Commercial Department Specialist II at Beacon Credit Union
Beacon Credit Union · Kokomo, United States Of America · Hybrid
- Professional
- Office in Kokomo
To assist members and commercial lenders with their lending needs. Responsible for completing necessary work during the application process, including but not limited to collateral valuations and narrative pieces. Will work closely with analyst, processor and lender throughout the loan process. This person will participate in ordering and reviewing both title work and appraisals and ordering document request worksheets. This person will become the primary point of contact for borrowers in situations when the lender is not available or when lender has designated this person to be the primary point of contact.
- Works directly with lender, analyst and processor throughout a loan package. Analyzes and interprets collateral values. Recommends adjustments when warranted and documents appropriately. Maintains complete understanding of approved loan package in order to evaluate completeness and accuracy of title work and appraisal. Provides complete loan and collateral detail to processor and reviews loan documents prior to borrower signing.
- Manages borrower relationships. Filters information and involves lender when necessary. Fills a vital role in maintaining borrower relations in situations when lender is out of the office or has vacated position.
- Analyzes smaller loan requests by completing short form, which includes evaluating collateral as well as analyzing both balance sheet and income statement information and making loan recommendations.
- May gather borrowers' signatures on loan documents when lender is unavailable.
- Keeps informed of current trends in commercial lending. Explains loan programs to members, evaluates their needs and communicates these needs to their lender.
- Follows current loans to ensure compliance with terms and coordinates with collections as needed.
- Performs other related duties as assigned.
