Commercial Loan Processor I

1St Summit Bank•Johnstown, PA

About The Position

ESSENTIAL FUNCTIONS: Supports the processing and coordination of commercial loan transactions Assists with reviewing loan applications and documentation to ensure completeness and accuracy. Verifies loan terms and approval conditions are properly documented. Ensures required financial information is obtained based on the nature of the request. Prepares attorney instruction letters. Coordinates closing timelines with Loan Officers, attorneys, and other involved parties. Assists in preparing loan files for closing, ensuring all required documentation is in place. Identify and resolve issues that may delay loan processing or approval. Coordinates with internal and external partners to support loan processing Order and review third-party reports such as appraisals, title reports, environmental assessments, flood certifications, good standing searches, etc. Contacts insurance companies to verify coverage and lienholder information. Communicate with Loan Officers, customers, attorneys, and third parties to obtain required information. Follows up on outstanding items to ensure timely loan processing and closing. Performs documentation review and file maintenance Reviews loan files to ensure accuracy, completeness, and compliance with approval terms. Identifies missing or incomplete information and follows up as needed. Maintains organized and complete loan files in accordance with bank policies and regulatory requirements. Completes commercial loan processing worksheets and updates internal tracking systems. Supports credit and reporting processes Assists with gathering information for Credit Committee and Board reporting. Provides requested reporting and supports tickler tracking for loan documentation and exceptions. Provides general support to the Commercial Loan Department Responds to routine inquiries from Loan Officers, customers, and internal staff regarding loan balances, payoffs, and account information. Process advances on LOC’s and construction loans. Conducts account research to support a complete understanding of customer relationships. Maintain accurate records and documentation in loan processing systems. Attends department and staff meetings. Performs other duties and special projects assigned.

Requirements

Strong attention to detail and organizational skills.
Effective written and verbal communication skills.
Ability to manage multiple tasks and meet deadlines.
Ability to follow established procedures and work both independently and within a team.
Strong problem-solving skills and ability to identify missing or inconsistent information.
Proficiency in Microsoft Office Suite (Word, Excel) or similar software.
Ability to handle confidential information with professionalism and discretion.
High school diploma or equivalent required; associate or bachelor’s degree in business, Finance, or related field preferred.
1–3 years of commercial loan processing, loan operations, or related banking experience required.

Nice To Haves

Basic knowledge of commercial loan documentation and underwriting processes preferred.
Experience working with financial statements, credit reports, and loan documentation preferred.
Notary Public designation preferred or willingness to obtain.

Responsibilities

Supports the processing and coordination of commercial loan transactions
Assists with reviewing loan applications and documentation to ensure completeness and accuracy.
Verifies loan terms and approval conditions are properly documented.
Ensures required financial information is obtained based on the nature of the request.
Prepares attorney instruction letters.
Coordinates closing timelines with Loan Officers, attorneys, and other involved parties.
Assists in preparing loan files for closing, ensuring all required documentation is in place.
Identify and resolve issues that may delay loan processing or approval.
Coordinates with internal and external partners to support loan processing
Order and review third-party reports such as appraisals, title reports, environmental assessments, flood certifications, good standing searches, etc.
Contacts insurance companies to verify coverage and lienholder information.
Communicate with Loan Officers, customers, attorneys, and third parties to obtain required information.
Follows up on outstanding items to ensure timely loan processing and closing.
Reviews loan files to ensure accuracy, completeness, and compliance with approval terms.
Identifies missing or incomplete information and follows up as needed.
Maintains organized and complete loan files in accordance with bank policies and regulatory requirements.
Completes commercial loan processing worksheets and updates internal tracking systems.
Assists with gathering information for Credit Committee and Board reporting.
Provides requested reporting and supports tickler tracking for loan documentation and exceptions.
Responds to routine inquiries from Loan Officers, customers, and internal staff regarding loan balances, payoffs, and account information.
Process advances on LOC’s and construction loans.
Conducts account research to support a complete understanding of customer relationships.
Maintain accurate records and documentation in loan processing systems.
Attends department and staff meetings.
Performs other duties and special projects assigned.