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Commercial Loan Documentation and Funding Specialist I, II, III, IV, Senior

Company: Alaska USA Federal Credit Union
Location: Glendale
Posted on: March 19, 2023

Job Description:

Overview:Reports to: Commercial Documentation and Servicing Manager
Functions Supervised: None
Primary Functions: Perform a variety of duties associated with loan documentation, loan funding, and file imaging for commercial loans. Back up for the Commercial Lending Support Specialist and Commercial Loan and Collateral Servicing Specialist.
Duties and Responsibilities:

  • Perform or be able to perform all the duties and responsibilities of a Commercial Loan Documentation and Funding Specialist I.
  • Responsible for posting payments, payoffs, loan advances and fees.
  • Responsible for reviewing assigned credit memos and any attachments to understand the loan request, and determine documents required to produce the loan according to Alaska USA's loan guidelines, policies, and federal regulations.
  • Responsible for the preparation of non-complex and complex loan documents necessary to document a loan and perfect the required lien position.
  • Responsible for funding and boarding the assigned loans to the core loan system.
  • Process fees and crediting appropriate GL's, LIP's, and paying third party vendors for collateral perfection.
  • Image all documents related to the above duties and responsibilities using Document Manager or iLinx.
  • Maintain and follow up on pending files to ensure all documents have been obtained related to the loan closing and funding.
  • Review File Error reports in Document Manager, initiating corrections, and follow-up on issues.
  • Perform other duties as assigned.Qualifications:Education: High School Diploma or Equivalent
    Creditable Experience in Lieu of Education: Not Applicable
    Experience/Skills: A minimum of one year in loan closing, collateral perfection and/or loan documentation experience. Must have basic working knowledge and understanding of lending practices to include loan documentation, perfection of security interest, lines of credit, loan closing procedures, disbursements, and compliance regulations. Ability to present information orally and in writing to members in a positive manner. Must be able to work independently with minimal supervision and be able to prioritize multiple tasks. Ability to respond to members over the telephone and in person professionally and accurately. Needs to have strong math aptitude and customer service skills with the ability to independently answer questions concerning loan information. Excellent problem-solving skills with an eye for detail. Must be organized, detail oriented and utilize general computer concepts. Ability to add, subtract, multiply and divide using whole numbers, fractions, and decimals. Ability to calculate and communicate payment and payoff amounts.
    Tenure: Commercial Loan Documentation and Funding Specialist II, Category 13. Requires twelve months in the Commercial Loan Documentation and Funding Specialist I, or Commercial Loan and Collateral Servicing Specialist I position, with performance that meets or exceeds expectations. Directly related work experience and/or accelerated training completion may be substituted for tenure.
    Equal Opportunity EmployerCompensation:Salary Pay Range:
    • Commercial Loan Documentation and Funding Specialist I (Category 14): $41,484 - $60,567 annually
    • Commercial Loan Documentation and Funding Specialist II (Category 13): $44,803 - $66,309 annually
    • Commercial Loan Documentation and Funding Specialist III (Category 12): $48,387 - $73,549 annually
    • Commercial Loan Documentation and Funding Specialist IV (Category 11): $52,258 - $81,523 annually
    • Senior Commercial Loan Documentation and Funding Specialist (Category 10): $57,484 - $90,825 annuallyStarting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.Benefits:
      • Short-term and long-term incentives
      • Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
      • 401(k) plan with a 5% match
      • Employee Assistance Program (EAP)
      • Life and disability coverage
      • Voluntary cash benefits for accident, hospitalization and critical illness
      • Tuition Reimbursement
      • Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
      • Click here to view Alaska USA's comprehensive Benefits Programs.Equal Opportunity Employer

Keywords: Alaska USA Federal Credit Union, Glendale , Commercial Loan Documentation and Funding Specialist I, II, III, IV, Senior, Other , Glendale, Arizona

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