Commercial Loan Processor
About The Position
The Commercial Loan Processor analyzes business financial and credit data, computes ratios, verifies income, determines customer's financing objectives, gathers additional required information from applicants. Accurately calculates terms, finance charges, and insurance on loans. Presents narrative on financial statement and business analysis findings for inclusion in credit approval documents. Must have a strong knowledge of accounting, business financial statements, computer skills, including Microsoft Word and Excel, and financial statement spreading software. The Commercial Loan Processor assumes responsibility for title searches, appraisals, credit reports, follows through to closing on all supporting documents. Prepare LaserPro loan documents, title escrow letters, wire transfer forms, and loan funding reconcilements. Sets up new, and maintains, digital loan files. Pulls flood certificates, credit reports, appraisals, environmental reports, title commitments, insurance certificates, verifies that loan documentation is accurate and complete, maintains a log of outstanding items. Follow-up for post-closing file documentation needed for conventional loans, SBA 7a, SBA 504 and USDA loans.
Requirements
- Strong knowledge of accounting
- Strong knowledge of business financial statements
- Computer skills, including Microsoft Word and Excel
- Financial statement spreading software
- Two years' experience in the real estate finance processing required
- Must be analytic
- Must have attention to detail
- Must be driven and ambitious
- Works well individually and with a team
Nice To Haves
- Bachelor's degree preferred in a related field, or an equivalent combination of education, formal training, and experience
Responsibilities
- Analyzes business financial and credit data
- Computes ratios
- Verifies income
- Determines customer's financing objectives
- Gathers additional required information from applicants
- Accurately calculates terms, finance charges, and insurance on loans
- Presents narrative on financial statement and business analysis findings for inclusion in credit approval documents
- Assumes responsibility for title searches, appraisals, credit reports
- Follows through to closing on all supporting documents
- Prepare LaserPro loan documents, title escrow letters, wire transfer forms, and loan funding reconcilements
- Sets up new, and maintains, digital loan files
- Pulls flood certificates, credit reports, appraisals, environmental reports, title commitments, insurance certificates
- Verifies that loan documentation is accurate and complete
- Maintains a log of outstanding items
- Follow-up for post-closing file documentation needed for conventional loans, SBA 7a, SBA 504 and USDA loans
Benefits
- Competitive wage starting at $25.00 to 28.00 / hour, depending on experience
- Potential to earn a quarterly bonus
- Medical and dental insurance
- 4 weeks of Paid Parental Leave for the birth of a child
- 8 weeks of Paid Pregnancy-Related Medical Leave
- 20 PTO days
- 12 paid holidays
- Tuition reimbursement up to $2,500 each year
- 401(k) plan
- Training opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
