Commercial Lending Specialist
Minnco Credit Union, Cambridge, Minnesota, United States, 55008
Position Objective
Provide critical administrative support to business and commercial lending areas throughout the loan process, working closely with both lenders and internal departments on complex relationships to meet the team’s business development and member goals.
Essential Duties and Responsibilities
Assist business/commercial lenders with loan and credit underwriting, documentation, including but not limited to title work, appraisals, etc.
Initiate and request loan documentation utilizing loan operating software and verify all details (orders, collateral, disclosures, etc.) of initial loan files are complete and accurate according to policies and procedures.
Work closely with title companies and insurance companies as needed
Act as a liaison between lenders and internal departments to coordinate member requests and resolve inquiries
Collaborate closely with internal related departments as loan progresses, serve as a resource for any funding/post funding questions
Understand the complexity of transactions and related risks while following procedures and practices from application to origination
Complete payoff requests, advances, initiate wire requests, lien releases, payments and transfers as needed
Monitor current business loan files and paid loan files to ensure proper maintenance according to established procedures.
Monitor reports, provide loan payoffs and release collateral
Assist in preparing annual reviews, remain up-to-date on process, product and regulatory changes, attend team meetings, training opportunities, and required compliance training.
Leadership and Professionalism
Maintain and uphold Minnco’s Core Values in all work
Ability to act with integrity and professionalism while maintaining confidentiality and objectivity
Maintain a professional image of Minnco by keeping a clean and professional workspace, wearing proper attire, and having a positive, cooperative attitude
Required Qualifications
High School Diploma or equivalent
Two years of lending experience
Knowledge of basic lending concepts and practices as well as the various federal regulations that impact lending
Strong customer service and communication skills
Attention to detail and the ability to accurately enter information
Desired Qualifications
Previous experience in a credit union environment
Knowledge of credit union products and services
Proficient in Microsoft Office and Teams with the ability to easily learn other software applications
Experience with complex lending administration and documentation
Environment and Physical Demands The majority of work will require sitting/standing while using the computer, and participating in meetings (in person, while on the phone, or online). Using finger dexterity for typing on the keyboard plus reading and viewing computer monitor.
Work Location Employee will work in an office setting with low noise level, full-time Monday thru Friday between the hours of 8am and 5pm, with occasional weekend work during business hours. Travel to other branch locations may be required on occasion.
Our Company Since 1935, Minnco Credit Union has provided the people of East Central Minnesota with quality financial products and services at the lowest possible cost. Having grown to more than 30,000 members, Minnco Credit Union is preserving its rich tradition by continuing to provide our members with new, convenient products and services to meet the demands of today’s hectic lifestyles.
Our Core Values The acronym STRIVE encompasses our core values of Strength, Trust, Respect, Integrity, Value, and Engagement. At Minnco, we are committed to providing these values to both our members and employees, and therefore STRIVE to fulfill these principles every day.
Benefits Offered
High Deductible Health Plan at low cost to employees, with a $2000 employer contribution to your eligible HSA account.
Flexible Spending Accounts
Dental
Life Insurance, Long Term Disability and AD&D for Full-time 40 hour employees
Long Term Disability insurance which pays 60% of salary after 30 days
Retirement and Pension Benefits
Generous PTO Benefit
This job description may not be inclusive of all assigned duties, responsibilities, or aspects of the job described, and may be amended at any time at the discretion of Minnco Credit Union.
Complies with the Bank Secrecy Act/Anit-Money Laundering/CIP (U.S. Patriot Act), privacy procedures and policies.
Minnco Credit Union does not discriminate based on race, sex, color, religion, age, nationality, origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.
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Essential Duties and Responsibilities
Assist business/commercial lenders with loan and credit underwriting, documentation, including but not limited to title work, appraisals, etc.
Initiate and request loan documentation utilizing loan operating software and verify all details (orders, collateral, disclosures, etc.) of initial loan files are complete and accurate according to policies and procedures.
Work closely with title companies and insurance companies as needed
Act as a liaison between lenders and internal departments to coordinate member requests and resolve inquiries
Collaborate closely with internal related departments as loan progresses, serve as a resource for any funding/post funding questions
Understand the complexity of transactions and related risks while following procedures and practices from application to origination
Complete payoff requests, advances, initiate wire requests, lien releases, payments and transfers as needed
Monitor current business loan files and paid loan files to ensure proper maintenance according to established procedures.
Monitor reports, provide loan payoffs and release collateral
Assist in preparing annual reviews, remain up-to-date on process, product and regulatory changes, attend team meetings, training opportunities, and required compliance training.
Leadership and Professionalism
Maintain and uphold Minnco’s Core Values in all work
Ability to act with integrity and professionalism while maintaining confidentiality and objectivity
Maintain a professional image of Minnco by keeping a clean and professional workspace, wearing proper attire, and having a positive, cooperative attitude
Required Qualifications
High School Diploma or equivalent
Two years of lending experience
Knowledge of basic lending concepts and practices as well as the various federal regulations that impact lending
Strong customer service and communication skills
Attention to detail and the ability to accurately enter information
Desired Qualifications
Previous experience in a credit union environment
Knowledge of credit union products and services
Proficient in Microsoft Office and Teams with the ability to easily learn other software applications
Experience with complex lending administration and documentation
Environment and Physical Demands The majority of work will require sitting/standing while using the computer, and participating in meetings (in person, while on the phone, or online). Using finger dexterity for typing on the keyboard plus reading and viewing computer monitor.
Work Location Employee will work in an office setting with low noise level, full-time Monday thru Friday between the hours of 8am and 5pm, with occasional weekend work during business hours. Travel to other branch locations may be required on occasion.
Our Company Since 1935, Minnco Credit Union has provided the people of East Central Minnesota with quality financial products and services at the lowest possible cost. Having grown to more than 30,000 members, Minnco Credit Union is preserving its rich tradition by continuing to provide our members with new, convenient products and services to meet the demands of today’s hectic lifestyles.
Our Core Values The acronym STRIVE encompasses our core values of Strength, Trust, Respect, Integrity, Value, and Engagement. At Minnco, we are committed to providing these values to both our members and employees, and therefore STRIVE to fulfill these principles every day.
Benefits Offered
High Deductible Health Plan at low cost to employees, with a $2000 employer contribution to your eligible HSA account.
Flexible Spending Accounts
Dental
Life Insurance, Long Term Disability and AD&D for Full-time 40 hour employees
Long Term Disability insurance which pays 60% of salary after 30 days
Retirement and Pension Benefits
Generous PTO Benefit
This job description may not be inclusive of all assigned duties, responsibilities, or aspects of the job described, and may be amended at any time at the discretion of Minnco Credit Union.
Complies with the Bank Secrecy Act/Anit-Money Laundering/CIP (U.S. Patriot Act), privacy procedures and policies.
Minnco Credit Union does not discriminate based on race, sex, color, religion, age, nationality, origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.
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