Commercial/Consumer Loan Processor

About the role

Stillman Bank is a locally owned community bank founded in 1882 with six locations across Ogle and Winnebago counties. This position prepares and processes loan documentation for commercial, consumer, and agricultural loan requests in accordance with bank policies, procedures, and regulatory requirements, working closely with lenders and Relationship Manager Associates to ensure files are complete, accurate, and properly documented prior to closing and booking.

Responsibilities

• Prepare loan documentation for commercial, consumer, and agricultural loan requests using approved documentation systems and forms.
• Review approved loan requests to ensure all required information, approvals, and supporting documentation are complete prior to documentation preparation.
• Coordinate internally with lenders, Relationship Manager Associates, appraisal vendors, title companies, attorneys, and other third parties as needed to facilitate loan closings.
• Verify collateral documentation, insurance coverage, lien perfection requirements, and other closing conditions.
• Ensure loan documentation complies with bank policy, regulatory requirements, and underwriting approvals.
• Prepare, review, and organize loan closing packages for accuracy and completeness.
• Assist with loan renewals, modifications, extensions, and maintenance requests.
• Track outstanding items and documentation exceptions and communicate status updates to lenders and RMAs.
• Maintain organized electronic and physical loan files in accordance with record retention standards.
• Work closely with Loan Accounting and Loan Operations staff to ensure timely and accurate loan boarding and funding.
• Support internal and external audits, loan reviews, and examinations by providing requested documentation and information.
• Maintain knowledge of lending regulations, documentation requirements, and bank procedures related to commercial, consumer, and agricultural lending.
• Perform other duties and special projects as assigned.

Work environment

This is an on-site position working 40 hours per week, Monday through Friday, in a typical office environment with moderate noise levels and temperatures. The role requires operating typical electronic office equipment such as computers, copiers, fax machines, and scanners. It is primarily sedentary but involves occasional standing, walking, lifting, carrying, bending, kneeling, stretching, stooping, and manual dexterity using hands and fingers. Extensive reading and viewing of paper documents and computer screens is required.

Requirements

• High school diploma or equivalent required; associate or bachelor’s degree in business, finance, or related field preferred.
• Minimum of 2 years of experience in loan processing, loan operations, documentation preparation, or related banking experience preferred.
• Experience with commercial, agricultural, and consumer loan documentation strongly preferred.

Knowledge, Skills, and Abilities

• Strong understanding of loan documentation and collateral requirements.
• Knowledge of banking regulations and compliance requirements related to lending.
• Strong attention to detail and organizational skills.
• Ability to prioritize multiple tasks and meet deadlines in a fast-paced environment.
• Strong written and verbal communication skills.
• Ability to work independently while collaborating effectively with lenders, RMAs, and operations staff.
• Proficient in Microsoft Office products and banking software systems.
• Ability to maintain confidentiality and exercise sound judgment.

Pay

This is an hourly, non-exempt position with an expected pay range of $19.00 – $26.00. The hourly rate may be higher for candidates with direct experience in commercial loan processing.

Benefits

• Paid time off available up front, including paid vacation time, paid flex (personal) time, paid volunteer time off, and 11 paid holidays.
• Health plans, dental insurance, and vision insurance offered through Blue Cross Blue Shield of Illinois.
• Short-term disability, long-term disability, and life insurance provided by the bank; additional life insurance available for purchase at group rates.
• Discretionary 401k match and profit-sharing contributions made on your behalf after meeting eligibility requirements.