Commercial Loan Clerk, Sr. processes loan payments and applies funds to customer accounts. Calculates and processes payoffs, and releases titles and insurance interest. Being a Commercial Loan Clerk, Sr. calculates and prepares refunds for customers that submit overpayments. Responds to customer inquiries and requests for net payoff quotes. Additionally, Commercial Loan Clerk, Sr. may require an associate degree or equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk, Sr. works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Commercial Loan Clerk, Sr. typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)
Role is on-site in a branch location daily, a minimum of one Saturday a month is required.
Duties:
- Review all generated loan files to ensure accuracy and completeness
- Process release of auto titles and property deeds
- Prepare property deeds for recording
- Process loan payoff requests
- Prepare payoff letters, letter of guarantees, and adverse action notices
- Process loan applications, and gather necessary documentation for underwriting
- Communicate with borrowers, third party vendors, and loan department team
- Adhere to all regulatory requirements and company policies
Qualifications:
- Minimum of 3 years lending experience
- Experience in processing Home Equity loans and Home Equity Line of Credits
- Experience in consumer lending (Auto loans, Personal loans, Credit Cards)
- Excellent attention to detail and organizational skills
- Ability to multitask and prioritize workload in a fast-paced environment
- Strong communication and customer service skills
- Ability to adhere to lending guidelines and regulations
Note: This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization.
Job Type: Full-time
Salary: $45,000.00 - $60,000.00 per year
Job Type: Full-time
Pay: $45,000.00 - $60,000.00 per year
Benefits:
Schedule:
Experience:
License/Certification:
Ability to Commute:
Work Location: In person
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