Commercial Loan Processor

Home Bank SB•Martinsville, IN

15d•Onsite

About The Position

The commercial loan processor position is part of the commercial lending department and reports to the commercial credit analyst. The primary responsibility of this position includes managing the workload of the commercial processing department. This includes but is not limited to processing and document preparation for new loans, balancing loan accounts and tracking exception items. This position will serve as a liaison between the lender and the customer when questions arise regarding the status of an impending loan. Other duties covered by this position include completing loan closing documents and assisting customer with loan questions, payments and payoff, making sure that tasks are completed in a timely manner, and making sure that the workload is spread evenly between all commercial loan processors.

Requirements

Must have a high school degree or equivalent.
One to three years' experience in a related position in a community bank preferred.
This job requires skills needed in a typical office environment. This includes computer skills, communications skills, as well as utilization of office equipment.
Strong business and financial knowledge
Loan Processor job knowledge
Knowledge of department-related financial services regulations and compliance
Knowledge of lending and lending policies and procedures
Strong knowledge of the company's products and services
Knowledge of the company's operations and management

Responsibilities

Provide loan processing support for commercial loans. This will involve underwriting support, loan documentation preparation, loan booking, and loan maintenance.
Maintain knowledge of current loan documentation guidelines for commercial loans to perfect the banks lien on the collateral.
Assist with the processing of loan payments and advances for the loan operations department.
Responsible for maintaining loans in pending for progress, including ordering and tracking appraisals, title work, and other information necessary for loan closing.
Conduct the preliminary file review prior to loan closings to ensure all documentation is accurate.
Preparing and mailing denial letters, processing paid loans, as well as prepare loan advances.
Scan lending documents and processing rate changes.
Answer customer questions and make any necessary corrections to the customer's file.
Answer customer questions that arise during the loan process and on an on-going basis thereafter.
Handle SBA loan monitoring, payment processing and correspondence with our SBA servicing agent.
Handle participation loan monitoring, payment processing and correspondence with participant banks.
Maintain, review and process insurance certifications and tracking to ensure all collateral insurance is up to date.
As part of the overall loan operations team, this position may be requested to assist in the support of other bank activities including other lending areas and departments of the bank.