Commercial Loan Administrator Job Description
Commercial loan administrator
provides operational support for the systems that are used for a portfolio of data analytic, systems engineering, and business intelligence tools.
Commercial Loan Administrator Duties & Responsibilities
To write an effective commercial loan administrator job description, begin by listing detailed duties, responsibilities and expectations. We have included commercial loan administrator job description templates that you can modify and use.
Sample responsibilities for this position include:
Prepare all business/commercial loan documentation using loan documentation system
Ensure all required documentation related to the construction component of new loans is obtained prior to loan closing, including but not limited to construction and architect/engineer's contracts, construction budgets, and other documentation required by Policy and the Credit Approval
Maintain files with sufficient documentation for third-party review
Accurately generate all required loan documentation within the expected service level
Generate and obtain documentation related to the collateral and file all appropriate liens/holds, , to secure collateral
Prepare loan documentation to reflect approved loan terms and consistency with Bank Policy and Procedures for new loans and modifications compliance with governing regulatory authorities
Assisting underwriter staff with loan underwriting
Processing, including the detailed review of all third party reports associated with each transaction type and completing key sections of the underwriter narrative
Assisting in developing and refining underwriting systems
Supporting underwriters and senior underwriters
Commercial Loan Administrator Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Commercial Loan Administrator
List any licenses or certifications required by the position: UCC
Education for Commercial Loan Administrator
Typically a job would require a certain level of education.
Employers hiring for the commercial loan administrator job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Accounting, Finance, Business, Real Estate, Communication, Legal, Education, Associates, Construction, Business/Administration
Skills for Commercial Loan Administrator
Desired skills for commercial loan administrator include:
Education
Systems and procedures obtained through prior work experience
Operational systems and practices typically gained through extensive experience
Departmental systems and applications
Standard desktop applications used by the business unit
Documentation
Law
Letters of credit
Accounting and data systems
Borrower based lending
Desired experience for commercial loan administrator includes:
Act as SME in an advisory capacity to senior managers and lead new work
At least 1 year of work experience with loans
3-5 years of relevant commercial and real estate loan administration experience
Advanced technical expertise in loan closing and administration
Demonstrated ability to close commercial loans and administer complex commercial loan portfolios
Outstanding organizational, interpersonal and time management skills
Commercial Loan Administrator Examples
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Commercial Loan Administrator Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of commercial loan administrator. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for commercial loan administrator
- Prepare loan documentation to reflect approved loan terms and consistency with Bank policy and procedures compliance with governing regulatory authorities
- Ensures Loan documentation complies with Banks operational requirements and can be services on Banks system of record
- Work directly with loan originators to screen potential loans and complete initial sizings using the CO template and analyze for review by a MAP or LEAN approved underwriter
- Analysis of investment real estate organizational documents, financial statements, rent rolls, evidence of site control, mortgage credit, and other finance related exhibits used in connection with preparing an application package
- Performing project and comparable property inspections as assigned
- Maintenance of Sales Force
- Completion of closing handoff requirements and coordination with closing and asset management as needed
- Establish strong knowledge of the HUD MAP Guide, LEAN Handbook, handbooks, housing notices, mortgagee letters, email blasts, etc
- Learn and master all credit analysis systems and applicable bank software applications
- Takes action on times affecting the disbursement process such as change orders, sufficiency of funds, liens, set asides, restricted starts
Qualifications for commercial loan administrator
- Proficiency with personal computers and related software packages such as Microsoft Word, Excel, Outlook and other business machines
- Proficiency with personal computers and related software packages such as Word, Excel, Adobe Acrobat XI Pro, Outlook, SharePoint and other business programs
- A minimum of three (3) years prior work experience in a related financial, contracts and/or project management administration role
- Commercial real estate or loan processing background strongly desired
- Genuine desire for customer service
- Strong willingness to work as part of a team
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Commercial Loan Administrator Job Description
Job Description Example
Our growing company is looking to fill the role of commercial loan administrator. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for commercial loan administrator
- Sets up ticklers for future loan follow up on all loans assigned, regardless of loan type
- Review business entity documents including
- Act as liaison between Escrow, Title, Attorneys and all interested parties to coordinate funding and closing of Commercial Loans including but not limited to
- Review all Closing Documents prepared by Counsel with receipt of consistency letter in accordance to the credit approval and compliance with conditions precedent to closing
- Initiate disbursement, prepare wire instructions and book loans and commitments into the FIS loan accounting system with ability to determine there are no material exceptions prior to funding
- May Prepare Loan Documents on LaserPro in accordance with Bank Policy and according to the terms of the approved credit
- May prepare Lender’s Instructions
- Perform callback on loans closed and booked by others to ensure data quality
- Perfect all Collateral including but not limited to
- Follow up on post-closing exceptions and receipt of original documents
Qualifications for commercial loan administrator
- BA/ BS degree or military experience strongly preferred
- High degree of competence with Microsoft Office applications, especially Word and Excel
- Some travel and irregular hours will be required
- Ability and willingness to perform other duties as requested
- Read and comply with CO Quality Control Plan
- Excellent working knowledge of Excel and Word required
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Commercial Loan Administrator Job Description
Job Description Example
Our innovative and growing company is hiring for a commercial loan administrator. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commercial loan administrator
- Review FAM (approval document) and construction loan documentation to determine all requirements and conditions of each project
- Review all documentation for each draw requests
- Job responsibilities include review of credit approval and due diligence items and review loan documentation preparation to ensure transaction complies with Bank policy and procedures and governing regulations
- Support audit review and provide information and documentation by gathering, analyzing and summarizing data as needed
- Perform end-to-end duties to ensure successful loan transactions, including file/document preparation, due diligence review, client follow-up, and funding/boarding of loans
- Liaise with the Legal department Credit Administration on issues/policies affecting CRE transactions
- Perform other duties, responsibilities, or special projects as assigned by department management
- Utilize computer skills
- Conduct critical assessments of loan review and loan funding processes
- Gathers new account documents for opening checking accounts and coordinates this process with supporting treasury teams
Qualifications for commercial loan administrator
- Excellent team work habits and skills
- 5+ years loan processing experience required, but if you only have 2 years of loan processing experience then we will considering hiring at the Loan Administrator level
- LaserPro experience preferred
- Minimum of 3 years loan administration, documentation and closing experience
- A self starter with a lot of initiative
- Working knowledge of loan documentation, policies and procedures
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Commercial Loan Administrator Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of commercial loan administrator. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for commercial loan administrator
- Analyze various construction data and inspection reports, draw conclusions, and report findings
- Evaluate and recommend approval or denial of requests for funding
- Review reports prepared by outside consultants for compliance with Bank requirements and prepare internal memos advising lending officers of consultant's findings, disbursement of loan proceeds, or loan administration issues
- Responsible for ordering and reviewing Title Updates ("date downs") from Title Companies and identifying and communicating issues to both internal and external partners for each construction draw request
- Provides guidance on construction risk management procedures and support compliance with Bank lending policies
- Monitor compliance with the Construction Loan Policies
- Keep up to date with changes to loan policies, procedures and compliance rulings affecting real estate construction and administration
- Ensure insurance requirements are met prior to closing a construction loan and throughout the construction period, including but not limited to ensuring appropriate Hazard Insurance is obtained at completion of the project
- Develop a schedule to proactively track commercial projects under construction across the Bank footprint to ensure construction is progressing timely
- Assist in training new CLA’s
Qualifications for commercial loan administrator
- Position requires the need to work varied hours/days including occasional paid overtime as business dictates
- Minimum of 5 to 7 years of customer service experience with commercial banking, branch banking, treasury / cash management and/or mortgage
- Has knowledge in origination of loans and closing process
- Demonstrated understanding of loan booking procedures
- Excellent understanding of banking laws and functions for compliance issues
- Ability to adapt to new demands and challenges and work under minimal supervision
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Commercial Loan Administrator Job Description
Job Description Example
Our company is searching for experienced candidates for the position of commercial loan administrator. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for commercial loan administrator
- Review plans, cost review and site inspection reports from construction consultant
- Assist clients with loan payments or tax escrow issues
- Reviewing loan package for accuracy and completeness
- Reviewing loan application package for accuracy and completeness
- Partners with the Credit Executives to resolve issues that arise, and interact with line management on escalations prior to ordering documents or boarding/funding
- Reviewing loan application package
- Verifies appropriate levels of authority for loan approval
- Verify all approval information is accurate
- Prepare loan documents via STP
- Work with credit department to coordinate weekly deal screen packages
Qualifications for commercial loan administrator
- Competently utilize computer software – MS Word, MS Excel, the Internet and email are an integral part of day to day activity
- Familiarity with AFS and Baker Hill/One Point a plus
- Knowledge or experience in entertainment/syndication lending preferred
- 3-4 years experience in construction or loan administration
- Ability to perform complex tasks in Microsoft Office Products
- Utilizes independent judgment under general supervision of Loan Administration Manager