Commercial Loan Processor II

About the role

The Commercial Loan Processor II supports the loan origination process by managing and coordinating all aspects of commercial loan applications, including processing, funding, servicing, file maintenance, and quality assurance. This role assists department supervisors, commercial lenders, and underwriters, coordinates commercial loan closings, and provides professional service to members and staff.

Responsibilities

• Prepare commercial loan documents for purchases, renewals, modifications, and change in terms; complete quality assurance on pre-close packages.
• Actively participate in the commercial loan workflow system to move loan requests forward.
• Assist with loan packaging, lien filings, and quality assurance within the Small Business Lending LOS portal.
• Coordinate loan closings with commercial lenders and title companies.
• Collect upfront loan fees from member borrowers and disburse fees to appropriate vendors or institutions.
• Fund and book loans via data systems at closing; send wire transfers for loan payoffs and disbursements.
• File official documents with appropriate counties and states; assemble, review, and store paper loan files.
• Quote and process commercial payoff requests; archive paid-off commercial loan documentation.
• Prepare and process mortgage releases, UCC continuations, and terminations.
• Prepare and send out adverse action notices.
• Work with insurance companies to obtain appropriate documentation and liens prior to closings and during annual reviews.
• Understand core system sufficiently to answer phone calls and fulfill maintenance-related requests.
• Communicate with members, commercial lending team, and others to exchange pertinent loan information.
• Order appraisals, title work, floodplain, and environmental reports; review title insurance commitments for outstanding liens and requirements.
• Produce and review recurring reports for exceptions; perform research and file maintenance as needed.
• Create and file monthly reports to senior management on production and loan closings.

Requirements

• High School Diploma.
• Two to three years of previous related experience preferred.
• Working knowledge of commercial loan documentation and LaserPro.
• Strong understanding of business loan processing.
• Familiarity with Abrigo Sageworks and Meridian Link.
• Familiarity with accounting procedures, reconcilements, and accrual accounting.
• Advanced knowledge of spreadsheet software and all department software applications.
• Ability to work under time constraints and meet deadlines.
• Knowledge of SBA processing is helpful.
• Attention to detail and strong organizational skills.
• Excellent verbal and written communication.
• Proficiency in Microsoft Office.

About Heritage Federal Credit Union

Heritage Federal Credit Union is a full-service financial institution with over $1 billion in assets, serving more than 65,000 members across multiple counties in Indiana, Kentucky, and Illinois. As a nonprofit, we provide low-cost financial services and are mission-driven to improve the daily lives of our members and communities through donations, sponsorships, and volunteerism. Founded in 1965, Heritage Federal is committed to offering the best financial products and services while giving back locally.

More information can be found at heritagefederal.org.