Senior Loan Operations Specialist (Commercial) at Coulee Bank
Minnetonka, MN 55343
About the Job
Coulee Bank is seeking an energetic, positive, subject matter expert to provide training to our loan operations department as a Senior Loan Operations Specialist. The ideal candidate will have a strong commercial background and help contribute to the profitability and growth of Coulee Bank by providing high quality loan documentation and operational support. In addition, they will provide training and establish proficiencies in the loan operations department on behalf of the Loan Operations Manager.
** IMPORTANT: Must be able to commute to one of our local offices weekly. **
Why Work for Coulee Bank?
Coulee Bank is a family owned community bank with a long-standing tradition of excellent service with strong roots within the communities we serve. Our mission is simple: Doing the Right Thing for Our Clients & Colleagues.
- Generous Compensation and Benefits Package
- 10 paid holidays a year
- 401K Match
- Profit Sharing
- $300 Health and Wellness Reimbursement
- $100 Coulee Clothing Attire
- Tuition Reimbursement
- Paid Volunteer Time
The ideal candidate can report out of the following locations: Minnesota: Minnetonka or St. Paul OR Wisconsin: La Crosse or Onalaska. Must be able to commute to the WI or MN office multiple times weekly.
Build a career in the financial industry with pathways for advancements.
We recognize that our success is based on the quality and dedication of our team members. That's why we will continually invest in your growth by providing ongoing training and professional development opportunities that deepen your skills and optimize your expertise in the financial industry.
A Day in the Life of a Senior Loan Operations Specialist (Strong Commercial focus):
- Pull Credit Bureau reports, flood determinations, UCC Searches and conducts necessary searches and research prior to loan closing.
- When required, order appraisal, title work, prepare closing statements, obtain flood certifications, and facilitate document signing.
- Review title work for any requirements or issues that need to be addressed.
- Completes internal checklists ensuring compliance with regulations, internal policies and procedures with high detail loan requests.
- Inputs consumer non-real estate and business loan data into Credit Quest (Loan Underwriting Software) ensuring accuracy and completeness in required fields.
- Determine, Prepare and Review appropriate loan documentation for respective closing and/or renewals in LaserPro (Loan Documentation Software) accordance with loan policy guidelines and compliant with regulatory requirements.
- Upload new and renewed loans, disbursing loan proceeds, and performance of any other required file maintenance on Jack Henry (Core System) accurately and timely.
- Perfect collateral accurately and timely to ensure banks lien position based on instruction outlined in request for loan documents. Set up ticklers to monitor receipt of collateral and financial documents.
- Prepare and index loan files in Synergy (Document Storage System) promptly.
- Perform departmental duties as required to maintain adequate workflow.
- Follow all established security and internal control procedures to protect the assets of the Bank and its customers.
- Prepares releases of bank's interest on paid off loans and sends paid letters to customers.
- Verify loan is accurately put on Jack Henry (Core System).
- Review attorney-prepared loan documents for accuracy, regulatory compliance, and adherence to lender's requirements, with attention paid to rates, terms, conditions, covenants, guarantees, etc.
- Perform other tasks, functions or other projects as assigned
Compensation details: 28-35 Hourly Wage
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