Commercial Loan Processor
About The Position
The Australian Commercial Loan Processor supports an Australian mortgage broking and commercial finance business by managing commercial loan applications from initial assessment through settlement. The role involves reviewing borrower and business financial documents, assessing financial positions and repayment capacity, preparing credit proposals and loan submissions, researching lender policies, and coordinating with brokers, lenders, and other stakeholders. The processor monitors application progress, follows up on outstanding documents and lender conditions, ensures applications meet lender and compliance requirements, maintains accurate records, updates brokers, and coordinates settlement documentation and timelines. The position is remote in the Philippines or Nepal and works Australian business hours.
Requirements
- Previous experience in Australian commercial loan processing, commercial credit analysis, or commercial mortgage broking support.
- Strong understanding of Australian commercial lending processes, credit policies, and loan documentation.
- Experience reviewing business financial statements, tax returns, and other financial documents.
- Knowledge of commercial lending structures, including commercial property loans, business loans, and refinancing.
- Understanding of borrower financial assessment and serviceability requirements.
- Experience managing multiple loan applications and meeting deadlines.
- Excellent attention to detail, organisational skills, and communication abilities.
- Ability to work independently while collaborating effectively with Australian mortgage brokers and lending teams.
- Strong analytical and problem-solving skills.
- Ability to interpret complex financial documents.
- Excellent written and verbal English communication skills.
- Proactive approach to following up on outstanding requirements.
- Strong time management and prioritisation skills.
- Ability to identify potential risks, documentation gaps, and issues that may affect a loan application.
- High level of accuracy when preparing credit submissions and supporting documents.
Nice To Haves
- Experience with BrokerEngine, Mercury / Mercury Nexus, AFG FLEX, ApplyOnline (AOL), Quickli, MyCRM, and Microsoft Office Suite, particularly Excel.
Responsibilities
- Manage end-to-end commercial loan processing, from application preparation through settlement.
- Review and assess borrower documentation, including financial statements, tax returns, bank statements, and business financials.
- Prepare credit proposals, loan submissions, and supporting documentation for commercial lending applications.
- Analyse borrower financial positions, income, liabilities, and repayment capacity.
- Research lender policies and identify suitable commercial lending options.
- Assist with commercial property purchases, refinancing, business acquisitions, and other commercial lending transactions.
- Liaise with brokers, lenders, solicitors, valuers, accountants, and other relevant stakeholders.
- Monitor loan application progress, follow up on outstanding documents, and manage lender conditions.
- Ensure loan applications meet lender requirements and relevant compliance standards.
- Maintain accurate records and provide regular updates to brokers on application progress.
- Coordinate settlement requirements and ensure all necessary documentation is completed within required timeframes.
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What This Job Offers
Job Type
Full-time
Education Level
No Education Listed
