Commercial Loan Processor

JOB SUMMARY: The Commercial Loan Processor will be responsible for processing from start to finish all new loans and loan modifications. Once loans are approved, the Commercial Loan Processor will be responsible for funding the loans.

ESSENTIAL DUTIES AND RESPONSIBILITIES INCLUDE THE FOLLOWING:
Other duties may be assigned

Process files and fund loans according to Bank policies.

Prepare a needs list consisting of outstanding items needed to submit a file for underwriting. Create a file for all borrower information, financials etc. that is collected from the borrower.

Order and review credit reports.

Be responsible for verifying completeness of files with all necessary documents and signatures required.

Perform review of commercial loan and collateral documents and loan packages to ensure bank’s security interest and adherence to established policies and procedures.

Once the loan is approved, the Loan Processor will order or prepare loan documents, review loan documents prior to being executed, review executed documents prior to funding, verify all outstanding conditions have been met and fund loans according to the deadlines.

The Loan Processor will follow up for any outstanding conditions and audit all funded files prior to submitting to the file room.

Process draws on lines of credit and construction loans, ensuring that all conditions precedent o funding are met.

The Processor will serve as the point of contact for Customers, Title and Escrow Officers.

May clear all identified loan exceptions. Maintain files, documents, notes, etc.

Update computer system with pertinent collateral information and collateral exception information; track and clear said exceptions.

Work with lending staff in resolving discrepancies in collateral documentation.

Research and process rejected payments and handles payments received when collateral is released.

Constant contact with managers, employees, and external clients on routine and non-routine matters

QUALIFICATIONS:
High School diploma or equivalent credential

Bachelor degree or Associates degree preferred

Minimum 3 years of experience in commercial or residential loan processing.

Basic knowledge of lending processes and procedures, loan documentation, exceptions, collateral review, payment and loan systems.

LaserPro or similar loan documentation experience is a plus.

Knowledge of banking processes

Must have good organizational and customer service skills.

Must possess numeric and verbal aptitudes.

Good written and verbal communications skills.

Ability to complete processes and meet deadlines.

Working knowledge pc’s and various word processing, spreadsheet or related software