Jobs and Careers

Commercial Loan Coordinator

United Statesfull_timeVerifiedPosted 11 Oct 2024

About the role

The Commercial Loan Coordinator manages workflow to ensure the accurate and timely delivery of loan documents in alignment with Service Level Agreements (SLAs).Here's what you can expect from the job and what you need to be successful: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 one year 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 document
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
Minimum Education: Bachelor’s degree in Business Administration or other related fields of study is preferred, or equivalent work experience; Minimum of 9 credit hours of accounting is preferred

Location: Hillsboro, OR 97124 | (HYBRID)Target Compensation in Hillsboro, OR: $23 - $26 hourly + commissionBenefits options include:

Traditional medical, dental, and vision coverage
401K matching up to 5% per pay period
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)

What makes First Tech different? Click here to learn more! First Tech is not currently offering Visa transfer/ sponsorship for this position #LI-KW1