Commercial Loan Processor

Westmark Credit Union • Idaho Falls, ID

2d • $18 - $23 • Onsite

About The Position

Under general supervision, this role is responsible for preparing commercial loan documents and assisting with the booking of commercial loans. The position also involves processing incoming documentation from commercial borrowers, such as financial statements, and managing tasks related to record-keeping, scanning, and archiving of commercial loan documents to ensure accurate and organized files.

Requirements

• High School Diploma or equivalent.
• Minimum one year of experience in commercial lending, either at Westmark or a similar financial institution.
• Proficiency in Microsoft Word and Excel, including formula functionality.
• Strong understanding of loan forms and directives related to loan processing.
• Demonstrated attention to detail and organizational skills.
• Effective oral and written communication abilities.
• Interacts with commercial loan clients and colleagues in a professional and respectful manner.
• Maintains a courteous and professional demeanor, representing Westmark positively during and outside of work hours.
• Demonstrates consistent attendance and takes ownership of responsibilities.
• Accurately processes detailed information while adhering to established timelines.
• Exhibits a positive, enthusiastic attitude toward responsibilities and team goals.
• Remains flexible and open to learning opportunities, supporting the overall mission of the department.

Responsibilities

• Serve as the first point of contact by answering department phones, taking messages, and ensuring prompt follow-up on commercial loan inquiries.
• Review commercial and construction loan documents prior to closings to confirm all required documents are prepared for valid funding.
• Input loan information into the commercial lending systems to assist Commercial Loan Officers efficiently.
• Process commercial and construction loan disbursements through ACH deposits, wires, or cashier’s checks, ensuring accuracy and compliance.
• Handle incoming draw requests on commercial lines of credit, verifying sufficient documentation is available for final approval by a Commercial Loan Officer.
• Maintain accurate records for all active commercial and consumer-side residential construction loans, including proper draw requests, inventory inspection reports, lien waivers, indemnity agreements, and funding receipts.
• Scan and organize tax returns, financial statements, and other loan documents into the commercial lending systems or imaging systems as directed by Commercial Loan Officers.
• Participate in external events aligned with the business lending mission as assigned.
• Perform additional duties as directed by the VP of Commercial Lending.

Benefits

• Paid Time Off (3 to 5 weeks per year, depending on tenure)
• 11 paid holidays
• Excellent health insurance options for employees and family with shared premiums
• 401k with 75% company match
• 2% profit sharing contribution
• Tuition Reimbursement
• Scholarships
• Employee Assistance Program (Free counseling and legal services)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED