Lending Specialist - St Paul, United States - Minnesota Council of Nonprofits

Description

Position:
Lending Specialist

Supervisor:
Director of Lending

FLSA

Status:
Full Time, Exempt

Location:
Combination of remote and office based *Must be in Twin Cities area*Department:

Lending

Salary:
$55-63k

Organization Summary:

WomenVenture is a 501(c)(3) nonprofit organization with a mission to empower women to achieve their economic goals by building profitable and sustainable businesses that transform communities.

We execute this mission through a four-pillar programming approach that includes training, loans, coaching, and a community of support. Our organizational values are inclusion, impact, and innovation, and we seek out candidates who exemplify these characteristics.

Position Summary:

The Lending Specialist's role is vital in supporting WomenVenture's mission and vision by facilitating various stages of the loan cycle, from pre-application inquiries to post-loan documentation and general loan team and portfolio support.

With meticulous attention to detail and excellent communication and record-keeping skills, the Lending Specialist ensures smooth loan processing, pipeline management, and client satisfaction.

Core Duties:

Loan Inquiry / Pre-Application:
Serve as

the first point of contact for prospective clients and applicants who

inquire about the loan program via the Lending Email Inbox, general

phone line, as a referral from internal program partners, external

agencies interested in collaboration, partnership, and potential

participation on various transactions.
Follow

up with potential applicants, including providing general information

about the loan program, instructing existing applicants seeking

guidance/assistance in completion, submitting the application, and

collecting required personal and business-related information and

documentation needed by Loan Officers.
Provide

support in tracking items received and outstanding for each applicant; follow

up as needed/requested by Loan Officers and Director of Lending.
Record,

maintain, and manage the pipeline tracker for all applicants from the initial

client inquiry through loan closing and post-funding migration to loan

servicing.

Underwriting / Post-Approval :
Pull due

diligence reports.
Continue

assistance to Loan Officers gathering other information as needed.
Upon

loan approval, manage the loan closing process and serve as the primary

point of contact following handoff by the Loan Officer with confirmation

of contingent loan approval.
Manage

delivery and receipt of Signed Contingent Loan Approval Notification.
Loan Closing
Work

with clients and consult with the Loan Officer / Director of Lending to

satisfy all final prior-to-closing requirements.
Monitor

and confirm updates as required to the Loan Process Checklist.
Prepare

loan documents and submit them for audit.
Manage

the signing process with the client


Includes:
Delivery

of closing documents.
Coordinate

/ schedule closings.
Send

documents for e-signature, follow up as needed.
Arrange

and facilitate physical signings when ink signature is required.

Manage

loan disbursement process.
Prepare

and submit the perfection of collateral to appropriate authorities.

Includes vehicle liens, UCC filings,

mortgages, etc.
Post-close and General Loan Team support
Post-closing

check-in: collaborate with internal partners to collect and file any

post-closing documents, including Proof of Use of Funds.
Provide

general assistance to the loan function as assigned by the Director of

Lending / CFO / Loan Portfolio Manager.
Provide

support to Loan Officers in the processing of loan modification requests

and approvals.
Collections

– loan servicing support to loan portfolio manager on past due loans.
Provide

additional support in processing Revolving Line of Credit customer draw

requests.
Annual

data collection support.
Monthly

UCC continuation reporting.
Process

and perfect collateral releases.
Willingness

to provide physical presence and representation of the organization at

various internal and external meetings, community, and stakeholder events.
Aptitude

for public speaking
Record-keeping
Organize

and maintain physical and electronic loan files.
Complete

loan set-up accurately in our database and L.O.S.

Gather

all data elements for loans from client data forms, loan closing,

underwriting documents and, searches etc.
Ensure

accurate data entry into the data management system.
Check

work and resolve open issues.

Support CFO, DOL, and other Internal Partners
Other duties, tasks, and responsibilities that may be assigned at any time.

Required Skills & Experience:
Excellent

customer service.
Capable of maintaining strict confidentiality.
Attention

to detail, ability to follow complex tasks through to completion.
Strong

written and verbal communication skills, including the ability to write,

generate and update reports, as well as manage tracking with the use of

various tools as applicable across platforms.
Ability

to make reasonable, supported decisions and employ problem-solving skills

that can be reasonably validated when necessary.
Proficiency

in utilizing database programs, Excel spreadsheets and other standard Microsoft

Office software. Ability to learn new software/ systems & stay up to

date on computer skills.
Strong

organization, prioritization, and time management skills.
Ability

to work cooperatively with internal and external partners, complex

systems, and workflows.
Excellent cultural competencies and ability to collaborate across diverse perspectives, ideas, and people with diverse backgrounds.
High level of commitment to issues of gender equality and the social mission of the agency.
Flexible and adaptable team player

Preferred Education & Experience:
·

1 or more years of loan administration, pipeline, or case management experience preferably in a financial institution.
·

Associate degree or relevant experience.
·

Active MN Notary Commission in Good Standing a plus.
Application Procedure
Interested candidates should submit the online application using the link provided in the job posting and on our website.
Benefits
WomenVenture takes great pride in providing exceptional benefits to our staff. Employees are eligible for 18 paid holidays and 18 PTO days starting their first year. WomenVenture offers medical, dental, vision, short-term disability, long-term disability, and life insurance.

WomenVenture offers paid paternity leave, a health savings account, a flexible spending account, pre-tax transportation, and an employee assistance program.

Employees can also participate in a retirement plan with an employer match.
Work Environment/Physical Demands

While performing the duties of this position, the employee is frequently required to sit for extended periods and may be required to stand for an extended period.

The employee may occasionally move items weighing up to 25 pounds. Reasonable accommodation will be made to enable individuals with disabilities to perform the essential functions of the position.

This position description is intended to describe the general nature and level of work being performed by people assigned to this position.

It is not intended to be an entire list of all activities, tasks, and skills required of people in the position.

WomenVenture is an equal opportunity employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.

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