Commercial Processing Spec

Founded in 1963 FirstBank is Colorados largest locally owned holding company and we are still growing serving customers in Colorado and Arizona. Our growth can be attributed to one simple philosophy: do right by customers communities and employees which is at the center of the companys banking for good mantra. FirstBank believes that diversity equity and inclusion are part of everything we do both within and outside our company and we take pride in hiring and training a diverse and talented group. We strive to not only maintain a diverse workforce but also ensure our employee experience garners a sense of belonging is inclusive and equitable. FirstBank believes that a company is nothing without the people that comprise it. By joining the FirstBank team you will experience our great team culture with ample opportunity for growth. Theres an opportunity for everyone with positions across the company from Personal Banker and Call Center to Technology and Lending. Apply today to learn more and join the team!

A Brief Overview

Commercial Loan Processors are responsible for ordering obtaining reviewing preparing and following up on documentation required to process commercial loan transactions. They act as the intermediary and central point of contact for branch loan personnel third parties and internal departments. This position involves considerable analysis administrative work and communication in a fastpaced environment with constant deadlines. As a Specialist you are responsible for managing your individual work queue and engaging in judgment calls and decision making.

What you will do

• This position will encompass commercial loan types varying in complexity including Business Lending CRE Construction Purchase AttorneyPrepared transactions and 1031 Exchanges.
• Review and prepare Standard to Complex complexity loan file documentation accurately and within compliance of all state and federal lending regulations FirstBank Loan Policy Appraisal Policy and Loan Committee requirements as well as internal policies and procedures.
• Conduct a thorough review of Standard to Complex complexity commercial loan file documentation prior to closing to ensure that documents are prepared accurately with proper title dates dollar amounts guarantors collateral covenants etc.
• Work closely with branch Loan Officers Loan Officer Assistants internal departments and third parties to compile understand and interpret documentation required for various types of commercial loans and requesting information from aforementioned parties asneeded.
• Ordering and follow up on items for commercial loan file documentation.
• Confirm accuracy and completeness of all items.
• Demonstrate familiarity and complete initial reviews of collateral and supplementary file documentation such as: flood determinations FirstBank Combo/Hazard statements payoff statements title commitments commercial disclosures and tax verifications.
• Complete business entity name and Uniform Commercial Code (UCC) lien searches.
• Develop and maintain the understanding necessary to research review and summarize UCC documentation to determine requirements to perfect our security interest and assist loan officer and market loan staff with resolving outstanding issues.
• Responsible for enterprisewide UCC collateral perfection including preparing and filing UCC Financing Statements following up on payoffs subordinations and terminations.
• Complete a thorough review of the weekly and monthly UCC reports.
• Work with recording agencies if various states and counties to determine proper filing requirements to ensure UCC collateral perfection.
• This includes specific required document language included in internally prepared documents as well as attorney prepared documents (covenants special terms monitoring/documentation requirements).
• Frequently communicate with Loan Officers title companies insurance agents and other 3rd parties as well as internal departments to compile the required loan documentation.
• Establish an advanced knowledge of internal loan policies commercial loan products and lending regulations as well as an advanced knowledge of commercial loan software and other internal applications.
• Review and analyze corporate collateral and supplementary file documentation to confirm accuracy completeness and compliance with federal regulations Loan Committee requirements and internal loan policy.
• Complete all requirements to perfect security interest in various types of collateral including commercial real estate accounts receivable equipment etc.
• Analyze various types of commercial loan terms and structures and ensure they are accurately depicted in the loan documents.
• Prepare loan closing documents in a timely manner to meet the set closing date.
• Communicate with outside attorneys on loan structures and review attorney prepared loan documents for compliance with Loan Committee requirements and internal loan policy.
• Train and mentor new Commercial Originations employees providing guidance and acting as a subject matter expert.
• Act as a trusted resource to Officers Loan Officer Assistants and other internal teams.
• Complete internal loan worksheets needed to accurately disburse set up monitor and report loan transactions.
• Advanced understanding of loan coding such as HMDA/CRA and call types for proper regulation reporting and internal reports and analysis.
• Perform other duties and projects as assigned.
• Understand and comply with all provisions of the Safety in the Workplace policy.

Minimum Requirements

• Typically requires a minimum of 2 years related experience

Preferred Requirements

• Working knowledge of lending principles commercial loan products and the commercial originations process.
• Ability to manage a full workload with little assistance.
• Effectively communicate guidance to other team members to ensure a quality loan product.
• Ability to see trends and anticipate wide implications; provide innovative solutions.

Knowledge Skills and Abilities

• Excellent time management and organizational skills.
• Innovative problem solving and decision making skills.
• Selfmotivated.
• Detail oriented.
• Confident working with various computer applications including Microsoft products.
• Comfort in a fastpaced office environment.
• Working knowledge of lending regulations such as Reg B HMDA and CRA and Flood.
• Complete understanding of FirstBank Loan Policy Appraisal Policy and Loan Committee requirements.
• Competency in Federal and State regulations related to lending.
• General understanding and ability to analyze CRE Business trust and lease structures valuation methods lease terms and loan covenants.
• Ability to train and develop less experienced Quality Control and Commercial Coordination staff.

Working Conditions and Physical Requirements

• Frequently remains stationary throughout a typical business day
• Frequently operates a computer and other office machinery such as a calculator copy machine and computer printer
• Occasionally moves about inside the office to access file cabinets office machinery and other rooms
• Occasionally positions self to access drawers and shelves of various heights
• Frequently reaches for and handles paperwork and files
• Constantly communicates with customers coworkers and management inperson and on the phone
• Must be able to exchange accurate information
• FirstBank does not currently offer fully remote positions except as required by law. The actual number of inoffice days that may be required will vary by business unit role and business need.

Salary Range

$24.30 Per Hour to $32.43 Per Hour

Statement of Benefits

FirstBank offers a suite of benefits that support our employees professional financial physical emotional and spiritual wellbeing. Benefits currently offered with our positions include: Paid Time Off/paid leave programs 401K/Employee Stock Ownership United Healthcare medical MetLife dental VSP vision Employee tuition reimbursement Volunteer Time Off ShortTerm Disability LongTerm Disability and Group Life Insurance/AD&D


EOE/Affirmative Action

FirstBank is an EOE/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to age race color religion sex sexual orientation gender identity national origin genetic information disability veteran status or any other legally protected characteristic. FirstBank does not permit pay inequities. Anyone who believes they have been subject to pay inequity should immediately report their concerns to the Human Resource Department.

Colorado Job Application Fairness Act

Under Colorados Job Application Fairness Act you have the right to redact from any documents that you submit in connection with your application information that identifies your age date of birth or dates of attendance at or graduation from an educational institution. Should you wish to exercise your right to redact such information please redact it prior to submitting the documentation

*This job opportunity is expected to close on 4/22/25*