Commercial Loan Processor

Central Penn Bank & Trust•Mifflinburg, PA

About The Position

The Commercial Loan Processor supports the loan processing function by coordinating work within the department and with other departments, reporting relevant information to the immediate supervisor, and responding to inquiries and information requests. The role works with lenders and lending support teams on loan disclosures, documentation, closing, funding, servicing-related tasks, and customer inquiries across real estate, personal, credit line, and business loans.

Responsibilities

Work with lenders to assist in preparing early and closing disclosures for all loan types.
Work closely with members of the lending and lending support teams to provide assistance as needed.
Enter and prepare loan documents for applications and closings, including real estate, personal, credit line, and business loans.
Order appraisals, lien searches, and flood certifications.
Assist with preparing loan commitment letters when needed.
Ensure files meet the guidelines of investors, MI companies, or the RHS guarantee program.
Fund FNMA through ULDD and prepare FHLB loan presentments for secondary-market funding.
Prepare monthly funding reports to send to DMI.
Assist lenders with questions concerning secondary-market files.
Prepare attorney requisitions and schedule loan closings as needed.
Process and disburse closed loans; organize loan documents in loan folders; maintain progress checklists for mortgage files and incomplete lists for secured loans.
Make payoffs to local banks, the tax claim office, and other parties as needed.
Maintain complete loan files and gather documents and information needed to complete files.
Assist with escrow accounts, including bill disbursements and annual escrow analysis, as needed.
Assist with reviewing loan-system changes, form changes, and modification changes.
Quote and process loan payoffs.
Correct loan payment errors.
Update repayment schedules and automatic payments when required and obtain the correct signed documents for those changes.
Check daily billing and reminder notices.
Process online transfers and loan payments for customers by phone request.
Answer the telephone when needed and assist customers with loan information.
Comply with company policies and procedures.
Perform other administrative duties as assigned.