SeattleRecruiter Since 2001
the smart solution for Seattle jobs

Commercial Loan Coordinator

Company: WaFd Bank
Location: Seattle
Posted on: January 12, 2021

Job Description:

The Loan Coordinator will work with Commercial Loan Processing, Relationship Officers, Relationship Managers, Directors and Division Managers to obtain necessary documents from clients to prepare a complete and accurate set of loan documents. The level of experience varies based on prior work experience, both inside and outside of the Company.Loan Coordinators provide operational support to Commercial Banking Officers in the ongoing management of Washington Federal's portfolio of commercial loans as it relates to loan origination and funding, construction draw administration, compliance monitoring, regulatory adherence, collateral perfection, recordation and valuation, as well as general loan administration.Washington Federal is proud of the high value that we all place on simply being nice when serving our co-workers and clients.* Builds and maintains productive relationships with existing clients.* Prepares correspondence to prospective clients.* Initiates credit and title reports, and appraisal orders for review by the Department.* Responsible for processing and closing loans according to the Bank's policies and procedures and regulatory guidelines.* Participates in business development and referral activities.* Coordinates with Commercial Loan Processing to provide all required loan documents necessary to perfect our security interest, as required by Credit Administration.* Delivers excellent customer service to the internal customers in the execution of all assigned business processing duties and within service level standards.* Opens escrow with title/escrow companies and sets up escrow files; orders payoffs.* Coordinates and facilitates initial loan booking/funding; reviews and approves loans and documents and resolves any title or other issues prior to loan closings* Coordinates with in-house experts or outside legal counsel on technical transactions.* Sets up the loan file, including preparation of loan documentation.* Coordinates closing with the escrow company.* Prepares boarding instructions.* Follows up on funding requirements and on any post-closing required loan documentation.* Follows the Bank's Information Security policies, ensuring that all customer information and confidential bank information is processed and handled in a secure manner and environment.* Completes special projects, as assigned by Manager.* Provides administrative and operational support to lending personnel, including clerical duties, related to loan closing and funding, weekly construction draw administration with subsequent loan advances and borrowing base tracking.* Responsible for loan (relationship) exception tracking, identifying, curing and evidencing with proper file documentation.* Manages local online file storage and document management (i.e., OnBase).* Maintains corresponding insurance files for all borrowers and loans (including, but not limited to, Builder's Risk and General Liability policies).* Assists with field audits as it relates to collateral monitoring, as requested.* Reviews and balances HUD-1 closing statements for verification of accuracy; approves funding disbursements and initiates initial funding wires, etc.* Reconciles, verifies and implements monthly unit interest billings for applicable Guidance Lines of Credit.* Prepares annual property tax payment audit.* Reviews, balances and maintains record-keeping for all legal and professional billings, including timely submission for payment, and obtaining appropriate approval documentation for all expenditures.* Facilitates recommendations to divisional management for policy inconsistencies and recommended revision implementation.* Communicates status of loan portfolio to management, including level of exception reporting, past due collections and loan maturity management.* Oversees daily teller drawer; loan disbursement balancing and management.* Adheres to all regulatory policies including BSA, CIP, IT, etc.Education/Skills/Training:* Bachelors Degree, or High School equivalent plus relevant experience* A strong understanding of business lending terminology is required.* Ability to comprehend business loan supporting data and related data, including appraisals, environmental reports, title reports, borrower structures, leases.* Ability to organize and prioritize work assignments in a consistent manner to ensure timely and efficient production.* Ability to deal effectively and professionally with internal and external customers.Experience:* Preferred three years of experience in business loan processing and documentation.

Keywords: WaFd Bank, Seattle , Commercial Loan Coordinator, Other , Seattle, Washington

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Other Other Jobs


Urgent Hiring - Assemblers in Redmond, WA 98052
Description: Manpower is hiring Assemblers in Redmond, WA 98052 What's in it for you Temp to Permanent Opportunity after 3 months. 1st Shift, 2nd Shift, and 3rd Shift available. Competitive pay rate offered: (more...)
Company: Manpower
Location: Redmond
Posted on: 01/20/2021

In Home Care Companion
Description: If you're someone who wants to work somewhere that you enjoy spending your time, we have the In Home Caregiving position for you Care In Homes believes that
Company: CareInHomes
Location: Lacey
Posted on: 01/20/2021

Make up to $21/hour - Deliver with DoorDash
Description: Your time. Your Goals.What is DoorDashAvailable in over 4,000 cities in the U.S., Canada, and Australia, DoorDash is about connecting people with possibilities: bigger savings accounts, wider nets, stronger (more...)
Company: Doordash
Location: Olympia
Posted on: 01/20/2021


Deliver Food with Uber - Flexible Gig
Description: Job DescriptionDeliver with Uber. Earn on your schedule. Deliver with Uber Eats on your schedule. Deliver for a few hours in the mornings, every night, or just on weekends--it's up to you. Earn Extra (more...)
Company: Uber Eats
Location: Lacey
Posted on: 01/20/2021

High Demand For Quality Roofers - Get New Clients In Your Area
Description: Over 25 million homeowners have trusted HomeAdvisor 1800Contractor to help them find quality professionals with the expertise to turn their home improvement
Company: HomeAdvisor
Location: Redmond
Posted on: 01/20/2021

Deliver with Uber Eats - Great for Students
Description: Job DescriptionDeliver with Uber. Earn on your schedule. Work on your schedule. Deliver for a few hours in the mornings, every night, or just on weekends it's up to you. Earn Good Money. You'll
Company: Uber Eats
Location: Kirkland
Posted on: 01/20/2021

High Demand For Quality Painters - Get New Clients In Your Area
Description: Over 25 million homeowners have trusted HomeAdvisor 1800Contractor to help them find quality professionals with the expertise to turn their home improvement
Company: HomeAdvisor
Location: Redmond
Posted on: 01/20/2021

Make up to $21/hour - Deliver with DoorDash
Description: Your time. Your Goals. br What is DoorDash br Available in over 4,000 cities in the U.S., Canada, and Australia, DoorDash is about connecting people with possibilities: bigger savings accounts, (more...)
Company: Doordash
Location: Olympia
Posted on: 01/20/2021

Product Demonstrator
Description: Job DescriptionPart Time Event Specialist Are you outgoing and enjoy interacting with people If promoting brand awareness through product demonstration sounds appealing, then our Part Time Job is the (more...)
Company: Target
Location: Redmond
Posted on: 01/20/2021

Get New Handyman Work Today - Preview Leads In Your Area
Description: Over 25 million homeowners have trusted HomeAdvisor 1800Contractor to help them find quality professionals with the expertise to turn their home improvement
Company: HomeAdvisor
Location: Redmond
Posted on: 01/20/2021

Log In or Create An Account

Get the latest Washington jobs by following @recnetWA on Twitter!

Seattle RSS job feeds