Commercial Loan Processor

Bank First National • Manitowoc, WI

71d

About The Position

A Commercial Loan Processor is primarily responsible for preparing commercial loan documentation with a high level of accuracy, ensuring timely completion within established deadlines to meet and exceed customer expectations. In doing so, this position verifies adherence to bank policies, procedures, and regulatory requirements, maintaining the integrity of the commercial loan process. A strong knowledge of Bank First's commercial loan products including SBA programs, letters of credit, agricultural programs, and participations will be developed in this position. Attention to detail and the ability to handle multiple requests in a fast-paced environment to meet established deadlines are required.

Requirements

• Associates Degree or equivalent years of experience
• 3 - 5 years of experience with commercial documents
• Proficiency in MS Word, Outlook and Excel and ability to quickly learn loan processing software
• Strong time management and organization skills are required to manage multiple tasks at various stages and to adjust priorities throughout the day in order to meet strict deadlines in a fast-paced working environment

Responsibilities

• Review loan requests and work closely with Business Service Representatives to collect all necessary information for the preparation of accurate loan documentation.
• Verify critical pre-closing information including legal names, ownership, signing authority, collateral lien status, and ensuring overall compliance with loan policy and government regulations.
• Balance disbursements and closing statements, confirming the inclusion of all loan fees and pre-closing costs such as appraisals, floods, and titlework.
• Develop and maintain a thorough understanding of the required documentation for advanced loan products including letters of credit, participations, swaps, various government programs, and construction financing.
• Confirm all pre-closing documents are properly uploaded and ready to be electronically archived.
• Adhere to all federal HMDA regulations and internal bank policies regarding the reporting of commercial loan data.
• Utilize attention to detail when reviewing and approving outgoing wire transfer requests to ensure accuracy and adherence to bank policy and procedures.
• Clear post-closing collateral exceptions upon verification of the receipt of required documentation.
• Onboard new construction projects by entering and maintaining project information within the construction management software.
• Mitigate risk during the construction draw process by verifying that all required documentation and approvals have been obtained.
• Contribute to a supportive, team-oriented work environment by assisting other team members and departments as needed.
• Adhere to the bank's Code of Ethics consistently demonstrating integrity and professionalism in all tasks and in all interactions.

What This Job Offers

• Industry: Credit Intermediation and Related Activities
• Education Level: Associate degree
• Number of Employees: 251-500 employees