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)
Role:
Works closely with the loan team, preparing files to be scanned into the system for consumer, mortgage, and business lending. Assists members with loan requests. Provides clerical and administrative support. This is an entry level position.
Essential functions and responsibilities:
Performance measurements:
1. Produce accurate and complete loan documentation and reports.
2. Maintain complete and well-organized files and records. Submit required reports by established deadlines.
3. Ensure compliance with all applicable Credit Union policies, procedures, and regulations.
4. Provide informed, prompt, accurate service, and support to all members and associates. Troubleshoot and resolve member and internal inquiries in a timely and accurate manner, communicating the resolution to affected parties.
5. Develop and maintain a thorough knowledge of Credit Union loan products, policies, procedures, standards, and applicable state and federal government rules and regulations.
6. Maintain a professional work environment and businesslike appearance.
Knowledge and Skills:
Experience: One to three years of similar or related experience
Education: (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
Interpersonal Skills: Work involves contact with persons beyond immediate associates regarding routine matters for the purpose of giving or obtaining information which may require some discussion. Outside contacts take the form of service to the public (members or vendors), requiring ordinary courtesy in providing assistance and information.
Other Skills: Must be able to jump from task to task and comfortable with interruptions. General office equipment such as calculators, computers, photocopiers, and scanners. Demonstrates carefulness about detail and thoroughness in completing work tasks. Working knowledge of administrative and clerical procedures and systems such as Microsoft Word, Excel and Outlook, managing files and records, and designing forms, and other office procedures and terminology.
Physical Requirements: Ability to sit for long periods of time. Ability to spend long periods of time looking at a computer screen. Repetitive movement frequently required using wrist, hands and fingers. Ability to lift and/or move up to 30 pounds.
Work Environment: General office environment
Job Type: Full-time
Benefits:
Schedule:
Ability to Commute:
Work Location: In person