Commercial Loan Processor

NATIONAL BANK OF COMMERCEBemidji, MN
Onsite

About The Position

The Commercial Loan Processor is a key operational role within the commercial lending team, responsible for ensuring accurate preparation, validation, and execution of commercial loan documentation. This position serves as a central coordination point between Commercial Bankers, Credit Analysts, customers, attorneys, and title companies, helping maintain the integrity and compliance of every loan file from origination through closing. This role plays an essential part in maintaining the health of the commercial loan portfolio by monitoring financial and collateral requirements, tracking exceptions, maintaining reporting items, and ensuring proper collateral insurance. The Commercial Loan Processor also oversees the organization and preservation of commercial credit files and manages the processing of paid‑off loans in accordance with regulatory and retention standards. A strong understanding of banking regulations—including BSA, AML, CIP, HMDA, and related requirements—is fundamental to this position. The Commercial Loan Processor ensures all documentation and processes align with internal policies and federal and state regulations, contributing to a compliant, efficient, and customer‑focused lending environment.

Requirements

  • Associate’s degree in a related field or 2+ years of comparable experience (or an equivalent combination of education and experience)
  • Strong professionalism, tact, and diplomacy when working with internal and external partners
  • Clear and effective written and verbal communication skills
  • Ability to work collaboratively as a team member while maintaining a positive attitude in high‑pressure situations
  • Comfortable adapting to shifting priorities and a rapidly growing business environment
  • Capable of working independently and navigating situations where processes may vary
  • Strong comprehension, analytical reasoning, problem‑solving, and critical‑thinking abilities
  • Advanced math skills, including calculating interest, rates, ratios, and percentages
  • Consistent demonstration of core values: Respect, Integrity, Teamwork, and Accountability
  • Strong understanding of banking regulations—including BSA, AML, CIP, HMDA, and related requirements

Responsibilities

  • Accurate preparation, validation, and execution of commercial loan documentation.
  • Serve as a central coordination point between Commercial Bankers, Credit Analysts, customers, attorneys, and title companies.
  • Maintain the integrity and compliance of every loan file from origination through closing.
  • Monitor financial and collateral requirements.
  • Track exceptions.
  • Maintain reporting items.
  • Ensure proper collateral insurance.
  • Oversee the organization and preservation of commercial credit files.
  • Manage the processing of paid‑off loans in accordance with regulatory and retention standards.
  • Ensure all documentation and processes align with internal policies and federal and state regulations.

Benefits

  • Health, dental, and vision plan for you, your spouse, and eligible children
  • Health Savings Account (HSA) contribution (including employer contributions)
  • Flexible spending accounts
  • 401(k) plan with a generous match
  • Paid time off program
  • Paid holidays & floating holidays
  • Volunteer time off program
  • Employer paid life insurance
  • Voluntary life plans
  • Short-term disability insurance
  • Long-term disability insurance
  • Health and wellness incentive
  • Employee assistance program

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What This Job Offers

Job Type

Full-time

Career Level

Mid Level

Education Level

Associate degree

Number of Employees

101-250 employees

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