Commercial Loan Servicing Agent

Job Description

Job Description

Commercial Loan Servicing Agent

At Richwood Bank, our purpose is to inspire, protect, and celebrate anything that makes communities thrive.

Have you ever wanted to work for a company that exceptionally lives its values? One hundred and fifty years ago, we began as a small community bank. Today, we are still a community bank – as well as a payroll processing team, a marketing agency, a coffee shop, and more. We have flipped the switch on traditional banking. Yet, we have always aimed to provide the very best customer experience, contribute to the greater good of our local communities, and make every effort to be the best employer in the area with a company culture that works hard to develop, recognize, and award its team members.

Richwood Bank has a comprehensive benefits package for full-time employees including, but not limited to, medical and wellness program, dental, vision, employee assistance plan, life insurance and supplemental short-term disability. Full time and part time employees have access to a 401(k) plan, and enhanced Wellness program, tuition reimbursement, and tons of professional development opportunities!

The Commercial Loan Servicing Agent is a full-time position that requires knowledge of the loan process. This role serves as a critical liaison between the financial institution and its commercial clients, ensuring the effective administration, monitoring, and servicing of commercial loan portfolios.

Richwood Bank prides itself on a unique company culture and all team members should be active and engaged participants.

Essential Functions

• Maintain Weekly Reports such as note exceptions, past due and ticklers
• Maintain Monthly Reports such as Uniform Commercial Code (UCC) Expiring Report, Participation Transaction Report
• Renew County and State Uniform Commercial Codes (UCCs) every 5 years
• Prepare Satisfaction of Mortgages, Satisfaction of Assignment of Rents
• Release liens on car titles / Uniform Commercial Codes (UCCs)
• Work with Loan Agents and Lenders on all Commercial Partial Releases of property
• Process loan payoffs (checks / wires)
• Prepare payoff quotes
• Send Paid Notes to customer
• Complete all Commercial Loan Maintenance in Core
• Complete all Participation Payment Wires

Incoming & Outgoing

Skills and Abilities

Education

Equal Opportunity Employer / Disability / Veterans. Richwood Bank is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.