Commercial Loan Coordinator

 In

Business Lending Group, LLC

Business Lending Group, LLC

This position will support Business Lending Group’s (BLG) commercial loan operations groups and serve as a liaison between the lender and the underwriting and loan processing teams to ensure loans are closed in an efficient and accurate manner, and that member service expectations are met or exceeded.

Primary duties will include, but may not be limited to, the following:

  • Understands, orders, reviews, and updates Letter Reports and Title Commitments
  • Obtaining Appraisal Quotes from approved Appraisers
  • Preparing BPO/Appraisal agreement to pay letters on request
  • Ordering BPO’s and Appraisals
  • Accurately inputs loan information into LaserPro
  • Application Status updates in LaserPro
  • Following up and obtaining documents needed from Lenders and others in order to obtain credit approval and meet closing dates
  • Obtaining Member Account Numbers/Auto payment Info/Next Loan Suffix details from CU’s
  • Flood Determinations/Notice to Borrowers in flood zone
  • Reviewing of Organizational Documents & Signing Requirements, accurately identifies signers needed on closing documents
  • Obtaining Internal Loan Payoff information for Renewals
  • Deciding Type of Loan Transaction – Change in Terms/Renewal/Refinance/New Loan
  • Assembling Loan Fees, Invoices, Organizational Docs for Title Company Hud preparation
  • Reviewing of Title Company Closing Statements
  • Obtaining/Reviewing Insurance for loan closings
  • Ensuring payment of Invoices related to loan closings via Outstanding fees log
  • Preparing HMDA Data forms for Loan Processors
  • Preparing a loan summary for document preparation after Credit Presentation Review, Approval Review, File Review, Information from Lenders – Lender Loan Data Sheet
  • Ensuring all Prior to Close requirements are obtained and reviewed by Underwriting
  • Assembling & coordinating closing dates with Lenders
  • Preparing Approved Loan Closing Pipeline Reports for internal staff and Credit Unions
  • Calculating Loan Participation dollar amounts
  • Enter loan information into Laser Pro and tasking to Loan Processing department
  • Maintaining timing standards of loan requests and documentation preparation
  • Reviewing loan files for compliance & completeness
  • Recognizing when additional research or clarification is needed on loan approvals
  • Withdrawing loan approvals that are stale dated/withdrawn/declined
  • Preparing Adverse Action Letters for Declined Loans
  • Serve as a backup to loan processing team when necessary
  • Other duties as assigned by management

 

Skills Required

*Accurate and efficient data entry skills  *Attention to detail  *Self-motivated  *Strong initiative to understand processes and systems and identify gaps and opportunities for improvement  *Works well in a team environment  *Good written and verbal communication skills  *Ability to multi-task effectively  *Ability to handle large volumes of work while maintaining accuracy  *Strong customer service orientation

To apply for this job email your details to mwagner@businesslendinggroup.com