Loan Administrative Assistant - To 65K - Chicago, IL

The Position

Our client is seeking to fill a Loan Administrative Assistant role in the Chicago, IL market. The successful candidate will provide administrative support for multiple loan officers.

The position offers a generous salary of up to $65K and a full benefits package. (This is not a remote position).

Loan Administrative Assistant responsibilities include:

• Processing loan files, creating loan documents, and interacting with outside vendors to order appraisals, title work, track insurance, and obtain various standard reports or supporting documentation.
• Managing the workflow process to ensure loan requests move efficiently through all stages.
• Providing general loan servicing.
• Ordering, compiling and reviewing due diligence for new and renewed loan transactions.
• Preparing commercial loan documents and files within specified time limits to meet all crucial deadlines.
• Ensuring all loan documentation is complete, accurate, verified, and that it complies with the bank policies and state and federal regulations and policies.
• Ordering, gathering, and verifying background information on loan applicants and their business by conducting follow-up applicant interviews, obtaining credit bureau reports, business income statements, appraisals, title insurance, and other necessary verification documentation.
• Interviewing customer loan applicants to gather basic information concerning their business loan needs.
• Performing loan transactions efficiently, accurately, and in a professional manner while providing quality customer service focused on building strong business relationships.
• Tracking insurance, taxes (real estate), and borrower financial information ensuring continued compliance with all loan requirements.
• Calculating loan payoffs, processing interest payments and when the loan is paid, terminating collateral liens or holds.
• Taking the initiative to follow-up, escalate, or seek additional resources to ensure customer satisfaction in a timely manner.
• Assuming other duties and responsibilities as assigned by the manager.
• Cross-training in loan documentation.

Requirements

Who Are You?

You're someone who wants to influence your own development. You're looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• High School diploma or GED.
• Five or more years of commercial mortgage processing experience is required.
• Five or more years working in loan operations or loan documentation with specific experience in due diligence review and loan documentation.
• Experience with LaserPro required.
• Solid working knowledge of mortgage title insurance, hazard insurance, and flood insurance as they pertain to loan collateral.
• Working knowledge of real estate and equipment appraisals required for loan collateral.
• Solid understanding of the most common loan reporting requirements such as HMDA and CRA as demonstrated by the ability to collect accurate data.
• Solid understanding of the core processing system as demonstrated by the ability to accurately process monetary transactions, loan maintenance, and resolve most balancing issues.
• Solid understanding of the basic requirements for perfecting a security lien.

Benefits

The position offers a generous salary of up to $65K and a full benefits package. (This is not a remote position).

Qualification

High School or equivalent