This position reports to Loan Operations Quality Control Manager.
Basic Function Provide support to the Bank's loan function by reviewing new/renewed loans; reviewing loan advances, payments, and rate changes; and processing paid loans.
Job Duties Perform basic loan servicing functions for a variety of loan types (Commercial Real Estate; Commercial and Industrial; Consumer) Apply payments and advances to loans Act as servicing agent for participated/syndicated loan transactions Perform servicing for troubled loans, i.e., non-accruals, OREO, and charge-offs Pay invoices Pay real estate taxes Process paid loans Prepare payoff letters Prepare release deed if necessary and send for recording Review new and renewed loans Review new and/or renewed loans on the Fiserv system against boarding data Responsible for maintaining original loan documents and files in the collateral vault Answer client inquiries regarding loan balance, transactions & payoffs Transfer money between accounts Prepare wire transfer requests Research and correct errors Audit data entry of new and renewed loans Perform maintenance as needed Scan key loan documents Audit all previous day's servicing activity Correct errors as found Perform reconciliation process for GL accounts Monitor hazard and flood insurance Contact agents/borrowers to obtain current certificate of insurance Update weekly insurance tickler report Add lapsed insurance coverage to force placed insurance program Perform additional departmental duties such as: Order credit reports, title work and/or flood searches Assist with Board reports Update Procedures Input CRA/HMDA information into the FFIEC CRA/HMDA data entry software Assist in the processing of construction draws Update collateral & insurance report Prepare Subordinations of lien Provide notary services Monthly insurance monitoring Monthly available commitment report monitoring Collateral maintenance for tax certificates secured loans Review daily reports Update loans secured by stock/bonds/investment accounts report Input Customer Due Diligence and Beneficial Ownership information into BAM+ Nonessential Duties Other duties as assigned Knowledge, Skills & Abilities Detail oriented Basic accounting knowledge Working knowledge of Bank regulations preferred Training & Experience High School diploma or GED 0-2 years banking experience Microsoft proficiency Fiserv application experience helpful College degree helpful First Bank Chicago is an Equal Opportunity Employer: disability/veteran Crain's Chicago Best Places to Work
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