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MidWestOne Bank Commercial Loan Processing Managing Officer in Cedar Falls, Iowa

The Commercial Loan Processing Manager is responsible for the development and design of workflow and procedure for commercial loans during pre-close and documentation preparation stages of the process. Researches, understands, and interprets state and federal rules, regulations, and best practices for producing accurate and complete loan documentation. Manages Commercial Loan Processors and their duties while ensuring efficiency and overall productivity.

  • Manages the daily operations of the commercial loan processing team.

  • Creates commercial loan workflow for pre-close and documentation preparation.

  • Understands existing and interprets new state and federal laws as they relate to securing loan collateral and best practices for creating loan documentation.

  • Researches documentation requirements in multiple states.

  • Develops procedures and trains staff as needed.

  • Assist Lenders and Loan Servicing Staff with compliance, policy, and best practices requirements.

  • Reviews pre-closing, documentation preparation and related workflows for efficiency and accuracy, which may include monitoring transaction reports.

  • Oversee quality control efforts (document preparation, policy exceptions, and compliance adherence) for commercial loan process.

  • Works in conjunction with the Loan Operations Quality Control Specialist monitor compliance errors for the commercial loan department and with lender supervisors to enforce corrective action necessary to resolve.

  • Assist with the implementation of regulatory changes for the department.

  • Reviews commercial loan requests for policy adherence, covenant requirements, and loan documentation best practices.

  • Reviews requests for compliance issues including, but not limited to HMDA, CRA, Beneficial Ownership, and CIP.

  • Coordinates the transition of processed loans to Loan Operations staff for booking.

  • Assist with the administration of the Commercial Loan Origination System (LaserPro).

Bachelor’s Degree is preferred in the area of business or management, pre-law, or an equivalent combination of education and experience. 5 -7 years of bank experience in loan compliance, processing/closing, employee management, and working with cloud based commercial lending workflow process is highly preferred.

FLSA Status: Exempt

Hours Per Week: 40

Benefits Package: Yes - Full Time Package

External Company Name: MidWestOne Bank

External Company URL: http://midwestone.com/

Street 2: 4510 Prairie Parkway

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