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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.

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Average salary estimate

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

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

Welcome to Banner Bank, where we’ve been dedicated to helping businesses and individuals reach their goals for over 130 years! As a Commercial Loan Specialist I in Spokane, Washington, you'll play a vital role in our lending team, supporting, closing, and administering both commercial and SBA loans. We pride ourselves on our financial strength, recognized by Forbes as one of the Best 100 Banks in America, and our unwavering commitment to the community. In this position, you’ll coordinate everything from loan support to collateral perfection, working closely with relationship managers and underwriters. If you have a knack for detail and strong communication skills, you'll thrive here, ensuring loan files meet all regulatory requirements. With your help, we can continue to support businesses of all sizes while also giving back to our community through volunteerism and financial contributions. We value our employees as much as our customers, offering a comprehensive benefits package that includes tuition reimbursement, paid time off, and much more. Join us at Banner Bank, and let’s grow together—both financially and personally!

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 involves coordinating with various parties, ensuring loan accuracy, preparing commitment letters, and maintaining compliance with bank and regulatory requirements. It's an essential role within our community-focused banking centers.

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What qualifications are required for the Commercial Loan Specialist I position at Banner Bank?

To qualify for the Commercial Loan Specialist I position at Banner Bank, candidates must have a high school diploma or equivalent experience, with 0 to 2 years of commercial loan support experience preferred. Knowledge of state regulations and strong communication abilities are essential for success in this role.

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What skills are important for a Commercial Loan Specialist I at Banner Bank?

Important skills for a Commercial Loan Specialist I at Banner Bank include proficiency in written and verbal communication, attention to detail, and the ability to manage a deadline-driven environment. Knowledge of Microsoft Office, loan origination systems, and a clear understanding of commercial lending practices are also crucial.

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What is the career path for a Commercial Loan Specialist I at Banner Bank?

A Commercial Loan Specialist I at Banner Bank can expect to develop their skills and experience in commercial lending, opening up opportunities for advancement within the organization. Potential career paths may lead to specialized lending roles or managerial positions within the Commercial Banking sector.

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What is the compensation for a Commercial Loan Specialist I at Banner Bank?

The targeted starting compensation for a Commercial Loan Specialist I at Banner Bank ranges from $21.56 to $25.36, depending on location and experience. Additional incentive and commission compensation may be available for eligible roles, providing further earning potential.

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What benefits does Banner Bank offer to its employees?

Banner Bank offers a comprehensive employee benefits package, including medical, dental, and vision insurance, 401k with matching, tuition reimbursement up to $5,250 annually, paid vacation, personal days, and paid volunteer time to encourage community engagement.

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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 collaborative and customer-focused. Employees work closely with lending teams, community members, and other stakeholders, encouraging a supportive atmosphere that values teamwork and professional growth.

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Common Interview Questions for Commercial Loan Specialist I
Can you describe your experience with commercial lending?

When answering this question, focus on any relevant experience you have with commercial lending processes, including any specific loans you've managed. Highlight your understanding of SBA loans, underwriting processes, and your ability to work with various stakeholders in the loans process.

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How do you ensure accuracy when managing loan files?

Explain your approach to detail-oriented tasks. Discuss strategies like double-checking documents, utilizing checklists, and leveraging software tools that enhance accuracy in loan documentation while ensuring compliance with bank policies.

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What steps do you take to coordinate loan closings effectively?

Detail your process for coordinating loan closings. Include communication methods, setting timelines, and ensuring all parties are informed and aligned. Emphasize your organizational skills and experience managing multiple stakeholders.

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How do you handle tight deadlines in a loan processing environment?

Discuss your time management techniques. Explain how you prioritize tasks, stay organized, and find efficiencies to meet deadlines without sacrificing quality. Share examples if possible to demonstrate your capability.

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What challenges have you faced in previous roles related to commercial lending, and how did you overcome them?

When answering, be honest about a challenge you've faced, such as a complex loan case or compliance issue. Share specific actions you took to resolve the situation, focusing on problem-solving, collaboration, and your proactive approach.

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How do you stay updated with regulations affecting commercial lending?

Share resources you use to stay informed, such as industry publications, professional networks, or certifications. Discuss your commitment to continuous learning and adapting to regulatory changes in the lending landscape.

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Can you explain how to perform a peer review of loan files?

Outline the steps you take when conducting a peer review, including checking for document completeness, accuracy against approval conditions, and compliance with regulations. Highlight the importance of constructive feedback and collaboration.

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What techniques do you use for effective communication with relationship managers and clients?

Emphasize your interpersonal skills and explain your communication techniques, such as active listening, regular updates, and clarity in messaging. Discuss how fostering relationships contributes to smooth loan processing.

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How do you handle discrepancies when verifying loan documents?

Detail your approach to identifying and resolving discrepancies, emphasizing attention to detail and critical thinking. Discuss the importance of communication and collaboration with involved parties to find resolutions.

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What strategies do you find effective for maintaining productive working relationships in a banking environment?

Share your strategies for building rapport and trust in a banking environment. Emphasize the significance of clear communication, being approachable, and actively participating in team initiatives to strengthen relationships.

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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 ...

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Full-time, on-site
DATE POSTED
November 26, 2024

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