Commercial Loan Coordinator I

Job Details
Level:    Entry
Job Location:    Mason Main Office - Mason, MI
Position Type:    Full Time
Education Level:    High School
Salary Range:    Undisclosed
Job Shift:    Day
Job Category:    Banking

Description

JOB DESCRIPTION

Commercial Loan Coordinator

JOB SUMMARY: 

The Commercial Loan Coordinator (CLC) will work with the Commercial Relationship Manager and their client to provide an efficient loan closing experience.  Under the direction of the Commercial Loan Documentation Manager, the CLC will act as the primary point of contact for all parties during the commercial loan closing process, requesting the necessary documentation and third party due diligence to ensure all loan approval conditions and documentation standards are met.  Upon completion of all necessary pre-work, the CLC will prepare the appropriate loan documentation for closing subject to final review by the commercial closing team.  As with all parts of the position, the goal of the Commercial Loan Coordinator will be to deliver on the Dart Bank niche of "Fast & Reliable, Relationship Banking."

JOB DUTIES:

1. Upon receipt of new loan approvals (new money & renewals) from the CLDM, the Commercial Loan Coordinator will complete a review of the approval document and provide a pre-closing checklist to the CRM and Borrower detailing all items necessary for loan closing transaction to be finalized. 
2. Will order and / or monitor delivery of third-party due diligence such as title work, insurance, UCC statements, flood certificates, etc. 
3. Coordinate with various teams to ensure that appraisals, environmental due diligence, pre-closing construction reviews are completed within agreed upon timelines.    
4. Will request the appropriate documentation from the client and guarantors to substantiate corporate authorities, etc. 
5. Prepares Beneficial Ownership forms for review and execution by the client.
6. Once all necessary pre-closing requirements are met, the Commercial Loan Coordinator will prepare the necessary loan documents to complete the loan transaction.     
7. If necessary, the CLC will work their manager or the Commercial Loan Operations Officer to have outside counsel prepare a loan closing package to Bank standards.
8. Submits the finalized loan closing package for review by the Commercial Closing Specialist for review and final clear to close authorization.    
9. Delivers a closing packet to the Commercial Relationship Manager via traditional or electronic means for closing with all necessary items to complete the loan transaction.
10. Processes all loan advances, funding, and wires upon successful loan closing. 
11. Prepares a complete post-closing package for delivery to Commercial Loan Servicing team in order for them to board, track, and image the transaction into the core record keeping systems.  This may include any completing regulatory required documentation, HMDA / HVADC / CRE, etc.
12. Maintains high levels of transparency regarding delivery expectations and remaining items necessary
13. Performs a variety of other duties as assigned.
14. Adheres to all Federal and State laws and regulations, including the Bank Secrecy Act.

ESSENTIAL FUNCTIONS:

1. Mobility
2. Use of Hands
3. Vision
4. Communication in all industry appropriate methods
5. Technologically savvy

JOB SPECIFICATION:

Education:      High School or equivalent.

Skills: Strong critical thinking and customer service skills.

Experience:     Previous experience with loan documentation preferred but not required. 

ACCURACY AND ACCOUNTABILITY:

Measured by the timely completion of assigned duties.

SUPERVISED BY:

Commercial Loan Documentation Manager

SUPERVISES:   

None
None

Dart Bank has an immediate opening for a Commercial Loan Coordinator.  Dart Bank is a community bank, serving our community since We specialize in providing financial services, but we are passionate about serving the community and building real relationships with people.  Dart Bank provides innovative financial services for both personal and business banking, consumer and mortgage loans, commercial loans and lines of credit, merchant credit card processing, investment services and more. Our array of products and services and our longstanding history within our communities shows we care about what matters most for our customers and we are there for them for the most important times in their lives.  Dart Bank. For What Matters Most.

 We offer:

• Medical Benefits
• Dental
• Vision
• 401(K) Employee Stock Ownership Plan
• Paid vacation & sick time
• Flexible scheduling
• Employee Assistance Program
• Dart Bank University

At Dart Bank you can expect to be surrounded by a team that will support you and invest in your growth in a quick-paced work environment where we delivery exceptional customer service.  We are a local business that cares about our employees and our community.

The Company is committed to providing equal opportunity in employment, maintaining a diverse workforce, and prohibiting all forms of unlawful discrimination and harassment. 

All employment decisions, policies, and practices, in terms of the recruitment process and other conditions and privileges of employment, will comply with applicable federal, state, and local anti-discrimination laws.  The Company seeks, employs, promotes, and compensates qualified individuals based on ability, as demonstrated by performance and other legitimate non-discriminatory factors, without regard to race, color, religion, national origin, citizenship, ancestry, sex (including sexual orientation, gender expression, and gender identity), age, physical or mental disability, pregnancy, genetic information, military status, veteran status, or any other protected status under federal, state (in Michigan: marital status, familial status, height, weight, and misdemeanor arrest record), or local law (individually and collectively, "Protected Class"). 

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