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Position Title

Corporate Commercial Loan Processing

Reports To:

Corp Commercial Loan Processing Supervisor

Classification:

Non-Exempt

Department:

Commercial Loan Processing

EEO Category: Admin Support Workers

Supervises:

None

Location:

Clock Tower 3/Springfield

Status:

Full Time

Job Summary

Responsible for creating and assembling all the required documentation for commercial loan closings and for ensuring the loan file is in compliance with the banks policies and procedures and as required by regulatory practices.

Essential Duties & Responsibilities

Review incoming loan requests to identify appropriate conditions, terms of repayment, loan covenants and actions necessary to perfect the banks collateral interest

Interact with Lenders and Loan Assistants to insure correct documentation

Prepare commercial loan documentation utilizing the appropriate software in accordance with Loan Policy, Loan Approval and Regulatory Compliance

Coordinate with legal counsel on less complex attorney reviewed and prepared loan requests

Identify Community Reinvestment Act (CRA) and Home Mortgage Disclosure Act (HMDA) loans and input the appropriate reporting information

Review real estate title and UCC searches and take appropriate action to clear exceptions

Verify loan documentation for accuracy, completeness and compliance

Coordinate loan closings with lenders, loan assistants, and title companies and/or attorneys including the delivery of the loan documents prior to closing

Send executed loan documents for recording (Mortgages, Deeds of Trust, Vehicle Titles, UCC)

Perform loan funding functions: verify documentation is properly executed, prepare wire transfer instructions, submit payoffs to other lending institutions or third parties, prepare all internal tickets to submit to loan expert.

Work in a fast paced environment, prioritize multiple responsibilities

Process back counter work in a rotation

Supervisory Requirements

Personnel Management: This position has no supervisory responsibilities.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The physical activities of this position may include climbing, reaching, standing, lifting, talking, hearing and performing repetitive motions.

Medium exertion; exerting up to 50 pounds of force occasionally, and or up to 20 pounds of force frequently, and or up to 10 pounds of force constantly to move objects.

The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; viewing a computer terminal.

Work Environment

The work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Employees, who work 7 continuous hours or more, must take a 30 minute uninterrupted lunch break no later than 5 hours after beginning their work day

Education and Qualifications

Essential:

High school diploma or equivalent

Attend loan overview course

Morton Community Bank

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