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Commercial Loan Coordinator

Company: Busey
Location: Schaumburg
Posted on: January 17, 2023

Job Description:

WHAT YOU'LL DOThe Loan Coordinator is responsible for the data integrity of customer and loan information as it is populated within loan applications and product packages and is the primary associate that works alongside the Busey Relationship Manager (RM). The coordinator collaborates with sales leaders on the generation of new loan requests, renewals, modifications or other customer requests within the Bank's loan origination system and develops strong working relationships with the Bank's external customer base and third-party vendors.Additional Duties:

  • Develop and apply strong knowledge of the Bank's "credit culture" and in partnership with Loan Coordination leadership advise Relationship Managers on deviations from standard practices
  • Acts as a resource for Relationship Managers on loan operations and the processing of loan requests through the loan operation system
  • Functions as a point of contact for other internal departments during the loan process, serving as a liaison between commercial lending departments such as Credit, Compliance, Deposit Operations, Loan Documentation, Loan Servicing and Post-Closing Review
  • Manages and oversees annual renewals, new loan requests and monthly reporting tasks on all loan types
  • Completes daily processes and maintains pace with month end, quarter end and year end volume levels
  • Enters customer and loan information into the Bank's loan origination system with specific attention to data integrity at the point of input
  • Obtains all pre-closing documentation requirements, such as flood letters, title work, appraisals, entity documents, corporate searches, credit bureau reports
  • Interacts, both verbal and written, with clients per Relationship Manager's direction on collecting data, documents, and various general customer service requests
  • Reviews closed loan packages to ensure no changes to loan documents were made at closing without approval per loan policy
  • Requests Change Memos reflecting adjustments made to the loan request Post Approval
  • Verifies recordation and collateral perfection if applicable
  • Monitors and assist in clearing exception items
  • Monitors monthly reports for RM Team
  • Assists in processing and responding to daily overdrafts per RM instructions and bank policies as needed
  • Assembles and coordinates required financial information from Client to Credit Department for analysis as needed
  • Provides back-up support for other Loan Coordinators during vacations and other high-volume periods
  • Performs other duties as assigned WHAT YOU'LL BRINGKnowledge of:
    • Strong oral and written communication skills
    • Strong organizational skills
    • Strong Computer skills, including proficiency with Microsoft Office products and other proprietary bank systemsAbility to:
      • Multi-task and work independently
      • Perform duties under frequent time pressures
      • Complete work with frequent interruptions
      • Handle difficult problems involving multiple facets and variables in non-standardized situationsEDUCATION, TRAINING & STANDARDS OF PERFORMANCE Loan Coordinator I:
        • Requires High School diploma.
        • Requires 2 or more years of related banking experience, commercial banking experience preferred.Loan Coordinator II:
          • Requires High School diploma; continued education preferred.
          • Requires a minimum of 2 or more years of loan coordinating experience. Capable of handling a pipeline of 15+ loans at any given time.Loan Coordinator III:
            • Requires High School diploma; continued education preferred.
            • Requires a minimum of 5 or more years of loan coordinating experience. Capable of handling a pipeline of 20+ loans at any given time.
            • Can be designated as Team Lead based on need and Regional Manager's/RP's determination; previous supervisory experience preferred.Standards of Performance:Customer Service - Adheres to The Busey Promise service standards set by Service Excellence in order to anticipate and exceed the needs of our customers, both internal and external.Functional Knowledge and Technical Skills - Skilled in job-specific knowledge that is necessary to provide the appropriate quantity and quality of work in a timely and efficient manner.Accountability - Work behaviors demonstrate responsible personal and professional conduct, which contributes to the overall goals and objectives of Busey. Interpersonal Relations (Teamwork) - Interacts effectively with others to establish and maintain smooth working relations.Attention to Detail - Working in a conscientious, consistent, and thorough manner.Information Gathering and Processing - Locating and collecting data from appropriate sources and analyzing it to prepare meaningful and concise reports that summarize the information.Oral Communication - Communicating ideas and information verbally to ensure that information and messages are understood and have the desired impact.Written Communication - Communicating ideas and information in writing to ensure that information and messages are understood and have the desired impact. Busey believes that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. Equal Opportunity Employment is a priority for Busey and all qualified applicants will receive consideration regardless of race, color, religion, national origin, genetic information, sex (including pregnancy), age, sexual orientation, gender (including gender identity and expression), marital status, military status, veterans status, citizenship status, work authorization status, disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors.

Keywords: Busey, Schaumburg , Commercial Loan Coordinator, Other , Schaumburg, Illinois

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