execute loan funding upon verification of all documentation
Essential Skills:
- Minimum Education: Bachelor’s degree in Business Administration or other related fields of study is preferred; Minimum of 9 credit hours of accounting is preferred
- Minimum one year’s experience in commercial lending
- Strong knowledge of regulatory and compliance lending guidelines
- Basic knowledge of accounting principles and practices
- Ability to identify existing and potential issues and recognize the legal, transactional, and business implications of existing and omitted documents
- Strong analytical and problem-solving skills; ability to resolve complex issues with minimal direction
- Demonstrated excellent attention to detail and accuracy
- Ability to work autonomously to manage time effectively and prioritize work appropriately to meet deadlines
- Strong business communication skills; able to write/speak clearly and professionally for a variety of stakeholders
- Demonstrated ability to establish credibility and rapport with internal and external stakeholders
- Proven ability to maintain confidentiality and professionally handle sensitive documents
- Proficiency with LaserPro
- Strong working knowledge of Microsoft Office Suite
- Certification/License: N/A
Location: Hillsboro Corporate Office - Hillsboro, OR 97124
Target Compensation in San Jose, CA: $25.20 - $28.53 per hour + quarterly incentive
Benefits options include:
- Traditional medical, dental, and vision coverage
- 401K matching up to 5% per pay period
- Paid Time Off (PTO): You'll accrue up to 15 vacation days in your first year. In addition, you'll receive 40-hours of sick time, and three personal days, which will refresh annually
- Accrue up to 17 days of Paid Time Off your first year of employment
- 11 paid federal holidays
- Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria)
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First Tech is not currently offering Visa sponsorship or transfer for this position