Business Loan Processor
General Electric Credit Union•Blue Ash, OH
•Onsite
About The Position
The Business Loan Processor coordinates the administrative and operational aspects of business loan applications, including reviewing and verifying loan application documents for accuracy and completeness, ensuring compliance with internal policies and regulatory requirements, and coordinating with applicants to obtain necessary information and documentation.
Requirements
- High school diploma or GED required
- Minimum of two years of experience in a commercial lending or similar lending role
- Strong organizational and multi-tasking skills to prioritize tasks and meet deadlines
- Good interpersonal skills to collaborate effectively with both internal team members and external partners
- Professionalism in both verbal and written communication with the ability to clearly communicate realistic timelines
- Strong attention to detail
- Proficient computer skills with the ability to learn both Microsoft Office products and multiple Credit Union systems
Nice To Haves
- associate’s degree in business, finance or accounting preferred
Responsibilities
- Contact borrowers to obtain necessary pre-closing business loan documentation
- Coordinate pre-closing activities and documents in accordance with federal and state compliance requirements including, but not limited to: Order appraisals, Order title documentation, Order flood documentation, Conduct background search on the business
- Assemble and review the final loan package
- Schedule loan closings, coordinating with Commercial Loan Officer, closing attorney, and borrower
- Assist Commercial Loan Officers in obtaining post-closing documentation needed to address loan exceptions
- Onboard and fund business loans upon closing
- Prepare denied and withdrawn loan applications, drafting adverse action letters and forwarding for approval before sending to the applicant
- Assist members with inquiries regarding their business loan application
- Prepare loan documentation for small business loans using Credit Union system (i.e., MeridianLink)
- Conduct quality control audit on business loans post-closing
- Perform other duties to support the Commercial Lending Department as needed
Benefits
- Health, Dental and Vision insurance
- Life and Disability insurance options
- Paid Time Off starts accruing once hired
- take your birthday off -paid
- 401k Retirement plan with up to a 10% match of your base gross compensation
- Tuition reimbursement opportunities & professional development
- Volunteer opportunities -and earn additional PTO hours!
- On-site clinics for Vaccines and Mammograms
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
