COMMERCIAL LOAN ASSISTANT - Old National Bank - Terre Haute, IN

The Commercial Loan Assistant provides primary support for the Commercial Relationship Managers (RM). The Commercial Loan Assistant (CLA) assists with numerous tasks such as gathering information for complete loan packages for submission to underwriting; requesting loan documents for loan closing: ensuring loans are documented as approved in underwriting and in compliance with Old National policies and procedures: issuing lending checks to customers: completing post-closing checklists to ensure all documents are properly executed; perfecting collateral liens through recording of documents: submitting completed documents to Loan Operations for input. The CLA is also responsible for the ongoing support of the loan file including Change in Terms, payoff quotes and collateral releases.

Responsibilities:

• Reviews loan requests and assists in gathering required items (current financials, entity documents, etc.) to prepare a complete application prior to submission to underwriting. Works with the RM and/or customer to obtain necessary information.


• Completes pre-closing tasks for new and renewed commercial and small business loans such as reviewing corporate entity documents, ordering and reviewing title search and/or title commitments, ordering and reviewing appraisals, performing required environmental due diligence according to loan policy, and review of flood certifications from online application; completes post approval in online application and submits documentation request along with all supporting documents; reviews loan documents with RM prior to loan closing and prepares customer loan packet for closing.


• Completes post-closing tasks for new and renewed commercial and small business loans such as verifying executed loan documents for all signatures, prepare loan documents for funding and booking, and complete necessary loan funding (ie., check, wire transfer or direct deposit).


• Sends complete documentation packet to Loan Operations to book loan on Signature.


• Perfects security interest in collateral through mortgage recordation, obtaining final title policies or attorney opinions, follow-up UCC searches, life insurance policies to confirm ONB’s lien, and verify holds on deposit accounts.


• Prepares and maintains collateral files and/or submit loan documents for imaging.


• Submits all third party invoices to Cor360 for payment.


• Updates commercial tickler tracking system to monitor documentation exceptions and/or trailing items. Completes floor plan and/or guidance line maintenance for additional collateral and payoffs.


• Reviews insurance tracking report (hazard and flood) for expired policies and follow up with RM and/or customer.


• Monitors daily paid loans report and evaluates need for collateral release and paid processing. Completes paid processing and prepares collateral release documents as required.


• Reviews UCC tracking report on a monthly basis and evaluates current collateral lien position to determine if UCC should be continued or can let lapse.


• Performs customer service tasks such as handling questions and requests from customers, process telephone transfer requests, sending requests to Loan Operations for research, closing loans etc.


• Performs special projects and other duties as assigned.

Qualifications:

• 1 to 3 years of prior related experience is required.


• Ability to interact with clients and third party vendors to obtain information required for loan documentation as well as obtain routine financial information.


• Proficient in Word and Excel.


• Must be a self-starter, organized, and able to multi-task.


• Must be able to meet strict deadlines.


• Must be an excellent communicator both orally and in writing.


• Strong customer service skills are required.

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