Commercial Loan Coordinator I - Grand Rapids, MI
Commercial Loan Coordinator I - Grand Rapids, MI
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1 Vacancy
Job Description
Job Title:Commercial Loan Coordinator I
Primary Location:Grand Rapids MI
Employee Status: full-time hourly
Estimated Hours/Week:38
Remote: No
What Youll Get: (note varied offerings based on role and hours)
Weekly Pay
Comprehensive Health & Wellness package including Medical (with prescription coverage) Dental and Vision
Matching Health Savings Account Contributions Dependent Care flexible spending account (FSA)
Retirement options like 401 (k) with company match and pension
Paid time off: Vacation Personal days paid holidays paid volunteer time sick days & flex time
Tuition reimbursement
To see a full list of our benefit offerings check out this helpful guide!
About this position:
The Commercial Loan Coordinator I is responsible for completing administrative responsibilities within the Commercial Lending Department including opening memberships contacting insurance companies processing fundings and administration of various reminders and requirements.
What youll do:
Processes loans and gathers documentation including opening memberships pulling flood certifications pulling Uniform Commercial Code (UCC) searches contacting insurance companies to obtain proofs of insurance processing loan fundings via wire requests and ordering loan payoffs to facilitate loan closings.
Documentation: Images credit and collateral files maintaining a consistent order. Collects insurance policy renewals based on company guidelines. Completes real estate collateral tax payment verifications semi-annually. Completes compliance tracking for commercial loans including HMDA and Reg B reporting.
Loan Payments: processes loan payoffs payments and line of credit advances and obtains appropriate collateral discharges for paid off loans and removes associated reminders from the system. Addresses overdraft and NSF items on a daily basis communicating with the Lender and Item Processing/ACH departments.
Administration: Establishes collateral tracking reminders and all financial reporting requirements; updates financial statement reminders when received from borrowers; completes member credit inquiries; tracks collateral exceptions to obtain necessary documentation; collects and processes mail on a daily basis. Updates the core operating system as required with internal codes and tracking dates. Coordinates changes/additions on credit card accounts working with the member and Credit Card Department.
Completes special projects including but not limited to IT testing billing issues accounting general ledger tracking and reconciliation and special asset loan tracking.
What Youll Bring:
Minimum of 1-3 years of similar or related experience preferably with a focus in finance loan processing or accounting.
Experience using Suntell SilverLake and LaserPro software a plus.
Experience using online accounts including BS&A software CSC and UCC filing sites a plus.
Experience in HMDA and Reg B reporting a plus.
Who We Are:
Were proud of our past thrilled with our present and couldnt be more excited about our future! Lake Michigan Credit Union has grown to become one of the largest credit unions in the nation with our headquarters in West Michigan.
As a credit union LMCU is a not-for-profit institution owned by its members instead of corporate stockholders. We are accountable directly to our members and they directly share in our success benefitting by lower and fewer fees better savings and checking interest rates lower cost mortgages and a host of other advantages that simply dont exist at traditional banks.
Its about always doing whats best and right for our members - it guides everything we do.
From friendly knowledgeable and professional employees who greet you by name to offering stellar value at every turn LMCU works for its members.
Working with LMCU you can grow and advance in your career and work with talented teams that help you become better each and every day. As an employee you can have confidence in knowing your work is having an impact by supporting our mission of serving our members lifetime financial needs.
Youll be encouraged to innovate and excel and were committed to your empowerment as an employee providing ongoing training development support and opportunities for you to achieve your career goals.
Have additional questions about the role
You may email us at: .
If you lack access to the internet or internet connectivity or have a disability that hinders your ability to apply online please choose one of the following options to obtain assistance:
Call us at:
Mail your resume to: 5664 Prairie Creek Drive Caledonia MI 49316
Please Note: These options are reserved for use by individuals requesting an accommodation as a candidate. Information received via these options will be routed to our HR team who will provide appropriate assistance to facilitate the completion of LMCUs online application.
Required Experience:
IC
Employment Type
Full-Time
