Job Information
Connecticut Community Bank Commercial Loan Service Assistant in Farmington, Connecticut
Position Summary:
Support loan operations and lending activities for both commercial and consumer loan portfolios
Qualifications Required:
High School/GED diploma
Minimum three years experience with commercial loan servicing
Proficiency in using Excel, Word, Outlook, CORE DNA and other applicable software
Basic Accounting Skills
Essential Functions and Responsibilities:
Accurately input all commercial/consumer loans, etc. in the CORE DNA system
Perform quality control reviews of loan bookings, etc.; resolve issues identified
Process loan fees and costs in accordance with standard accounting practices
Update borrower information in collateral and/or credit files as required
Complete approved/authorized loan maintenance requests, etc. received from Lending
Process line advance requests; verify availability, proper approval and compliance with loan conditions
Produce and verify loan billings and notices and review for accuracy prior to mailing
Process payoff requests in a timely manner ensuring conditions are met such as pre-payment penalties
Monitor paid loans, execute releases of collateral and return appropriate documentation to borrowers
Assist lending staff and customers with questions and issues regarding loans
Process loan payments accurately and timely in accordance with payment schedule
Service Banks portfolio of pool loans, purchased mortgages and
portfolio of SBA loans
Reconcile various daily, weekly, monthly and quarterly reports including general ledger
Inform Manager of any issues or discrepancies found
Assist in the monitoring of collateral files, etc.
Inform Lending Officers of documentation deficiencies and defects
Assist with the origination of letters relating to insurance renewals, etc.
Assist with updating CORE DNA system with insurance renewal policies, appraisals, UCC filings and recorded documents
Assist Manager with internal and external auditors and examiners audit requests