Loan Process Specialist

Farm Credit Illinois•Sherman, IL

13d•$48,000 - $65,000

About The Position

The Loan Process Specialist works in Farm Credit Illinois’ Field Operations Department and reports directly to a Regional Manager located in a regional office. Acting as the “Deal Champion” for loans, the specialist ensures timely and accurate processing of loans originated by Lending AVP/VPs and Regional Managers. The role participates in several stages of the credit lifecycle for relevant loans, supporting applications, pre-qualification, processing, closing, booking, funding, and ongoing member service.

Requirements

High school diploma and 3 years of related experience in finance, accounting, or general business, or equivalent education, experience, and skillset sufficient to perform the essential functions of the role.
General knowledge of accounting principles and credit processing procedures.
Strong organizational skills and ability to gather, compile, and manage detailed information.
Effective problem-solving, communication, and relationship-building skills.
Ability to manage multiple tasks, adapt to changing priorities, and use technology to improve efficiency.
Ability to work collaboratively and maintain positive working relationships.

Responsibilities

Gather, review, and organize required documentation for loan applications, ensuring files are complete and accurate for submission to Credit Services.
Support pre-qualification by collecting member and prospect information, entering loan data into the loan origination system, and responding to loan-related inquiries.
Process new and existing loans by completing due diligence, reviewing loan documentation, coordinating with internal teams and external partners, and supporting closings.
Lead and support processing for real estate, FLCA, PCA, non-traditional, and government-related loans, including title work, collateral documentation, and funding activities.
Support loan closing, booking, and funding by checking documentation for accuracy, coordinating required filings, and submitting completed packages to internal custodians and accounting teams.
Provide ongoing member service by facilitating loan servicing requests, monitoring portfolio documentation, supporting cross-sell opportunities, and assisting team members.
Participate in training, projects, and committee work while upholding data security, confidentiality, and Association standards.