Commercial Lending Assistant



Advert ID




Job Type




Salary Range

USD35006-40497 per year

No. of Openings


Branch Information

Altoona, PA - (USA) 2900 Plank Road North Suite 5 PA Altoona , PA 16601-9361 Phone : 814-944-3576  



Job Description


Perform a variety of support duties related to the business/commercial lending function.

Duties and Responsibilities

1. Coordinates loan closings with title companies and real estate agencies. Ensures documents returned from applicable agencies are complete and accurate. Assists business lender in clearing any post-closing documentation exceptions.

2. Answers incoming telephone calls, resolves member inquiries within prescribed authority, and when necessary, directs calls to the appropriate loan representative or department. Answers member questions regarding loans and transactions. Initiates loan advances. Mails or emails applications, forms and/or information to members and prospective members.

3. Serves as primary receptionist for the business lender, including but not limited to preparation/composition of written correspondence and memos, as requested by Commercial Lender. Types all documents needed for loan approvals and denials.

4. Obtains information related to the business loan origination process including but not limited to: preliminary title reports, customer identification verification's, UCC searches, insurance information, flood certificates and various other items. Monitors canceled insurance policies and initiates timely follow-up with appropriate parties.

5. Gathers background information on loan applicants, researching any discrepancies.

6. Prepares appropriate business loan disbursement entries (checks, deposits, wire transfers, etc.,), according to loan disbursement instructions provided by Commercial Lender.

7. Processes loan payments and fees.

8. In a timely manner, assembles and maintains loan documentation files to ensure proper order and accuracy of documents, verifying all documents have been property executed and recorded. Responsible for imaging and retaining original loan documentation.

9. Assists members and employees with basic questions regarding commercial lending services.

9. Assists members and employees with basic questions regarding commercial lending services.

10. Processes loan maintenance information in computer system.

11. Purges loan files by destroying out-of-date or unnecessary documents.

12. Inputs closed loans into the system.

13. Maintains working knowledge and compliance of Credit Union policies and procedures, lending regulatory requirements, the Bank Secrecy Act, the U.S. Patriot Act, FACT Act and Truth in Lending and maintains the integrity of the Member Identification Program.

Job Specifications

1. Professional, well-developed written and verbal communication skills necessary for conducting business and projecting a positive image as a representative for the Credit Union.

2. Intermediate mathematical skills required (calculations and concepts involving decimals, percentages, fractions, etc.).

3. Ability to operate PC as well as general office machines.

4. Proficient in Microsoft Office Suite (Excel, Word, Outlook, PowerPoint)

5. Good organizational skills, attention to detail and ability to protect member privacy. Must possess the ability to work under minimal supervision.

Minimum Qualifications

High school diploma or equivalent, college degree is an advantage. Three years previous experience in Commercial Lending support. Must be able to pass bondability requirements and credit report