Commercial Loan Processor - Banking
About The Position
Supports the commercial lending function by preparing, reviewing, and coordinating documentation for commercial loans from approval through closing. Processes commercial loan applications, commercial loans and commercial loan documentation in compliance with bank policy, approval terms, and applicable laws and regulations while providing timely service to lenders, customers, title companies, and other third parties. Assembles, checks and verifies the accuracy and completion of all loan documentation necessary for loan closings. Assists in scheduling loan closings and answers routine questions regarding the commercial loan process. Prepares checks for the distribution of loan proceeds and construction draws.
Requirements
- Associate degree or higher in business, finance or related area preferred.
- 2 years experience in Loan Processing and/or banking; Commercial experience preferred.
- Understanding of banking regulations, compliance standards, and internal policy requirements related to commercial lending.
- Proficient computer skills.
- Above average verbal and written communication skills.
- Strong attention to detail, organization, and time management.
- Ability to manage multiple files, prioritize competing deadlines, and follow through on open items.
- Sound judgment and problem-solving abilities.
Responsibilities
- Obtains all new commercial loan files and ensures all necessary documentation is in the file.
- Contacts loan officer or customer to obtain the proper information.
- Orders title, appraisal, and other necessary documentation for all commercial loans.
- Sends commitment letter and proceeds with processing after loans are approved.
- Ensures proper documentations are in each file and verifies accuracy and completion.
- Orders inspections and coordinates construction draws and keeps records for each construction deal.
- Ensures all documentation required for closing is completed and assembled.
- Prepares HUD statement and check for distribution of funds and communicates with the title company to schedule loan closings.
- Sends closing package to title company.
- Occasionally closes loans for customers.
- Answers customer questions and fulfills requests.
- Communicates with Loan Officers and Credit Analyst to ensure the loan process is properly completed.
- Responsible for various administrative duties to assist Senior Management and Lenders.
- Responsible for completing HMDA on applicable commercial loans.
- Clears exceptions on commercial loans.
- Maintains compliance and required compliance training with all banking laws, acts, regulations and bank policies and procedures.
- Any additional duties and/or projects as assigned by Management.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Long-term disability insurance
- Short-term disability insurance
- Life insurance
- 401(k) plan
- Profit sharing
- Employee Stock Purchase Plan
- Generous paid time off
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
