(MI) Loan Administrator
LOCATION: 7310 Woodward Ave., Detroit
SUMMARY:
Primary duty is documenting all commercial loans and processing paid off loans. Must be reliable, organized and capable of multi-tasking on a daily basis. Must be able to communicate well with Staff and Customers.
RESPONSIBILITIES:
- HMDA
- Prepare and supply information on HMDA reportable loans processed to management
- Ordering – as needed
- Orders all Flood Certificates, UCC’s and COGS, Title Work, etc.
- Documentation of Commercial Loans
- Complete documentation checklist by reviewing commercial loan file
- Organize credit file
- Identify and clear compliance issues
- Types all commercial loan documentation – New, Renewals, Extensions, Letters of Credit, etc. on LaserPro
- Receive and review loan package after closing for completeness and facilitate correction of deficiencies
- Pay off Letters
- Receive requests for payoffs
- Review Note and prepare payoff letters accordingly
- Maintain file
- Recordation of Collateral Instruments
- Identify necessity and type of instrument to secure collateral
- Prepare instrument and forward to County or State for recording FIB collateral
- Paid Off Loans (Closed / Retention)
- Print Paid Note Audit report, identify and processes all paid off loans
- Prepares Paid Note Audit Collateral Release Forms
- Prepare and processes all necessary discharges of liens and ticklers
- Prepare and process retention boxes for storage
- Liaison
- Act as liaison for deals requiring services from title companies, attorneys, borrower(s)/guarantor(s) and lender
- Notary Public
- Act as Notary Public for department
- Customer Service / Research
- Handle phone calls and emails received
EXPERIENCE
- Commercial loan documentation and laser-pro background preferred
Management reserves the right to change this job description at any time according to business needs.