Commercial Loan Clerk jobs in South Dakota
Commercial Loan Clerk processes loan payments and applies funds to customer accounts. Calculates and processes payoffs, and releases titles and insurance interest. Being a Commercial Loan Clerk calculates and prepares refunds for customers that submit overpayments. Responds to customer inquiries and requests for net payoff quotes. Additionally, Commercial Loan Clerk may require an associate degree or equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Commercial Loan Clerk typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
Recently Added Commercial Loan Clerk jobs
Commercial Loan Specialist I
- Central Bank
-
Brookings, SD
FULL_TIME
-
Description
POSITION SUMMARY
Commercial Loan Specialist works directly with Loan Officers to compile necessary information to underwrite, establish, and collateralize quality loans for Central Bank accurately and efficiently. Serves as a liaison between Central Bank Loan Officers, Loan Operations, and the customer regarding documentation, impending loans, loan advances, payments, and payoffs. This position also serves as a backup for the completion of accurate and organized loan committee meeting minutes. Works in conjunction with the Credit Department to ensure loan presentations are organized in preparation for the committee meetings.
Essential Duties And Responsibilities
The essential functions include, but are not limited to the following:
Loan Administration 45%- Initialize customer files and compile necessary documentation to complete loan underwriting and processing.
- Request loan documentation through software or third-party vendors including but not limited to ordering appraisals, title work, and releasing collateral, all of which may have required notifications and timeframes.
- Complete construction draws after collection of lien waivers, inspection and appropriate approval is documented.
- Review customer files to ensure proper documentation has been obtained, including but not limited to Customer Identification Program, OFAC, Entity documentation, Beneficial Ownership, Credit Bureau, Joint Intent, Disclosures, Flood Certifications, HMDA, Security Agreements, Real Estate Mortgages, Insurance, Real Estate Taxes, and UCC Filings.
- Present completed Commercial Loan Checklist to Gatekeeper for underwriting and Credit approval.
- Collaborate with loan officers on new loans, refinances, and modifications to determine best structure and how to collateralize properly and perfect our lien.
- Notify Loan Officer of any deficiencies.
- Manage closing calendar to schedule, coordinate, and complete loan closings efficiently.
- Assist with Loan Denials, Commercial Loan Checklists, and tickler account management.
- Compile data regarding upcoming maturities, past dues, and exceptions. Obtain necessary documentation and consult Commercial Loan Officer when needed.
- Verify all file documentation has been obtained, is in our computer system, and is properly signed with renewal information and expiration dates set appropriately.
- Request and communicate with customers, accountants, and attorneys regarding questions on financials, business structure and other essential documentation.
- Respond to customer with loan approvals and denials, as assigned.
- Respond sensitively to the needs and priorities of internal and external customers. Recognize and take appropriate action to meet their needs in a timely manner and establish an effective working relationship to gain their respect and loyalty.
- Consistently follow up and follow through for customers and teammates.
- Complete upfront quality control analysis using a checklist to verify all loan requirements have been met.
- Request Loan Closing Documents upon completion of pre-close process and appropriate approval.
- Calculate appropriate closing costs and fees.
- Perform all other duties as assigned.
EDUCATION & EXPERIENCE- Associates degree required or equivalent work experience
- Minimum of two (2) years of experience in similar job duties
- 3 Days Ago
Commercial Loan Officer
- Levo Federal Credit Union
-
Sioux Falls, SD
FULL_TIME
- DescriptionAs the Commercial Loan Officer, you'll proactively build, develop, and manage a commercial loan portfolio. You'll work to increase and maintain its asset quality by developing new and exist...
- 11 Days Ago
Agriculture / Commercial Loan Officer
- Dakota Legacy Advisors
-
Wallace, SD
FULL_TIME
- Our client is a local community bank looking to bring on an Agriculture / Commercial Loan Officer to inherit an Ag/Commercial loan portfolio due to an upcoming retirement. This position comes with exc...
- 23 Days Ago
Commercial Loan Operations Specialist
- Dacotah Bank
-
Aberdeen, SD
FULL_TIME
- Job Summary:The Commercial Loan Operations Specialist supports the commercial lending function by preparing documents, onboarding, and imaging commercial loan documents. They will perform tasks relate...
- 23 Days Ago
Agriculture / Commercial Loan Officer
- Dakota Legacy Advisors
-
Piedmont, SD
FULL_TIME
- Our client is a local community bank looking to bring on an Agriculture / Commercial Loan Officer to inherit an Ag/Commercial loan portfolio due to an upcoming retirement. This position comes with exc...
- 24 Days Ago
Commercial Loan Officer
- The Executive Group
-
Sioux Falls, SD
FULL_TIME
- Commercial Loan Officer, Sioux Falls, SD Successful and growing bank in South Dakota is in need of an additional Commercial Loan Officer to handle an increasing local demand in their Sioux Falls marke...
- 2 Months Ago
Commercial Loan Clerk jobs at Popular Companies
Senior Sales Controller
- Brose
-
Auburn Hills, MI
- As a successful family-owned company on a path to global growth, the Brose Group offers challenging responsibilities and...
- 6/11/2024 12:00:00 AM
Commercial Assistant
- Network Rail Consulting
-
- About us Network Rail Consulting (NRC) is the international consultancy arm of Network Rail – the owner and operator of ...
- 6/11/2024 12:00:00 AM
Administrative Assistant / Commercial Loan Clerk
- First Capital Finance/Florida First Capital
-
Jacksonville, FL
- Full-Time Administrative Assistant / Commercial Loan Specialist Industry: Non-profit organization specializing in SBA 50...
- 6/10/2024 12:00:00 AM
Commercial Administrative Assistant
- International Bank of Commerce
-
Port Lavaca, TX
- IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects ...
- 6/10/2024 12:00:00 AM
Commercial Administrative Specialist
- Snider Fleet Solutions
-
North Charleston, SC
- People who want to do a great job want to work for a company that values that dedication. We do. Snider Fleet Solutions ...
- 6/8/2024 12:00:00 AM
Commercial Administrative Assistant
- City National Bank
-
Charleston, WV
- Equal Opportunity Employer, Including Disability/Vets Summary Description Assists Relationship Managers by managing admi...
- 6/7/2024 12:00:00 AM
Administrative Assistant
- Lakeland Financial Corporation
-
South Bend, IN
- Salary Range: Starting at $18.75+ (pay is reviewed after 90 days) Are you a detail-oriented individual that enjoys organ...
- 6/7/2024 12:00:00 AM
Administrative Assistant - Commercial Real Estate
- Colliers International Group, Inc.
-
Birmingham, MI
- Administrative Assistant, Real Estate, Commercial, Administrative, Estate, Assistant, Property Management
- 6/7/2024 12:00:00 AM
About South Dakota
South Dakota (/- dəˈkoʊtə/ (listen)) is a U.S. state in the Midwestern region of the United States. It is named after the Lakota and Dakota Sioux Native American tribes, who compose a large portion of the population and historically dominated the territory. South Dakota is the seventeenth largest by area, but the fifth smallest by population and the 5th least densely populated of the 50 United States. As the southern part of the former Dakota Territory, South Dakota became a state on November 2, 1889, simultaneously with North Dakota. Pierre is the state capital and Sioux Falls, with a populat...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Clerk jobs
$36,609 to $47,177