Commercial Loan Coordinator
Company: Busey
Location: Schaumburg
Posted on: March 16, 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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