Sr. Processor - Commercial Loan

Position Title: Senior Commercial Loan Processor

Position Summary:

The Senior Commercial Loan Processor works independently and is responsible for processing complex to advanced loans. Responsible for collecting and validating all documentation, ensuring effective operations while adhering to regulatory compliance guidelines as defined by commercial loan standards. Acts as a role model for the Commercial Loan Processors.

Essential Duties and Responsibilities:

Responsible for processing complex commercial conventional, construction-to-perm, participation loans, and government guarantee loans. Performs peer review of loan files prior to hand off for closing and funding. Assumes periodic responsibility in the closing and funding of complex loan files at peak times, including preparing attorney closing instructions, reviewing loan documents, closing statements, and due diligence items. Assumes periodic responsibility in the boarding of complex loan files, including onboarding borrowers, guarantors, loans, escrow accounts, collateral and fees on the core loan system in accordance with the credit agreement. Ensures the credit union's lien is perfected on related collateral. Manages and reviews loan pipeline daily. Acts as a liaison and maintains communication between the Commercial Loan Officer and all parties relevant to the loan (borrower, underwriting, appraisal, environmental, etc.). Maintains daily communication with all parties that are relevant to the loan. Obtains all documentation required to complete the commercial loan transaction within required timelines. Reviews and evaluates purchase contracts, appraisals, and title documents according to policy and guidelines. Confirms all information on loan application, coordinates with the underwriter and document preparation firm, confirms anticipated closing date and prepares loan file for closing process. Monitors and keeps current with NCUA, TCUD, Small Business Administration (SBA), and Uniform Commercial Code (UCC) rules and regulations. Assists management with compiling and producing periodic reporting Takes accountability and creates ways to provide a best-in-class member experience.

If applicable, please provide:

# of Direct Reports:

0

# of Indirect Reports:

0

Financial Responsibility: (Indicate type and amount of budget, sales volume, etc. for which this position is responsible)

$

Minimum Qualifications:

Education:

Associates degree or an equivalent mix of education and experience is a requirement.

Licensure:

NA

Experience:

• Four or more years of job-related experience including familiarity with documenting and processing complex to advanced commercial construction, mortgage, and participation loans (commercial loan experience required).

Knowledge, Skills, and Abilities:

• Ability to work both remotely and collaboratively and maintain efficiency in either environment.
• Strong interpersonal written and verbal communication skills and strategic and creative thinking abilities.
• Team leadership and development skills.
• Demonstrates effective time management.
• Prioritizes daily workflow to achieve results.
• Assumes responsibility for achieving results.
• Strong working knowledge of relevant software including Microsoft Office, Word and Excel.
• Ability to adapt to change
• Strong desire to be a part of a collaborative, team-first environment
• Strong desire to learn and has a continuous improvement mindset.

Physical Demands and Work Environment:

(The physical demands and work environment characteristics described herein are representative of those that must be met by an employee to successfully perform essential functions of this position and/or may be encountered while performing essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)

• While performing the essential duties of this position, an employee would frequently be required to stand, walk, and sit.
• Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus.
• The noise level in the work environment is usually moderate.
• Our company offers a dynamic hybrid work arrangement, which requires three days of on-site work, in the Sugar Land, TX office.

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.

Texas Dow Employees Credit Union is an equal opportunity employer, dedicated to a policy of non-discrimination in employment on any basis including race, color, age, protected veteran status, sex, religion, disability, genetic information, national origin, or other status protected by federal, state or local law. Consistent with the American Disabilities Act, applicants may request accommodations needed to participate in the application process.