Arvest Bank · 6 hours ago
Commercial Loan Assistant 1
Yellville, AR
Full-time
Onsite
Entry Level
$20/hr - $24.95/hr
2+ years expArvest Bank is seeking a Commercial Loan Assistant 1 to support one or more lenders with less complex commercial loans. The role involves assisting commercial loan customers, reviewing loan documents, and ensuring compliance with bank policies and regulations.
BankingFinanceFinancial Services
Responsibilities
Assist commercial loan customers both in person and via phone calls
Assist Commercial Banker in obtaining corporate entity information, and related loan documentation, including but not limited to, title searches/commitments, UCC searches, and flood determinations, appraisals for new loans
Review loan documents prior to closing (legal descriptions, closing dates, loan documents prepared in-house or by legal counsel, etc.) and close loans with customers. Serve as liaison with legal counsel, borrower and third party vendors in coordinating receipt and review of required documents to expedite closing process
Obtain credit information and ensure sufficient loan collateral on commercial loans
Recognize selling opportunities and effectively cross-sell bank products and make referrals
Perform post-closing reviews to ensure that loan files contain documents with proper signature, dates and other relevant data
Disburse loan funds after closing and image loan documents within established timelines. Provide on-going support to foster customer relations. Ensure on-going maintenance of loans in the system to meet customer’s and the bank’s needs
Communicate with Group Appraisal and Consolidated Loan Support (CLS) regarding the processing of loans. Provide information in an efficient manner so loans can be processed timely for customers. May also communicate with Consumer Loan Underwriting (CLU) on consumer loans
Work the Technical Exceptions (TE) list to ensure that bank security interests in the files are perfected in a timely manner
Annually obtain updated financial information and insurance to support outstanding loans
Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity
Cross-sell other services of the bank
Support and uphold the Arvest Mission Statement
Uphold the Arvest Code of Ethics and ensure that confidential information is safeguarded
Maintain a high level of cooperation and rapport with all associates in order to ensure accurate and efficient operations and service
Formulate and communicate new ideas and suggestions that will improve profitability and efficiency for the bank's overall operation
Promote professionalism at all times
Qualification
Required
High school diploma or general education degree (GED) required
Successful completion Fundamentals of Commercial Lending or ability to obtain within 90 days required
2 years banking or equivalent related experience required
Working regulatory knowledge such as privacy, safeguarding customer information, Regulation B, Equal Credit Opportunity Act, Regulation Z, Truth in Lending, CRA, HMDA, and flood regulations required
Current NMLS SAFE Act Registration or the ability to be registered within 30 days required
Preferred
Previous loan experience preferred
AA/AS degree preferred
Arvest experience preferred
Benefits
A comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits
Company
Arvest Bank
Arvest Bank is a community-based financial institution serving more than 110 communities in Arkansas, Kansas, Missouri and Oklahoma.
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
M
Matt Machen
President & COO
Y
Yurik Paroubek
Chief Operating Officer
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