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Position Summary

Commercial Loan Funder is responsible for funding all types of commercial real estate loans that may also include non-real estate collateral assets, and commercial and industrial loans secured by other types of collateral.

Loans funded in this position normally range from $500,000 to $5,000,000 on a daily basis. The loan transactions are reviewed prior to closing to verify that all credit policy, compliance and collateral issues are addressed appropriately as required by the nature and structure of the transaction. All signed and executed loan documents are reviewed again by the Loan Funder prior to the disbursement of loan proceeds to once again ensure all issues have been addressed and all documents are properly signed and executed. The Loan Funder has the sole responsibility to apply expertise and judgment on the quality of the loan transaction and has sole control over the disbursement of the loan proceeds.

Essential Duties and Responsibilities

• Review of preliminary loan documentation for various loan packages consisting of title commitment, hazard insurance, flood certificate, tax certificate, appraisal, construction contracts, entity documents, UCC lien searches, etc. Engage attorney to prepare the closing package.
• Receive executed file from the title company or lending staff, review for accuracy and completeness. Fund the loan via wire transfer, cashier's check, or deposit to account. File UCC filings electronically, if applicable. Prepare and forward the loan package to Loan Operations for booking.
• Interact with title companies, attorneys, and lending staff regarding questions and concerns.
• Stays informed of the latest changes and trends in compliance and credit policy.
• Position requires compliance with federal lending regulations, particularly Real Estate Settlement Procedures Act, Truth in Lending Act, Flood Disaster Protection Act, Homeowners Protection Act, and Home Mortgage Disclosure Act.
• Position requires compliance with all banking regulations, particularly the Bank Secrecy Act/Anti Money Laundering regulations.
• All BSA/AML related reports will be required to be filed as appropriate.

• Ensures all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.
• Performs other duties and responsibilities as assigned.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• Skills
  • Ability to read and interpret documents such as procedure manuals, general business correspondence and/or journals or government regulations
  • Ability to write simple correspondence
  • Ability to effectively present information in one-on-one and small group situations, to customers, clients and other employees in the organization

• Education and/or Experience
  • HS Diploma/GED and
  • 5+ years' applicable loan documentation and processing experience

• Computer Skills
  • MS Office programs

• Certificates, Licenses, Registrations

• Other Qualifications (including physical requirements)

Other

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Activities, duties and responsibilities may change at any time with or without notice.

Skills Training:

• Communication
• Customer Service
• Time Management
• Critical Thinking

Equal Employment Opportunity Information: Simmons First National Corporation and its subsidiaries are committed to a policy of equal employment with respect to a person's race, color, religion, sex, ancestry, sexual orientation, gender identity, national origin, covered veterans, military status, physical or mental disability or any other legally protected classifications. Simmons First National Corporation and its subsidiaries are committed to Affirmative Action Programs consisting of results-oriented procedures to ensure equal employment opportunities. These programs require positive action in lieu of neutral non-discrimination and merit hiring/performance policies.