Workout Loan Admin Specialist
Job Function: Management of Appraisal Ordering Process, Management of Reports – FAS 114 and Oreo Activity, and Document Preparation
Job Duties
- Management of Appraisal Ordering Process for Commercial Loan and Workout
- Bidding, engaging and management of requested appraisals
- Coordinating with designated function backup to ensure coverage at all times
- Ensures timely storage of completed appraisals (K-drive, scanning as necessary, etc.) inappropriate locations
- Management of Approved Appraiser List
- Oversight of properties owned by the Bank (OREO) or collateral for troubled relationships(reported on FAS114 evaluations) to ensure timely ordering of appraisals for valuation purposes
- Processing of appraisal bills and follow-up on fee collection as necessary
- Management of Key Reports
- FAS 114
- OREO Activity
- Ensure monthly activity is noted within the appropriate report
o Typical entries include updates to payment history, delinquency info, and borrower additions ordeletions from either report
- Document Preparation Responsibilities
- Review document requests to ensure completeness
- Produce loan documentation packages using Laser Pro system
- Communicate and discuss loan transactions with commercial lending officers or other bank staff,internal counsel and chief credit and lending officers
- Review entity documentation to understand business structure and authorized signers
- Perform post-booking quality control to verify accuracy of system inputs
- Other Duties
- Processing of OREO and other transactions: Preparation of G/L tickets, rental payments for occupied OREO, OREO maintenance expenses,other payments as needed, etc.
- Monitoring status of insurance for OREO properties and placing/canceling coverage as needed
- Ensuring appropriate documentation of above activity
- Secretary to Workout Committee - Keeper of minutes and records
- Tracking taxes for OREO, FAS 114, and troubled borrower collateral properties
- Ordering credit reports
- Other tasks and responsibilities as necessary from time to time
Job Qualifications:
High School Diploma required; College courses preferred
Two years experience in commercial lending, commercial documentation or related field preferred.
Well developed computer/data entry skills/Word/Excel
Strong organizational, communication and attention to detail skills
Ability to work independently with knowledge to prioritize work flow/tasks
Ability to work under pressure, multi-tasking