Commercial Loan Processor I
About The Position
The Commercial Loan Processor coordinates and processes commercial loan requests from application through closing. The role ensures loan documentation is accurate, complete, and compliant with internal policies and regulatory requirements. It works closely with loan officers, members, and third parties to support timely closings while maintaining high credit and documentation standards. The position also contributes to reporting functions and supports the growth and quality of the commercial loan portfolio. This is a full-time position located at Tech Credit Union’s Crown Point, Indiana branch.
Requirements
- High school diploma or equivalent.
- Strong knowledge of commercial loan documentation and closing processes.
- Familiarity with state and federal regulations related to commercial lending.
- Basic understanding of accounting principles and financial statements.
- High level of accuracy and attention to detail.
- Strong organizational and time management skills, with the ability to manage multiple priorities.
- Excellent verbal and written communication skills.
- Basic understanding of banking or credit union operations.
Nice To Haves
- Additional education or specialized training in business, finance, or a related field.
- Experience preparing commercial loan documents using LaserPro or similar software.
- Two or more years of experience in commercial lending, loan processing, or a related banking or credit union function.
- Experience preparing loan closing packages and meeting production or performance goals.
Responsibilities
- Prepare and process commercial loan closing packages, ensuring required documentation and conditions—including appraisals, title work, UCC filings, and environmental reports—are satisfied before closing.
- Generate commercial loan documents using LaserPro or similar systems with a high degree of accuracy.
- Coordinate with title companies, government agencies, attorneys, and other third parties to obtain required filings and documentation.
- Schedule and facilitate loan closings, ensuring deadlines are met.
- Review loan approvals to verify the accuracy of loan amounts, terms, and conditions in accordance with committee decisions.
- Contribute to reporting functions and support the growth and quality of the commercial loan portfolio.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
