Commercial Loan Operations Specialist

Mercantile Bank•Comstock Park, MI

2d•Onsite

About The Position

Join Mercantile Bank as a Full-Time Commercial Loan Operations Specialist and elevate your career in a dynamic onsite environment located in Comstock Park, Michigan. This role offers the unique opportunity to be at the forefront of the banking industry, playing a vital part in facilitating commercial loans that drive local businesses forward. Be part of a collaborative team focused on customer-centric solutions, where your problem-solving skills will be highly valued. Our culture encourages innovation and inclusivity, making every day at the bank an energetic and engaging experience. With a commitment to excellence, you will have the chance to contribute to a high-performance team that prioritizes integrity and accountability. Discover the excitement of being a pivotal player in a forward-thinking organization that truly values its community and employees. Apply today and take the next step in your professional journey! As a Commercial Loan Operations Specialist at Mercantile Bank, you will play a vital role in ensuring the timely and accurate processing of commercial loans, utilizing your strong organizational skills and attention to detail. This higher-level position requires expertise in the daily data entry and maintenance of the Loan Accounting System, collateral file, and imaging systems. Your responsibilities will include loading commercial loan packages onto the core system, monitoring adjustment requests, and managing non-posted transactions. You will also review daily reports, verify the accuracy of loan inputs, and ensure quality assurance across all operations. Your ability to maintain data integrity will be crucial as you assist in cleaning up names, addresses, and collateral information. By identifying trends and mitigating risks, you will help uphold the bank's commitment to excellence and customer satisfaction while complying with all regulatory requirements. Join us in this pivotal role and contribute to the efficiency and success of Mercantile Bank.

Requirements

1-3 years of relevant job experience
Solid understanding of banking operations
Proficiency in computer programs, particularly Microsoft Office
Accounting background
Ability to calculate payment and interest figures accurately
Attention to detail
Strong organizational skills
Ability to communicate clearly
High school education or GED
Commitment to excellence
Dedication to maintaining data integrity

Nice To Haves

Previous bank loan operations experience
Lending regulations
Booking and maintenance of complex Commercial loans
Loan documentation

Responsibilities

Ensuring the timely and accurate processing of commercial loans
Daily data entry and maintenance of the Loan Accounting System, collateral file, and imaging systems
Loading commercial loan packages onto the core system
Monitoring adjustment requests
Managing non-posted transactions
Reviewing daily reports
Verifying the accuracy of loan inputs
Ensuring quality assurance across all operations
Maintaining data integrity
Assisting in cleaning up names, addresses, and collateral information
Identifying trends and mitigating risks
Upholding the bank's commitment to excellence and customer satisfaction
Complying with all regulatory requirements