Commercial Loan Processor

Hudson Valley Credit Union • Poughkeepsie, NY

115d

About The Position

Hudson Valley Credit Union is currently recruiting for the position of Commercial Loan Processor. Primary Function: Determine requirements and complete all due diligence associated with the commercial loan documentation and closing process. Prepare commercial loan documents. Communicate proactively with Commercial Loan Officers, Commercial Credit Analysts, business members and third party vendors to ensure the CU meets the closing date and time expectations of the borrower. Coordinate commercial loan closings and maintain documentation software. Upload commercial loan information into system and prepare loans to be funded. Complete commercial loan quality control and data for various reports including HMDA. Provide service to internal and external member requests.

Requirements

• High School Diploma, General Education Development (GED) certificate, or state authorized high school equivalent certificate required.
• Minimum 1 Year Commercial loan processing experience required.

Nice To Haves

• Associate’s Degree preferred.

Responsibilities

• Review commercial loan approval/credit memo and determine due diligence requirements.
• Request, review and interpret supplemental vendor due diligence information to ensure borrower, collateral and guarantor requirements are met.
• Draft and/or review commercial loan commitment letters and other loan closing documentation in accordance with approved terms and conditions.
• Prepare loans for booking and funding, to include new loans, modifications and renewals.
• Process and monitor commercial construction loan advances including ordering title reports.
• Prepare ongoing various reports for senior management and Commercial Lending staff.
• Perform both pre and post-closing quality control, ensuring that all commercial loans are accurate and in compliance with policies and regulations.
• Reconcile GL accounts and process invoices and checks received for various commercial lending functions.
• Maintain and update commercial loan documentation, including updates and revisions to Laserpro documents.
• Achieve goals assigned to the Commercial Loan Processor as part of the assigned departments’ annual operating plan.
• Adhere to all Credit Union policies, procedures, and regulatory agency requirements.
• Participate in all required and recommended training and development.
• Embrace and apply HVCU’s guiding principles to all activities and responsibilities.
• Responsible for regular and predictable attendance including punctuality.

Benefits

• Base & Variable Pay Structures
• Paid Personal, Holiday & Volunteer Time Off
• Professional Development Training through HVCU University & Academy
• Student Loan Repayment & Tuition Reimbursement Programs
• Medical, Dental & Vision Coverage
• 401(k) With Employer Match & Non-Elective Employer Contribution
• Life, Short-term & Long-term Disability Insurances
• Discounted Loan Rates & Fees

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 501-1,000 employees