Loan Associate I - Watford City - job 854135

First International Bank & Trust

Date: 06/11/2021

City: Watford City, North Dakota

Employment type: Full-time

Position Summary: Under the direction of Regional Loan Associate Supervisor and Loan Associate Manager, provides assistance to the Lending Department by performing the following duties. This position requires a sound knowledge of established procedures, methods and practices. Expected to handle specialized processing work of an advanced nature.

Essential Duties and Responsibilities include the following. Other duties as assigned.

  • Main focus is with Consumer, Consumer Dealer Contracts

  • May also work with basic Commercial / Ag loans


  • Processes incoming dealer loans

  • Calls specified companies to obtain property abstract, survey and appraisal.

  • Orders necessary preliminary and final title work. Reviews and analyzes title report or survey to determine issues and any present or potential risk.

  • Originates loan correspondence. Maintains proper correspondence and legal files.

  • Works with Loan Operations throughout process of ordering loan documentation, providing information and reviewing completed documentation prior to closing.

  • Notifies customer of approval or prepares and mails adverse action forms to applicants.

  • Provides support for Loan Officers by entering information into computer database, generating and assisting customer in completing all required documentation and disclosures

  • Examine loan terms and ensure the loan is properly recorded and funded within established time frames.

  • Assists lenders with closing instructions including funds and signatures required for closing.


  • Prepares, scans and maintains loan files. Files respective offices new notes in vault.

  • Ensures timely recording of lien documents to ensure collateral perfection.

  • Updates tickler system to note funding activities, interest rate settings and billings.

  • Monitor levels of outstanding exceptions and past due ticklers and strives to meet goals and expectations

  • Processes extension agreements

  • Processes paid notes and collateral releases

  • Retrieves and reviews loan reports for completeness and accuracy; corrects non-post or errors.

  • Performs loan support duties of complex variety such as charged-off accounts and recoveries

  • Customer Service/Support:

  • Responds to customer inquiries including payment questions, payoffs and loan values and services calls to the loan department and directs customers to appropriate lenders if necessary

  • Assists with collateral inspections and customer calls

  • Processes loan payments

  • Explains, promotes, cross-sells or refers bank, insurance and trust products or services.


  • Remains current on policy or procedural changes and new product offerings.

  • Attends periodic training to receive information about various bank services and participates in an exchange of ideas, challenges and solutions.

  • Assists with various projects and assignments as needed.

  • Comply with federal, state, and company policies, procedures, internal controls, and regulations.

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