Commercial Loan Processor

Androscoggin Bank, a values driven, mutual savings bank based in Lewiston, Maine, has an opening for a Commercial Loan Processor to join our team in our Lewiston office. Our culture is one where we work collaboratively with clients and business partners to answer questions and assist in arriving at the most effective and efficient resolution to reasonably comply with regulatory requirements and do what is right for the client. The difference here is the great team you will work with and the ability to work in a local business with local decision making-where employees and clients come first!

The Commercial Loan Processors are an integral part of our Commercial Lending Team. They are responsible for processing the origination of a portion of the Bank’s commercial loans, working in conjunction with Commercial Lenders, Portfolio Managers, and Commercial Loan Assistants. Daily tasks may involve loan document preparation, advances, payments, wires, line renewals, loan extensions, modifications, construction loan/invoice payments, and problem resolution.

Responsibilities include:

Works with lending officers, clients, and legal counsel to create and gather documentation required to proficiently and accurately process commercial real estate and business asset loans according to the terms of approval and Bank loan policies. Also supports documentation in the area of municipal leases and business loans.

Responsible for analyzing commercial loan proposals to identify pertinent details for loan closing packages.

Independently resolves complex issues timely and accurately as they relate to the due diligence of loan closings, including, but not limited to, title, flood issues, environmental, insurance, regulatory, or pre-closing requirements of approval, UCC filings, and all other applicable corporate documentation.

Keeps up to date with knowledge of Bank, Federal and State regulations as they relate to Fair Credit, Reg. B, HMDA, CRA, UDAP, and Flood compliance. Ensures consistent compliance with Bank policies and procedures.

Follows up on loan closings, including booking loans, recording documents with the registry, filing vehicle titles and UCCs, posting general ledger tickets, disbursements to vendors, loan payoffs, balancing transactions, scanning loan files.

Qualifications:

• Familiarity with commercial lending administration functions, loan policies, regulations and loan operations procedures
• 1-3 years of experience in a financial institution or in a legal environment
• Ability to perform detail oriented work with a high degree of accuracy
• Ability to handle multiple priorities and tasks
• Proven ability to meet deadlines and complete work in a timely manner
• Proficiency with multiple computer applications, specifically Microsoft Word and Excel
• Knowledge of the nCino commercial loan system, Navigator, and LaserPro would be preferred.
• High school diploma, Associates or Bachelor’s degree preferred
• Paralegal certificate a plus
• Knowledge of Fiserv software is a plus

Benefits

This position carries great benefits, including paid time off, holiday pay, 401k participation with a generous match (we put money in your 401k even if you don't!), and access to Androscoggin Bank's full insurance benefit package (medical, dental, vision, life, and disability). Androscoggin Bank offers paid parental leave to our employees, which grants new mothers and fathers six weeks of full pay! We also provide paid volunteer time to all employees.

Hoping you could advance your career and your education? We can help. Androscoggin Bank is committed to supporting employee development, and employee benefits include tuition and education reimbursement.

Do you wish you could be more involved and connected in your company, beyond the level of your department? Androscoggin Bank offers that to you. Project teams, committees, events, in-house education, and more. It’s an amazing place to work.

And, you get to work with some of the smartest, most dedicated, heart-felt people you will ever meet!

We are deeply proud that Androscoggin Bank recently achieved B Corp Certification. This means we’ll continue to use profit to power our purpose, rather than serving as the purpose itself. We’ll serve the best interests of our clients, our employees and our communities, while also honoring our environment. Learn more about it here - https://www.androscogginbank.com/bcorp/

Androscoggin Bank is an Equal Opportunity Employer and does not discriminate on the grounds of race, color, religion, sex, sexual orientation, including gender identity and gender expression, national origin, citizenship status, age, disability, genetic information or veteran status.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor���s legal duty to furnish information. 41 CFR 60-1.35(c)