Commercial Loan Processor
About The Position
Provides operational support to the Commercial Services Department by coordinating workflow of commercial loan requests from approval to closing, booking, and post-closing audit. This position coordinates the service and management of loan documentation, loan booking, filing and recording liens, maintenance of collateral perfection, administration of loan files and tracking of post-closing loan requirements. By monitoring incoming commercial loan requests to ensure compliance with internal policies and procedures as well as regulatory and legal requirements, this role will help safeguard our institution and our members’ finances.
Requirements
- Five years of experience as a commercial loan processor or closer with experience in most aspects of underwriting/processing/closing commercial loans for a similar type of financial institution.
- Experience in commercial regulatory and/or banking policy preferred.
- A current driver’s license.
- Proven ability for exceptional proofreading skills with a focus on consistency and technical precision.
Nice To Haves
- Associates Degree, Bachelor’s Degree or Paralegal certificate preferred.
Responsibilities
- Close loans in compliance with credit approval, loan settlement statement, and audit procedures
- Perform loan document review and due diligence review of third-party reports.
- Request and obtain necessary documentation, including but not limited to, entity documents, title commitments, surveys, appraisals and environmental reports from third party providers such as attorneys, inspectors and appraisers.
- Work with outside counsel to initiate loan documentation, including legal searches required by obtaining property tax information, calculating tax escrows, and preparing loan closing numbers.
- Ensures accurate documentation is prepared for each loan prior to closing.
- Reviews documents for accuracy and adherence to approval terms.
- Review loan documentation for accuracy and completeness prior to closing.
- Processes invoices, fees collected and calculates disbursements at closing to ensure accurate accounting tracking.
Benefits
- Extensive Training
- Exceptional Benefits
- Career Growth
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
