Loan Officer Jobs

About The Position

Requirements

• A minimum of four years of related experience and an understanding of commercial loan products and collateral.
• Proficiency in reviewing and interpreting attorney-prepared legal documents.
• Proficient reading, writing, grammar, and mathematics skills.
• Proficient interpersonal and communication skills.
• Strong understanding of commercial loan structures, collateral, and regulatory compliance requirements.
• Above-average knowledge of loan documentation, banking operations, and loan servicing.
• Familiarity with loan documentation software, loan origination systems, and banking regulations.
• Strong attention to detail and organizational skills, with the ability to manage multiple priorities and work under deadlines.
• Ability to sit, stand, walk, bend, stoop, reach, manipulate or handle objects, and lift items weighing 20 pounds or less; visual, auditory, and speaking skills.

Nice To Haves

• A B.S. or B.A. degree in a related field of study is preferred.
• Specialized financial lending education and training is preferred.
• Paralegal certification or similar training is highly preferred.

Responsibilities

• Coordinate end-to-end closing and settlement for commercial loans, participations, swaps, and syndicated credit facilities.
• Work with attorneys, title companies, settlement agents, and others to coordinate closings, order surveys or title work when needed, and ensure mortgage documentation is completed and delivered on time.
• Review approved loan packages to confirm that all terms and conditions are satisfied before closing.
• Review loan, participation, and syndication agreements, promissory notes, settlement statements, and other closing documents for alignment with approved credit terms.
• Review documents received from attorneys or title companies for accuracy before closing and verify required insurance, title, and collateral records.
• Prepare loan settlement documentation in accordance with current regulations, policies, and procedures; perform second checks when needed.
• Resolve documentation discrepancies and issues before closing or funding, make corrections, and ensure corrected documents are signed and processed promptly.
• Issue closing instructions to the settlement agent or attorney and prepare closing documents for portfolio loans.
• Calculate funding amounts and validate loan-share allocations, funding amounts, and fee distributions among participating institutions.
• Monitor the closing pipeline and deadlines, manage multiple loan files, and proactively obtain required conditions and documents.
• Maintain an acceptable error rate while managing a high-volume pipeline.
• Train other department personnel as required.
• Maintain accurate, organized loan files and detailed records of closing and funding activities to support audits, quality control reviews, and regulatory examinations.
• Coordinate tasks and information with department personnel and other departments, respond to inquiries within established time frames and policies, and communicate with management and staff to integrate goals and activities.
• Assist the immediate supervisor with administrative tasks and special projects as directed.
• Maintain confidentiality of customer information and escalate issues to management as necessary.

Benefits

• Medical plans with prescription drug coverage
• Flexible spending account
• Dental insurance
• Vision insurance
• Life insurance
• 401(k) program with employer match
• Employee stock purchase plan
• Paid time off
• Paid holidays
• Disability insurance coverage
• Parental leave
• Employee assistance program
• Tuition reimbursement
• Mentorship programs
• Individualized development and career counseling
• Mid Penn University courses and development programs