Commercial Loan Processor
About The Position
Manage and coordinate the documentation, verification and administrative steps required to process commercial loan applications from submission through approval and closing. Starting Hourly Rate: $22.00 ESSENTIAL FUNCTIONS: Complete regulatory due diligence to validate information required for documentation; obtain and/or conduct a thorough review of corporate and collateral documentation including but not limited to certificates of existence, flood determination, UCC searches, appraisals, lien searches, title searches/commitment to check for accuracy, completeness and compliance with loan approval guidelines and internal policies. Manage Originator’s pipeline, track active loans, data entry. Review approved credit memos to understand the type and structure of the loan in order to correctly identify the necessary loan documents to ensure accurate funding under the appropriate collateral code. Ensure final title policy is received and reviewed for accuracy. Manage insurance, UCC and property tracking. Create SBA loan files in third party SharePoint software for loan boarding. Request status updates from preapprovals. Provide support in the collection and preparation of submitting loan applications with backing documentation to processing. Quote rates and price loans according to operation recommendations. OTHER DUTIES/RESPONSIBILITIES: Open accounts. Prepare an initial fee worksheet. Establish and maintain filing and record keeping procedures. Set up ACH/Auto transfer file maintenance. Provide any necessary assistance through production and underwriting process. Complete CUBG service and document request forms, SBA 1919 forms and 4506C forms. Prepare and fax payoff quotes, close credit lines per member request, post payoff checks. Audit all funded Commercial loans. Send miscellaneous documents via AdobeSign (member apps, auto transfer forms). Attend Commercial lending training sessions. Assist with audits/exams. Assist with project testing, training and support. Gain and retain a high-level knowledge of all TFCU products, policies and procedures. Adhere to TFCU’s attendance and punctuality policy. Maintain a professional businesslike appearance in accordance with TFCU’s dress code policy. Engage in behavior that aligns with the credit union’s cultural beliefs.
Requirements
- High school diploma or its equivalent preferred
- Two (2) years of financial institution experience required
- Ability to gain and retain a familiarity of Lending policies and procedures
- Outstanding time management skills
- Ability to prioritize workflow and accurately complete multiple tasks
- Strong written and verbal communication skills
- Knowledge of Microsoft suite of software including Word and Excel
- Strong attention to detail and accuracy
- Problem-solving and researching abilities to service accounts
- Ability to exercise judgment and initiative in dealing with members and member complaints
- Availability: Monday through Friday as scheduled
Nice To Haves
- One (1) year business servicing experience preferred
Responsibilities
- Complete regulatory due diligence to validate information required for documentation
- Obtain and/or conduct a thorough review of corporate and collateral documentation including but not limited to certificates of existence, flood determination, UCC searches, appraisals, lien searches, title searches/commitment to check for accuracy, completeness and compliance with loan approval guidelines and internal policies
- Manage Originator’s pipeline, track active loans, data entry
- Review approved credit memos to understand the type and structure of the loan in order to correctly identify the necessary loan documents to ensure accurate funding under the appropriate collateral code
- Ensure final title policy is received and reviewed for accuracy
- Manage insurance, UCC and property tracking
- Create SBA loan files in third party SharePoint software for loan boarding
- Request status updates from preapprovals
- Provide support in the collection and preparation of submitting loan applications with backing documentation to processing
- Quote rates and price loans according to operation recommendations
- Open accounts
- Prepare an initial fee worksheet
- Establish and maintain filing and record keeping procedures
- Set up ACH/Auto transfer file maintenance
- Provide any necessary assistance through production and underwriting process
- Complete CUBG service and document request forms, SBA 1919 forms and 4506C forms
- Prepare and fax payoff quotes, close credit lines per member request, post payoff checks
- Audit all funded Commercial loans
- Send miscellaneous documents via AdobeSign (member apps, auto transfer forms)
- Attend Commercial lending training sessions
- Assist with audits/exams
- Assist with project testing, training and support
- Gain and retain a high-level knowledge of all TFCU products, policies and procedures
- Adhere to TFCU’s attendance and punctuality policy
- Maintain a professional businesslike appearance in accordance with TFCU’s dress code policy
- Engage in behavior that aligns with the credit union’s cultural beliefs
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
