Commercial Loan Administrator (Full Time) - Plano Ops Center
Prosperity Bank, Plano, TX, United States
Prosperity Bank is an Equal Opportunity Employer.
Position Summary
Performs the daily functions associated with the preparation and/or review of commercial loan documents. Funds and boards commercial loans while ensuring compliance with state and federal regulations, and Prosperity Bank policies and procedures. Supports Dallas area lending staff (Commercial, Middle Market, Professional & Entrepreneurial, Commercial Real Estate, Energy, and Business Banking). Interacts with lenders, borrowers, underwriters and credit analysts, Community Banking staff, Underwriting, Information Technology, Compliance, Audit, and other departments as well as outside vendors such as title companies, attorneys and insurance companies.
Shifts start as early as 7:30 am to as late as 6:30 pm (typically 8-5 pm) Monday through Friday. On occasion must be available at other times for special events, projects, and during high loan volumes or the end of month.
Primary Duties & Responsibilties
Maintains a thorough knowledge and understanding of Prosperity policies, procedures, guidelines, and philosophies
Must be knowledgeable of all aspects of commercial loan documentation, understanding legal entities and loan documents such as Notes, Security Instruments, Loan Agreements, etc.
Prepares, reviews, and assembles new, renewed and modified loan documents for commercial and business loan products including secured and unsecured loans, commitments, lines of credit, letters of credit, interim construction, participations/syndications, etc.
Utilizes LaserPro software to prepare loan documents internally
Reviews attorney prepared documents prior to funding & boarding to ensure loan stipulations on the Loan Approval and Credit Memorandum are met
Works with loan officers, borrowers, title companies, and/or attorneys in closing and funding of loans
Reviews title policies to ensure accurate legal description, loan amount, and acceptable exceptions
Determines proper loan system coding (product type, collateral codes, call codes, etc.) and boards loans on the core system
Funds loans accurately and ensures financial transactions balance each day
Provides top quality service to lenders and lending staff, while meeting service guarantees for documentation processing
Follows all compliance policies and procedures, OCC rules and regulations, state and federal laws governing responsibility area of lending
Completes annual compliance testing/training/certification on time
Performs other duties, tasks and special projects as required, assigned or directed
Supervisory Responsibilities
This role has no supervisory responsibilities.
Physical Demands & Work Environment
Ability to withstand moderate physical activity throughout the workday (standing, walking, reaching)
Ability to sit for extended periods of time
Ability to lift or move up to 25 pounds on occasion
Ability to maintain attention and concentration for extended periods of time
Ability to work overtime when required to meet deadlines
Work environment – The noise level is usually low to moderate.
Minimum Qualifications (education, Experience, & Skills)
High School Diploma, GED or Equivalent
Minimum of three years current loan administration and/or related work experience
Ability to read, interpret, and respond professionally to internal and external customer correspondence. Ability to speak effectively and clearly in response to internal and external customer requests and inquiries.
Ability to calculate figures and amounts such as rates, interest, and percentages.
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems and find solutions acceptable to all parties.
Computer literate – knowledge of Microsoft Word and Excel – DNA & Nautilus software a plus
Ability to handle day to day tasks with minimal supervision
Ability to work in fast paced, high volume environment
Excellent Customer Service Skills
Monday - Friday: 8:00 AM - 5:00 PM (40 hours per week)
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Position Summary
Performs the daily functions associated with the preparation and/or review of commercial loan documents. Funds and boards commercial loans while ensuring compliance with state and federal regulations, and Prosperity Bank policies and procedures. Supports Dallas area lending staff (Commercial, Middle Market, Professional & Entrepreneurial, Commercial Real Estate, Energy, and Business Banking). Interacts with lenders, borrowers, underwriters and credit analysts, Community Banking staff, Underwriting, Information Technology, Compliance, Audit, and other departments as well as outside vendors such as title companies, attorneys and insurance companies.
Shifts start as early as 7:30 am to as late as 6:30 pm (typically 8-5 pm) Monday through Friday. On occasion must be available at other times for special events, projects, and during high loan volumes or the end of month.
Primary Duties & Responsibilties
Maintains a thorough knowledge and understanding of Prosperity policies, procedures, guidelines, and philosophies
Must be knowledgeable of all aspects of commercial loan documentation, understanding legal entities and loan documents such as Notes, Security Instruments, Loan Agreements, etc.
Prepares, reviews, and assembles new, renewed and modified loan documents for commercial and business loan products including secured and unsecured loans, commitments, lines of credit, letters of credit, interim construction, participations/syndications, etc.
Utilizes LaserPro software to prepare loan documents internally
Reviews attorney prepared documents prior to funding & boarding to ensure loan stipulations on the Loan Approval and Credit Memorandum are met
Works with loan officers, borrowers, title companies, and/or attorneys in closing and funding of loans
Reviews title policies to ensure accurate legal description, loan amount, and acceptable exceptions
Determines proper loan system coding (product type, collateral codes, call codes, etc.) and boards loans on the core system
Funds loans accurately and ensures financial transactions balance each day
Provides top quality service to lenders and lending staff, while meeting service guarantees for documentation processing
Follows all compliance policies and procedures, OCC rules and regulations, state and federal laws governing responsibility area of lending
Completes annual compliance testing/training/certification on time
Performs other duties, tasks and special projects as required, assigned or directed
Supervisory Responsibilities
This role has no supervisory responsibilities.
Physical Demands & Work Environment
Ability to withstand moderate physical activity throughout the workday (standing, walking, reaching)
Ability to sit for extended periods of time
Ability to lift or move up to 25 pounds on occasion
Ability to maintain attention and concentration for extended periods of time
Ability to work overtime when required to meet deadlines
Work environment – The noise level is usually low to moderate.
Minimum Qualifications (education, Experience, & Skills)
High School Diploma, GED or Equivalent
Minimum of three years current loan administration and/or related work experience
Ability to read, interpret, and respond professionally to internal and external customer correspondence. Ability to speak effectively and clearly in response to internal and external customer requests and inquiries.
Ability to calculate figures and amounts such as rates, interest, and percentages.
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems and find solutions acceptable to all parties.
Computer literate – knowledge of Microsoft Word and Excel – DNA & Nautilus software a plus
Ability to handle day to day tasks with minimal supervision
Ability to work in fast paced, high volume environment
Excellent Customer Service Skills
Monday - Friday: 8:00 AM - 5:00 PM (40 hours per week)
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