Commercial Loan Processor

About the role

The Commercial Loan Processor provides day-to-day operational support to the loan department, including posting loan payments and advances, processing address and risk rating changes, preparing loan payoff statements, and completing credit verifications.

Responsibilities

• Post loan payments and advances on large commercial loans
• Perform address changes and risk rating changes
• Follow up on items in monthly tickler reports and loan-related exceptions to ensure timely resolution and policy compliance
• Prepare and review loan documentation
• Determine loan request has appropriate approval as required by loan policy. Prepare loan documents as requested for loan officers, as assigned. Review loan documents for accuracy and completeness prior to and post closing, in accordance with applicable legal requirements and the bank's loan policy.
• Book loans to the loan system according to bank guidelines accurately and in a timely manner
• Create or add to existing loan file and forward documents to other Review Representatives for editing and final review. Mail necessary documents for recording at the appropriate filing office (ROD, DFI, etc.) in a timely manner.
• Identify ticklers for Credit Quest tracking - tracking missing or unrecorded documents and loan policy and documentation exceptions. Follow up and resolve any incomplete or incorrect items identified by edit in a timely manner.
• Timely and professional response to emails and telephone calls to the loan department

Qualifications

• Banking experience in commercial loan processing required
• Ability to work independently and use independent judgment with minimal supervision
• Demonstrated success with written communication, and ability to assess and analyze information, formulate conclusions and recommendations, and prepare well-written reports that will be reviewed and presented
• Strong desire to be curious and inquisitive, and self-confidence to ask questions