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Title

Business Loan Processor 

Description

At Allegacy, there’s a common thread that runs through all of us.  It’s our commitment to doing right and our promise to members to always do the right thing for their wellbeing.  Every employee in our organization is accountable to living out our brand in meaningful ways as our promise motivates our beliefs, our behaviors, and the benefits we share together.

 

Nature and Scope

This position reports directly to the Commercial Loan Operations Manager.  The processor is primarily responsible for generating loan packages, booking loan packages on core system and reviewing loan package for inaccuracies and missing documentation.

 

  • Most frequently interacts with Business Loan Administrative Assistants, Business Loan Officers, and Commercial Credit Risk Underwriter/Portfolio Manager.  External interaction is with business members, appraisers and other third party businesses necessary to the transaction.

 

Specifics Responsibilities

  • Support the commercial lending process by producing legal and supporting documentation required for closing, modification or renewal through timely and accurate input to loan systems.
  • Ensures all required pre-closing documentation is received before loan package is delivered. Communicate any gaps in the loan packet to the Officers and/or Underwriters prior to closing.
  • Manage documentation risk by ensuring documentation is in compliance with credit approval and secures a valid lien.
  • Process executed loan documentation to accurately disburse loan proceeds, book and complete loan package review in a timely manner.
  • Partners with Department Leadership to hold officers accountable for providing a complete closing packets/loan files.
  • Reviews and maintain files for completeness and accuracy within the stated guidelines provided by Allegacy as well as state and federal guidelines.
  • Determines gaps, missing or incorrect information post-closing and sets document and financial exceptions necessary using tracking system.
  • Maintain high level of customer service and satisfaction.
  • Other duties as necessary.
 
Position Requirements

Knowledge, Skills and Abilities

  • Knowledge of business laws, compliance laws, and regulations.
  • Knowledge of business loan processing and loan documentation requirements in North Carolina.
  • Ability to produce high volume, high quality output.
  • Excellent verbal and communication skills to internal and external members
  • Strong computer skills
  • Excellent customer service skills
  • Proficiency in Microsoft Office Applications including Outlook, Word and Excel

 

Education and Experience

  • Education Required:  High School Education
  • Education Preferred:  Associates or Bachelor’s Degree
  • Experience Required:  3 – 5 years commercial loan processing including document preparation and funding experience with 3 – 5 years customer service within a financial environment.
 
Full-Time/Part-Time Full-Time  
Close Date  
Exempt/Non-Exempt Non-Exempt  
Location 023 - Allegacy - Headquarters/Westbrook  
About the Organization Do you get a thrill out of helping people realize their dreams? Do you believe that strong, personal relationships are critical to financial success? Do you want to work for an organization that has its community's best interests at heart? We do, too. That's why we work for Allegacy. Here, you'll find a challenging, rewarding career in one of the most unique entities of the financial industry. Allegacy Federal Credit Union is a place where inclusion and camaraderie thrive, and where everyone is united in their commitment to serving our members.

 
EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.  
Pay Grade


This position is currently not accepting applications.

To search for an open position, please go to http://AllegacyFederalCreditUnion.appone.com



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