Commercial Loan Processor
About The Position
The Equitable Bank is seeking a full-time Commercial Loan Processor. The role primarily reviews and processes commercial loan applications from initial intake through closing, coordinating with internal and external stakeholders to gather required documentation and prepare loan materials. It also supports loan servicing and lender administration, including renewals, modifications, file maintenance, documentation tracking, and monitoring tickler reports. The position is scheduled Monday through Friday, 8:30 a.m. to 5:00 p.m.; additional hours or overtime are required during peak volume and as departmental needs arise.
Requirements
- At least 2 years of experience in commercial loan processing or servicing.
- Familiarity with loan documentation, regulatory requirements, and standard banking practices.
- Strong organizational and time management skills, with high attention to detail.
- Excellent communication and interpersonal skills.
- Proficiency in Microsoft Word, Excel, and Outlook.
- Ability to maintain confidentiality and work in a team-oriented environment.
- High school diploma or equivalent.
Nice To Haves
- Community banking experience.
- Experience with loan origination and core banking systems, preferably LaserPro and Fiserv-Cleartouch.
- An associate’s or bachelor’s degree in business or finance.
Responsibilities
- Review and process commercial loan applications from initial intake through closing.
- Coordinate with lenders, underwriters, inter-bank departments, customers, attorneys, title companies, and other stakeholders to collect required documentation.
- Order and track third-party reports, including appraisals, environmental reports, and UCC searches.
- Prepare loan closing packages, commitment letters, and internal forms.
- Enter data accurately and promptly into the bank’s loan origination system.
- Maintain documentation checklists and follow up on outstanding items to ensure loan files are complete.
- Process loan renewals, extensions, modifications, and annual reviews in coordination with the lending team.
- Perform file maintenance and documentation tracking for commercial loan portfolios (future duty).
- Monitor tickler reports and follow up on required documents.
- Compile customer information for relationship reviews, cross-sell opportunities, and CRM updates (future duty).
Benefits
- 401(k) with a 4% dollar-for-dollar employer match
- Paid time off
- Bank-paid life insurance equal to four times annual salary
- Medical, dental, and vision insurance
- Flexible spending and childcare accounts
- Personal banking and loan benefits
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
Education Level
High school or GED
