At the Commerce Bank of Washington, we believe that delivering exceptional service to our clients is the single most important function we perform in our role as bankers. We are dedicated to enriching professional, nonprofit and business organizations by providing them and their principals with highly personalized banking and financial services from experienced bankers committed to long-term banking relationships.
We are looking for a Middle Office Loan Specialist in a Remote capacity . This role works directly with lending teams to collect, review and distribute approved loan due diligence items necessary for loan documentation preparation.
Essential Functions:
Work directly with lending teams to collect, review and distribute approved loan due diligence items necessary for loan documentation preparation.
Ensure appropriate fees and expenses are recorded accurately.
Notify lending team of missing/incorrect items requiring action.
Work directly with loan operations to ensure loan documents are prepared in accordance with credit approval, loan documentation standards and regulatory requirements.
Review executed loan packages for accuracy and to ensure compliance with regulatory and policy requirements.
Ensure appropriate approval and/or waivers and exceptions are obtained.
Submit the final loan package to loan operations for funding and boarding.
Other duties as assigned.
Qualifications:
Requires a High School degree or Equivalent and 1+ year of loan documentation and review, closing or other directly related experience. A combination of education and experience may meet requirements.
Working knowledge of general loan documentation, loan closing processes and procedures, lending policies, compliance and lending regulations.
Ability to review, read and interpret loan documentation.
Knowledge of due diligence and risk management requirements.
Must be accurate and detail oriented.
Ability to multi-task and meet deadlines.
Must have good problem and communication skills, both verbal and written.
Working knowledge of PCs and various word processing, spreadsheet or related software.
Benefits:
Medical, Dental and Vision Insurance – START DAY ONE!
Life and Disability Insurance, Paid Paternal Leave, and Adoption Assistance
Health Savings (HSA), Flexible Spending (FSA), and dependent care accounts
Paid Training, Paid Time Off (PTO), and 11 Paid Federal Holidays
401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
Mental health benefits, including coaching and therapy sessions
Tuition Reimbursement for qualifying employees
Employee Ambassador preferred banking products
This position is eligible to earn a base salary in the range of $75,000 - $85,000 depending on job-related factors such as level of experience and location.
Req ID: 068007
Equal Opportunity Employer
It is the policy of this corporation to provide equal employment and advancement opportunities to all employees and applicants for employment, without regard to race, color, religion, age (40 and over), sex, pregnancy, gender, disability, national origin, ethnic background, citizenship, veteran status, sexual orientation, gender identity and expression or any other characteristic protected by applicable law. This policy is established and administered in accordance with all applicable federal, state, and local laws.
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