Job Details
Business Loan Servicing Specialist (aka Commercial Loan Servicing)
2025-09-21 Choice Bank Fargo,ND
Description:
Choice is #PeopleFirst, banking second.
People don't need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.
In contributing to our culture, Choice team members are guided by our core values.
Our vision of Diversity at Choice is supported by our #PeopleFirst mission and our core values.
Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.
Disclosure
This job description is intended to describe the general content of, and requirements for, the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a significant risk to the health and safety of themselves or other employees.
All employment at Choice Financial Group is "at will" employment. This position description does not create an employment contract, implied or otherwise.
Job Type
Full-time
Description
BLSS I and II levels for this opening can work from any Choice Bank location in Fargo, Moorhead or West Fargo
Senior BLSS for this opening can work from any Choice Bank location in Grand Forks, Fargo, Moorhead or West Fargo.
The Business Loan Servicing Specialist (aka Commercial Loan Servicing) supports the Commercial and Ag lending function in compiling the information necessary to request loan documents, reviews documents for accuracy, and ensures all conditions have been met prior to loan closings. The Business Loan Servicing Specialist is responsible for the organization and completion of loan files after closing and supports the ongoing maintenance of the loan relationship and related documents.
Loan Origination and Closing
- Responsible for collecting, compiling and inputting accurate loan documentation for all new and renewed loans.
- Maintains appropriate approval throughout the loan documentation process through closing and initial funding.
- Ensures compliance requirements are satisfied, approval conditions are met, collateral is collected with evidence of insurance when applicable, and documentation is properly executed prior to closing and funding a loan.
- Ensures appropriate loan related fees are assessed to the borrower and payments to related third parties are processed in a timely manner.
- Coordinates the communication between lender, borrower, and involved third parties when necessary throughout the loan closing process to ensure all parties have accurate information and are in agreement.
- Ensures collateral is collected and perfected at time of closing
- Obtain, review, and archive loan documents including but not limited to financial statements, tax returns and business reports, credit reports, appraisals, flood determinations, lien searches, and loan covenants and conditions.
- Prepare tracking, checklists, coding and set-up forms for new, modified, and renewed loans, including FSA, BND, and SBA loan.
- Reviews daily reports to ensure loan maintenance accuracy.
- Processes loan advances and payments daily.
- Assists Lenders and Borrowers with requests for information or follow up on loan related items.
- Maintains loan origination platforms for accuracy on borrowers, loan terms, collateral, and tickler tracking.
- Completes follow up for miscellaneous monthly loan reporting and tracking items.
- Completes extra projects as assigned by management.
- Supports, advances and is responsible for meeting Premier Experience service standards.
- Assists with in-branch customer services needs including but not limited to telephone, teller and account opening functions.
Choice is #PeopleFirst, banking second.
People don't need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.
In contributing to our culture, Choice team members are guided by our core values.
- Embrace change and encourage innovation.
- Know when to ask for help and know when to offer help.
- Better the places we live.
- Work hard. Do the right thing. Have a little fun.
Our vision of Diversity at Choice is supported by our #PeopleFirst mission and our core values.
Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.
Disclosure
This job description is intended to describe the general content of, and requirements for, the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a significant risk to the health and safety of themselves or other employees.
All employment at Choice Financial Group is "at will" employment. This position description does not create an employment contract, implied or otherwise.