Bank of the West Loan Processor/Collateral (Business Banking) in Fargo, North Dakota
Loan Processor/Collateral (Business Banking)
What sets Bank of the West apart from other banks is our team members–they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values—straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity – an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines – Retail Banking, Commercial Banking, National Finance, and Wealth Management.
Responsible for coordinating the processing of all incoming, newly executed loan packages and subsequent collateral documentation items; responsibilities also include the collateral lien perfection, paid loan processing, and file maintenance and imaging.
Essential Job Functions
Ensures all executed loan packages are received and reviewed in a timely manner; this includes the review of executed loan documents for proper signatures and ensuring the receipt of all appropriate documents.
Provides boarding and/or funding authorization once the quality of the executed package is satisfactory.
Coordinates escrow closing with escrow company, title company, or other source.
Performs paid loan processing which includes processing the release of all collateral types; this function also includes the partial release of collateral.
Performs collateral lien perfection on new loans and on an ongoing basis, taking the necessary action(s) to maintain the Bank’s security.
Controls and maintains a secure environment for documentation files, original notes/credit agreements and collateral for all loans maintained at the location for file safekeeping.
Processes the daily incoming collateral documentation items and trailing documents ensuring that all of the necessary loan files are pulled and properly matched with the collateral/trailing documents and labeling and scanning of the documents.
Prepares the necessary loan documentation barcodes and color bar labels for all executed loan packages and oversees scanning of all documents.
Required Education or Equivalent Experience
- High School Diploma or GED required
- 3 - 4 years of functional/professional experience
Administrative/Technical Skills/ Other Information
Good knowledge of the products, policies, and processes that relate to the unit assigned
Good knowledge of banking operations
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
Job: Bank Services
Location: United States-North Dakota-Fargo
Requisition ID: 033253