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Ascend Federal Credit Union · 9 hours ago

Commercial Servicing Specialist

US-TN-Murfreesboro

Full-time

Onsite

Mid Level

3+ years exp

Ascend Federal Credit Union is the largest credit union in Middle Tennessee, focusing on the expansion and diversification of its member services. The Commercial Servicing Specialist will work with the Commercial Lending Servicing team to maintain and service commercial loans, ensuring accurate processing and administration of loan documentation and transactions.

BankingConsumer LendingFinanceFinancial ServicesLendingRetirement

Responsibilities

Is responsible for timely and accurate boarding of closed loans

Must be extremely organized in thoughts and ability to comprehend and follow established boarding procedures

Reviews all terms and conditions of executed loan documentation and proactively questions when any documentation is outside the norm

Must be able to book all business loan types utilizing the credit union’s preferred loan origination system

Verify underwriting and closing conditions are cleared reporting any exceptions through established procedures

Disburse MBL loans after review of completed audit disbursement, loan reconciliation and documentation from loan settlement

Process loan related invoices as needed

Establish, monitor and maintain post-close and non-financial ticklers with continued follow up until all outstanding issues are resolved

Verify accuracy of portfolio loans and associated collateral entries

Create and organize collateral paper files and electronic documentation files according to established procedures

Responsible for monitoring an assigned portfolio of commercial loans to ensure audit readiness

Post transactions including payments, pay downs, payoffs, advances, and loan maintenance

Monitor, coordinate and process loan payoffs and associated collateral releases and partial releases

Assist with maturing loan monitoring and processing

Process modification and extension requests for existing loans

Monitoring of delinquencies and participate in collection efforts

May assist with construction loan monitoring and draw request processing

Answer questions for Business Solutions staff and members concerning loan servicing issues

Qualification

Commercial loan documentationLoan administration softwareCore operating systemsMicrosoft OfficeLoan operations experienceAnalytical skillsInterpersonal skillsAttention to detailCommunication skills

Required

High school graduate or equivalent

Two years of experience in loan operations or servicing

Demonstrated ability to understand and interpret loan documentation

Good analytical and problem solving skills

Interpersonal skills that invoke a team approach and cooperative attitude

Advanced knowledge of core operating systems

Working knowledge of Microsoft Office applications and proficiency with departmental loan administration software

Strong attention to detail

Must be a self-starter working through responsibilities to completion under minimal supervision

Ability to adapt to a fast-paced environment with frequent changes in duties and processes while appropriately prioritizing tasks

Committed to learning the 'why' behind processes for knowledge, improved processes, and better communication

Sound oral and written communication skills

Demonstrates a competent grasp of the Board of Director's Commercial Loan Policy and MBL Procedures with adherence to those policies and procedures and regulatory requirements

Regular and reliable attendance is required