Commercial Lending Assistant

Job Category: Banking/Real Estate/Mortgage Professionals Reference Code: 159457 In 1988, Vectra Bank opened for business and has grown to include many high-performance, well-respected community banks throughout Colorado. Today, Vectra Bank is Colorado's sixth largest bank with assets of $2.6 billion and 40 branch locations throughout Colorado. As the proactive relationship bank, our employees work to anticipate the needs of our customers. Vectra Bank is a wholly owned subsidiary of Zions Bancorporation. Our parent company, Zions Bancorporation, is one of the nation's premier financial services companies, consisting of a collection of great banks in select high growth markets. Zions operates its banking businesses under local management teams and community identities through over 500 offices and 600 ATMs in 10 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington. Zions Bancorporation is a leader in small business lending, and agricultural and public finance. The Corporation also operates several new technology ventures such as Contango and NetDeposit. Commercial Lending Assistant Assist and support Commercial Lender in the loan documentation process, closing loans, perfecting liens, maintaining credit and collateral files and processing payments and advances. Complete loan documentation checklist, order lien searches, title commitments, O&E's and flood reviews. Respond to customer inquiries about existing commercial or consumer loans. Close new and renewed commercial loans and ensure accurate execution of all documents and receipt of all fees. Input new and renewed loans including collecting and tracking of loan fees to ensure proper income reporting. Process requests for loan advances using Bankers. Verify availability of funds, maturity date and borrowing base availability to ensure proper credit of requested funds. Prepare GL tickets manually on loan payments, advances, loan fees, recording and related fees and transfers and send to proof department. Daily post loan advances and payments. Process refunds of overpayments on loan payoffs to ensure accurate balancing of the payoff transaction. File liens on Bank's collateral with the proper agencies within 24 hours from loan closing to ensure Bank's collateral position. Maintain tickler system daily to ensure liens are filed, insurance remains in force. Create and maintain commercial loan credit and collateral files according to the Bank's Credit Policy after loan closing to ensure standardization of files. Prepare pay-off letters for the branch's commercial and consumer loans using Banker system. Process credit references and verifications of loan and deposit balances. Process all paid loans within 30 days of payoff and forward documents to appropriate recording office for prompt and proper release of all liens. Prepare and deliver copies of all closed loan packages to the Credit Policy Officer by the 25th each month. Create a report of loans maturing and past-due report using Bankers and distribute appropriately. Annually audit the collateral files and collateral vault (under dual control). Is familiar and complies with applicable company policies and all banking regulations including, but not limited to BSA, USA Patriot/CIP requirements, AML and other regulations. Commercial Lending Assistant I, N15 - Requires a High School Diploma or GED and 1+ years of directly related experience. Full use and application of standard principles, theories, concepts, and techniques. Working knowledge of banking products, credit associated lending and customer service skills. We have many opportunities both at Vectra Bank and Zions Bancorporation and our affiliates. Wherever you find your fit in the Zions family, we look forward to working with you!