Business Loan Processor

ICCU•Chubbuck, ID

23h

About The Position

The Business Loan Processor processes business loan applications, prepares loan documents for closing, and funds new business loans. The role supports Business Loan Officers and Underwriters in the development and growth of the department, helps ensure applicable regulatory compliance, and performs post-closing duties, audits, and documentation tasks. The processor is expected to meet service-level turnaround standards, communicate throughout the loan process, and contribute to team activities and culture. The position requires attention to detail, organization, professionalism, and courteous communication. The employee must comply with the Bank Secrecy Act and USA Patriot Act as implemented by ICCU and be eligible for ICCU membership to obtain employment. Physical requirements include manual paperwork tasks, extended sitting, lifting supplies weighing 20–40 pounds, repetitive hand and wrist motions, reaching keyboards, and operating basic office equipment. The listed duties describe general essential functions and may not include every work requirement.

Requirements

Excellent data processing and computer skills, with an eye for detail.
Ability to work under pressure and in an organized manner.
Excellent communication and people skills.
Must comply with the Bank Secrecy Act and USA Patriot Act as implemented by ICCU.
Must be eligible for membership at ICCU to obtain employment.
Perform tasks requiring manual dexterity, including processing paperwork, filing, stapling, sorting, collating, and typing.
Sit for extended periods of time.
Lift 20–40 pounds of applicable supplies.
Perform repetitive motion using wrists, hands, and fingers and reach keyboards.
Operate basic office machines, including a calculator, computer, telephone, copy machine, and fax machine.

Nice To Haves

Bachelor's degree or equivalent applicable experience preferred.
One to two years of loan processing experience preferred.

Responsibilities

Process incoming business loan applications.
Assist Business Loan Officers and Underwriters with file requirements throughout the loan closing process.
Prepare business loan documents for closings and fund new business loans.
Ensure compliance with ECOA and FinCen regulations.
Perform post-closing duties, including following up on UCC filings and titles, paying fees, and conducting quality control.
Assist with yearly audits and documentation requests.
Plan team activities and participate in team culture.
Meet standard service-level agreements for loan application turnaround times.
Communicate with Business Loan Officers and Underwriters throughout the loan process.
Complete loan checklists and loan audits once a loan is processed.