Commercial Loan Administrator
About The Position
The Commercial Loan Administrator is responsible for managing and processing commercial loan projects. This role involves preparing and reviewing loan documentation, ensuring compliance with regulatory requirements, and maintaining accurate loan records. The ideal candidate will have a strong understanding of commercial lending practices and excellent organizational skills. About Servbank: Founded in 1994, Servbank is a banking institution with local roots and national reach. We were built on a foundation of community-orientation, which ensures that no matter who we serve, we do so with the human touch that marks the gold standard of service. With the addition of Iroquois Federal, founded in 1883 and deeply rooted in Midwest communities, we combine over a century of relationship-based banking with innovative, technology-driven solutions. We work with individuals, businesses, and communities, so that whether you’re a student, a homeowner, a small business owner, or a community leader, we can help you fulfill your goals. Come create excellence with Servbank.
Requirements
- Minimum of 3-5 years of experience in commercial loan administration or a related field.
- Strong understanding of commercial lending practices.
- Excellent organizational and time management skills.
- Proficiency in loan documentation and processing systems.
- Strong attention to detail and accuracy.
- Excellent communication and customer service skills.
- Ability to work independently and as part of a team.
Nice To Haves
- Bachelor’s degree in Finance, Business Administration, Real Estate, or a related field. Experience may substitute for degree.
- Knowledge of federal and state lending regulations.
- Certification in loan administration or a related field.
Responsibilities
- Prepare and review all necessary loan documentation to ensure accuracy and compliance with company policies and regulatory requirements.
- Manage the end-to-end loan process, including application review, approval, and disbursement.
- Ensure all loan packages meet credit conditions and regulatory requirements.
- Serve as the primary point of contact for borrowers, providing excellent customer service and addressing any inquiries or issues.
- Maintain organized and accurate loan files, including all required documentation and correspondence.
- Generate and maintain statistical reports to meet federal regulations and internal reporting requirements.
- Work closely with underwriters, relationship managers, and other departments to ensure smooth loan operations.
- Assist in the management of the loan portfolio, including monitoring loan performance and addressing any issues that arise.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
