Let’s get started
By clicking ‘Next’, I agree to the Terms of Service
and Privacy Policy
Jobs / Job page
Commercial Loan Specialist I image - Rise Careers
Job details

Commercial Loan Specialist I

More than 130 years ago, we started with core values that never go out of style: listen, learn and help businesses and individuals reach their goals. Our financial strength and stability are key reasons Forbes names us one of the Best 100 Banks in America the past eight consecutive years and Newsweek names Banner one of the Most Trustworthy Companies the past four years.


With more than $15 billion in assets and over 150 locations throughout Washington, Oregon, Idaho, and California, we understand our role in the economy and take that responsibility seriously. In addition to offering a source of capital to personal banking clients and businesses of all sizes, we place a high importance on employee volunteerism and donate millions of dollars each year to community organizations.


As a Commercial Loan Specialist, you will support, close and administer commercial and SBA loans and lines for the Commercial Banking Centers.

 



In this role you'll have the opportunity to:
  • Support Commercial Banking Centers lending function via Capitalstream including loan support through boarding including the perfection of collateral.
  • Coordinate with relationship managers, Credit Utility Center underwriters (CBC Only), borrowers, title officers and other third parties as dictated by transaction. 
  • Order external reports related to specific loan products as required.
  • Prepare commitment letters. Arrange for payoff of prior liens. 
  • Coordinate loan closings and prepare disbursements.
  • Responsible for verifying loan system accuracy for boarded loans. 
  • Responsible for ensuring each loan file meets bank and regulatory requirements.
  • Provide service to lending specialty banking and SBA lending units.


Education & Certifications
  • H.S. Diploma required (an equivalent combination of education and experience may be considered)


Experience
  • 0 to 2 years of commercial loan support experience required 



Knowledge, Skills and Abilities
  • Knowledge of state and regulatory requirements pertaining to commercial lending. Understanding of Municpal, SBA and syndication lending and ability to coordinate with specialty groups effectively.
  • Strong written and verbal communication skills and ability to produce accurate work in a deadline driven environment.
  • Ability to identify document errors and make corrections, while staying within the confines of the credit approval.
  • Proficient in Microsoft Office, loan origination systems and other programs needed to support commercial banking.
  • Ability to perform peer review of loan files with accuracy and attention to detail prior to documentation and post boarding file review.
  • Ability to cover other Commercial Banking Centers as required.


Travel
  • 0%


Compensation & Benefits
  • Targeted starting compensation range is based on location and experience: $21.56-$25.36
  • Incentive and commission compensation may be awarded for eligible roles
  • Comprehensive employee benefits, including medical, dental, vision, LTD, STD and life
  • Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays
  • 401k (up to 4% match with immediate vesting)
  • Tuition reimbursement up to $5,250 annually (minimum service requirement)
  • Read more about these and additional benefits at: Employee Benefits | Banner Bank


Please take time to review Banner Bank's Consent & Privacy notice before applying.


Banner Bank is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status.


Banner Bank does not accept unsolicited resumes from agencies and/or search firms for any job postings. Resumes submitted to any Banner Bank employee by a third-party agency and/or search firm without a valid written and signed search agreement, will become the sole property of Banner Bank. No fee will be paid if a candidate is hired for a position as a result of an unsolicited agency or search firm referral.

Banner Bank Glassdoor Company Review
3.8 Glassdoor star iconGlassdoor star iconGlassdoor star icon Glassdoor star icon Glassdoor star icon
Banner Bank DE&I Review
No rating Glassdoor star iconGlassdoor star iconGlassdoor star iconGlassdoor star iconGlassdoor star icon
CEO of Banner Bank
Banner Bank CEO photo
Mark J. Grescovich
Approve of CEO

Average salary estimate

$23460 / YEARLY (est.)
min
max
$21560K
$25360K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Commercial Loan Specialist I, Banner Bank

As a Commercial Loan Specialist I at Banner Bank in Spokane, Washington, you'll step into an empowering role designed to support and administer commercial and SBA loans. With over 130 years of trusted history, Banner Bank holds its position among the best banks in America, consistently recognized for its stability and dedication to its clients. In this satisfying position, you'll work closely with relationship managers and underwriters to ensure smooth loan processing. Your responsibilities will include preparing documentation, coordinating closings, and verifying compliance with regulatory standards. You'll have the chance to delve into the world of commercial lending, getting involved with collateral perfection and monitoring loan systems for accuracy. Your skills in communication and attention to detail will shine as you manage time-sensitive tasks in a fast-paced environment. Additionally, you'll join a company that prioritizes community support through volunteerism and charitable giving, enriching not just your professional life, but your personal satisfaction too. This is more than a job; it's about helping clients achieve their financial goals while you grow your career within a company that truly values its employees and their contributions. If you're ready to dive into this rewarding opportunity with Banner Bank, we're excited to discover what you can bring to our team!

Frequently Asked Questions (FAQs) for Commercial Loan Specialist I Role at Banner Bank
What does a Commercial Loan Specialist I do at Banner Bank?

A Commercial Loan Specialist I at Banner Bank is responsible for supporting, closing, and administering commercial and SBA loans. This role involves coordinating with various stakeholders, preparing commitment letters, and verifying loan system accuracy to ensure compliance with bank and regulatory requirements.

Join Rise to see the full answer
What qualifications are required to become a Commercial Loan Specialist I at Banner Bank?

To become a Commercial Loan Specialist I at Banner Bank, candidates need a high school diploma, though equivalent combinations of education and experience are also considered. A background in commercial loan support, along with knowledge of state regulatory requirements, is preferred.

Join Rise to see the full answer
What is the work environment like for a Commercial Loan Specialist I at Banner Bank?

The work environment for a Commercial Loan Specialist I at Banner Bank is supportive and collaborative. You'll work within Commercial Banking Centers, engaging with a diverse group of professionals and third-party partners to deliver quality service in a dynamic and fast-paced setting.

Join Rise to see the full answer
Is there potential for career growth as a Commercial Loan Specialist I at Banner Bank?

Yes, there is significant potential for career growth within Banner Bank. Starting as a Commercial Loan Specialist I can lead to more advanced positions in commercial banking, allowing you to enhance your skills and advance your professional journey.

Join Rise to see the full answer
What benefits can I expect as a Commercial Loan Specialist I at Banner Bank?

As a Commercial Loan Specialist I, you can expect a comprehensive benefits package that includes medical, dental, and vision insurance, paid vacation and volunteer time, 401k matching, tuition reimbursement, and much more, making it an attractive position.

Join Rise to see the full answer
How does Banner Bank support community involvement for its Commercial Loan Specialists?

Banner Bank places a high value on community involvement. The company encourages its Commercial Loan Specialists to volunteer and donates millions to local organizations yearly, making it easy for employees to give back and contribute to their communities.

Join Rise to see the full answer
What skills are important for success as a Commercial Loan Specialist I at Banner Bank?

Successful Commercial Loan Specialists I at Banner Bank possess strong communication skills, attention to detail, and proficiency in Microsoft Office and loan origination systems. Additionally, understanding commercial lending regulations and the ability to work in a deadline-driven environment are crucial.

Join Rise to see the full answer
Common Interview Questions for Commercial Loan Specialist I
What experience do you have in commercial loan support?

When discussing your experience in commercial loan support, be specific about your past roles and responsibilities. Highlight your hands-on experience with loan documentation, borrower interactions, and any use of loan origination systems, emphasizing your understanding of regulations.

Join Rise to see the full answer
Can you explain how you ensure accuracy in loan documentation?

In answering how you ensure accuracy in loan documentation, share your process for reviewing documents before submission. Discuss methods you use for double-checking information, collaborating with colleagues for peer reviews, and your attention to detail.

Join Rise to see the full answer
How do you handle high-pressure situations, especially with deadlines?

Discuss your time management techniques when handling high-pressure situations. You might explain how you prioritize tasks, break them into manageable steps, and the importance of communication with team members to stay on track.

Join Rise to see the full answer
Describe a time you identified and corrected document errors.

When asked this question, provide a specific example where you identified errors in loan documents. Focus on your process for correcting these errors, the steps you took to ensure accuracy, and how you communicated this with your team.

Join Rise to see the full answer
What do you know about SBA loans and their requirements?

In responding to this question, outline your understanding of SBA loans, including their purposes, eligibility criteria, and the application process. Highlight any relevant experience you’ve had with SBA loan products.

Join Rise to see the full answer
How would you manage communication between various stakeholders during a loan process?

Discuss the importance of clear and consistent communication between stakeholders. Share your strategies for keeping everyone informed, such as setting regular updates, using collaborative tools, and ensuring all parties understand their roles.

Join Rise to see the full answer
What techniques do you use to prepare commitment letters?

When preparing commitment letters, explain the steps you follow, from gathering necessary information to ensuring compliance with bank standards. Highlight your attention to detail and the significance of tailoring each letter to the specific loan scenario.

Join Rise to see the full answer
How do you stay updated on industry regulations affecting commercial lending?

Discuss your methods for staying informed about industry regulations, such as attending training sessions, subscribing to industry publications, and networking with professionals. This shows your commitment to staying compliant and knowledgeable.

Join Rise to see the full answer
Why do you want to work for Banner Bank?

To answer this, share what specifically attracts you to Banner Bank, such as its commitment to community service, recognized stability, and opportunities for professional growth. Relate your values to those of the bank to demonstrate a strong cultural fit.

Join Rise to see the full answer
What is your experience with Microsoft Office in a professional context?

In your answer, highlight your proficiency with Microsoft Office products relevant to the role, like Excel for data management and Word for documentation. Provide examples of how you've used these tools in previous positions.

Join Rise to see the full answer
Similar Jobs
Photo of the Rise User
Posted 8 days ago
Photo of the Rise User
Posted 10 days ago
Photo of the Rise User
Posted 9 days ago
Photo of the Rise User
Posted 11 days ago
Posted 3 days ago
Photo of the Rise User
Posted 12 days ago
Photo of the Rise User
Posted 8 days ago
Photo of the Rise User
AlphaSense Hybrid New York, New York, United States
Posted 5 days ago

Banner Bank is a dynamic full-service financial institution, operating safely and profitably within a framework of shared integrity. Working as a team, we will deliver superior products and services to our valued clients. We will emphasize strong ...

90 jobs
MATCH
VIEW MATCH
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
November 27, 2024

Subscribe to Rise newsletter

Risa star 🔮 Hi, I'm Risa! Your AI
Career Copilot
Want to see a list of jobs tailored to
you, just ask me below!