Commercial Loan Processor | Full-Time

Avadian Credit Union•Homewood, AL

63d

About The Position

The Commercial Loan Processor will be responsible for performing administrative tasks for commercial loan processing. The Commercial Loan Processor will coordinate with commercial lenders, underwriters, closing attorneys, and other required external vendors to collect and prepare all loan documents to be uploaded and submitted for underwriting to meet required timelines in order to close commercial loans.

Requirements

Must possess excellent computer skills and be proficient in Microsoft Word, Excel, and PowerPoint.
Must be able to create, manage, and work with various Excel spreadsheets.
Must be detail oriented, possess strong organizational and prioritization skills, and demonstrate a commitment to accuracy and quality while meeting deadlines.
Must possess effective time management skills and be able to multi-task on a regular basis.
Three to five years of similar or related experience.
Associate's degree or equivalent professional experience in commercial or business lending preferred.

Nice To Haves

A background in commercial compliance or prior commercial loan assistance is a plus.
Understanding of mortgage loan processes and requirements preferred.

Responsibilities

Responsible for receiving and processing all incoming loan requests and ensuring the loan is boarded in a timely and accurate manner.
Responsible for maintaining a specialized knowledge of documentation, terminology, Member Business Loan (MBL) Policy, SBA policy and procedures, and any commercial or business regulations pertaining to MBL Lending.
Sort and organize incoming loans according to the business’s criteria, and ensure accurate, relevant information is entered into the loan processing system.
Perform all functions utilizing a variety of banking and lending system applications.
Take necessary action to resolve deficiencies and escalate questions/concerns to appropriate levels when needed to ensure scheduled loan closing date is obtained.
Assist loan officers with any orders, confirmations, and filing requirements that may arise as well as the processing of withdrawn or denied loans.
Order flood certification, environmental reports, and appraisals.
Communicate any deficiencies with loan officers to ensure loan is within compliance, regulatory, and policy requirements.
Order and review title with loan officers to clear any items that would prevent the Credit Union from being in first lien position.
Collect and review organizational documents for proper ownership.
Verify beneficial ownership and Secretary of State filings for membership eligibility and follow up with loan officers to ensure accuracy of legal entities.
Maintain knowledge in preparing documents for all types of commercial loans, including but not limited to real estate, non-real estate, business Visas, unsecured lines of credit, construction loans, term loans, extensions, renewals, and modifications.
Maintain communication with loan officers and underwriters throughout the loan process to ensure loan underwriting and documentation accuracy.
Order loan closing documents needed to support timely loan closings, and review loan documents for accuracy based on details submitted for underwriting.
Transmit documentation, emails, and/or packages to lenders, underwriters, title companies, and closing attorneys to schedule loan closings as requested.
Correlate with assigned closing attorneys to ensure attorney prepared requests are accurate compared to the loan approval.
Perform other duties as assigned.