Commercial Loan Processor

4 months ago

Chicago, United States The Symicor Group Full time

Commercial Loan Processor - To $65K - Chicago, IL - Job # 3094
Who We Are

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & San Antonio, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.
The Position

Our bank client is seeking to fill a Commercial Loan Processor role located in the Chicago, IL area. The position is responsible for the preparation, accuracy, and completeness of commercial loan packages, using the Bank's documentation system and procedures. The candidate will be processing and preparing commercial loan products, as assigned.

The opportunity has a generous salary of up to $65K and a full benefits package. (This is not a remote position.)

Commercial Loan Processor responsibilities include:

  • Processing commercial loan requests for both new and renewal loans using prescribed procedures and software.
  • Making an initial review of the loan approval (Profile), using information available on the loan processing software system and credit file, obtaining required information for underwriting, and preparing loan closing documents.
  • Preparing all necessary loan documents including Promissory Note, Business Loan Agreement, Construction Loan Agreement, Disbursement Request and Authorization, Resolutions, and Loan Checklist using information from the loan application, profile, and title policy.
  • Confirming loan approval authority as defined by bank policy; review and obtain an understanding of the loan transaction from the Loan Profile.
  • Determining that initial underwriting documentation is present according to the approval document.
  • Reviewing credit files and determining additional documentation needs to support underwriting requirements, such as entity papers, credit reports, purchase contracts, lien searches, title work, appraisal or evaluation, environmental questionnaire, survey, life insurance, and property liability insurance.
  • Ordering supporting documentation from approved vendors and working with loan officers or customers as needed.
  • Renewal loan processing includes entering the loan into loan software and working with the servicing loan officer to move the approved credit to close.
  • Communicating results of documentation review and any processing issues to the loan officer on a timely basis.
  • Balancing transactions and preparing all general ledger tickets and cashier's checks for disbursement.
  • Preparing wire forms, wire tickets, and authorizing wires for loan proceeds.
  • Processing loan file post-closing, including preparation and delivery of instruction letter and the closing packet to the title company if needed.
  • Assisting with additional loan operation roles, as requested or necessary.
Who Are You?

You're someone who wants to influence your own development. You're looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:
  • High School Diploma or equivalent required; two (2) year degree or higher preferred.
  • Two or more years of experience in commercial loan document preparation and/or document processing.
  • Understanding of the required documentation for commercial term loans and lines of credit and the associated collateral documentation.
  • Ability to prioritize work on complex loan transactions to meet scheduled loan closing dates.
  • Knowledge of compliance requirements for commercial borrowers.
  • Knowledge of related state and federal lending and compliance laws and regulations, and other Bank lending policies.
  • Highly accurate data entry skills and a strong level of skill working with a variety of PC and internet applications, including LaserPro, Excel, Word, and PowerPoint, and the ability to navigate key industry-specific Internet sites.
  • Strong multi-tasking, time management, thoroughness, and accuracy skills required.
  • Solid communication and organizational skills with a focus on teamwork and cooperation.
  • A high level of confidentiality is required.
  • Ability to work under deadlines with frequent interruption.

The next step is yours. Email us your current resume along with the position you are considering to:

resumes@symicorgroup.com

  • Commercial Loan Processor

    7 days ago

    Chicago, Illinois, United States The Symicor Group Full time

    Commercial Loan Processor Job DescriptionThe Symicor Group is seeking a highly skilled Commercial Loan Processor to join our team in Chicago, IL. As a Commercial Loan Processor, you will be responsible for preparing, accuracy, and completeness of commercial loan packages using the Bank's documentation system and procedures.Key Responsibilities:Process...

  • Senior Commercial Loan Processor

    4 days ago

    Chicago, Illinois, United States Bank of America Full time

    Job SummaryWe are seeking a highly skilled Senior Commercial Loan Processor to join our team at Bank of America. As a key member of our leasing credit team, you will be responsible for determining appropriate obligor and facility risk ratings through ongoing review of client financial statements, covenant compliance, and monitoring of news articles and other...

  • Commercial Mortgage Processor

    2 weeks ago

    Chicago, Illinois, United States Better Talent Advisors Full time

    Job Title: Commercial Mortgage ProcessorAt Better Talent Advisors, we are seeking a highly skilled and experienced Commercial Mortgage Processor to join our team. As a key member of our organization, you will play a critical role in processing commercial loans and ensuring timely and accurate documentation.Key Responsibilities:Prepare loan documentation for...

  • Commercial Mortgage Processor

    4 months ago

    Chicago, United States Better Talent Advisors Full time

    Based in the Chicago area and doing business around the country, we are an established boutique mortgage brokerage firm specializing in commercial projects and ultra luxury properties. Our clientele are typically high networth individuals and investment groups. We are lean and mighty, and operate in a close-knit work environment. Due to expansion, we are...

  • Commercial Mortgage Processor

    4 weeks ago

    Chicago, Illinois, United States Better Talent Advisors Full time

    About the RoleWe are seeking a highly experienced Commercial Mortgage Processor to join our team at Better Talent Advisors. As a key member of our organization, you will be responsible for processing commercial loans, working closely with loan officers, and ensuring timely and accurate loan documentation.Key ResponsibilitiesPrepare loan documentation for new...

  • Loan Processor

    3 weeks ago

    Chicago, Illinois, United States Fay Financial Full time

    Loan Processor Job DescriptionFay Financial is seeking a skilled Loan Processor to join our team. As a Loan Processor, you will play a critical role in ensuring the timely and accurate packaging of all loans originated by our Loan Officers.Key Responsibilities:Coordinate loan documents and ensure completeness and compliance with regulatory agencies and...

  • Loan Processor Assistant

    1 month ago

    Chicago, Illinois, United States Bay Equity Full time

    Job Title: Junior Loan ProcessorBay Equity is a leading retail mortgage lending institution headquartered in Corte Madera, California. We are committed to providing exceptional customer service and delivering innovative solutions to our clients.Job Summary:We are seeking a highly motivated and detail-oriented Junior Loan Processor to join our team in...

  • Loan Processor

    4 weeks ago

    Chicago, United States Invigorate Finance Full time

    Founded in early 2008, Fay Servicing is committed to providing innovative servicing solutions for both performing and non-performing mortgage loans. As a specialty mortgage servicer who sees the customer behind every loan, we understand that our customers aren't loan numbers - they're homeowners. Before founding our company, we conducted an exhaustive...

  • mortgage loan processor

    4 weeks ago

    North Chicago, Illinois, United States Great Lakes Credit Union Full time

    Mortgage Loan Processor Job DescriptionWe are seeking a highly skilled Mortgage Loan Processor to join our team at Great Lakes Credit Union. As a Mortgage Loan Processor, you will be responsible for originating and processing mortgage loan applications in a timely and compliant manner.Key Responsibilities:Process all loan applications, including...

  • Loan Processor III

    2 days ago

    Chicago, United States Guild Mortgage Full time

    Guild Mortgage Company , closing loans and opening doors since 1960. As a mortgage banking firm we are dedicated to serving the home owner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry. Before applying...

  • Senior Loan Processor

    2 weeks ago

    Chicago, Illinois, United States Fairway Independent Mortgage Full time

    Job Title: Branch Senior ProcessorAt Fairway Independent Mortgage, we are seeking a highly skilled and experienced Branch Senior Processor to join our team. As a key member of our loan processing team, you will be responsible for preparing loan files for residential mortgage applications, communicating with branch and corporate employees, and ensuring timely...

  • Senior Loan Processor

    1 month ago

    Chicago, Illinois, United States Fairway Independent Mortgage Full time

    Job SummaryWe are seeking a highly skilled and experienced Senior Loan Processor to join our team at Fairway Independent Mortgage. As a key member of our mortgage processing team, you will be responsible for preparing loan files for residential mortgage applications, communicating with branch and corporate employees, and ensuring timely and efficient loan...

  • Senior Loan Processor

    4 days ago

    Chicago, Illinois, United States Fairway Independent Mortgage Full time

    Job Summary:We are seeking a highly skilled Senior Loan Processor to join our team at Fairway Independent Mortgage. As a key member of our mortgage processing team, you will be responsible for preparing loan files for residential mortgage applications, communicating with branch and corporate employees, and ensuring timely and efficient loan processing.Key...

  • Loan Administrator/Processor

    4 weeks ago

    Chicago, United States Sovereign Technologies Full time

    Top Skills' Details2-5 years of relevant experience in a mortgage, banking, of financial services environment3-5 years of customer service experienceDefault management lifecycleLoss mitigationLoan processing/ loan servicingComfortable with data analyticsServicer Outreach Delinquency Reporting. This would include providing guidance and education on Mortgage...

  • Loan Onboarding Documentation Processor

    1 month ago

    Chicago, United States Dexian Full time

    Client: Financial Services Position: Business Onboarding Processor / Documentation Processor Location: Chicago, IL (Hybrid) Hours: Mon-Fri (Business) Description: Ultimately you will own our Client’s Onboarding documentation experience. This includes: Owning the research, creation, validation and negotiation oversight of client documentation for account...

  • Loan Onboarding Documentation Processor

    4 weeks ago

    Chicago, United States Dexian Full time

    Client: Financial Services Position: Business Onboarding Processor / Documentation Processor Location: Chicago, IL (Hybrid) Hours: Mon-Fri (Business) Description: Ultimately you will own our Clients Onboarding documentation experience. This includes: Owning the research, creation, validation and negotiation oversight of client documentation for account...

  • Commercial Loan Assistant

    4 days ago

    Chicago, Illinois, United States Self-Help Full time

    Commercial Loan Assistant Role OverviewWe are seeking a highly skilled Commercial Loan Assistant to join our team at Self-Help in Chicago, Illinois. The successful candidate will provide exceptional customer service to applicants and support Business Development Officers in building our commercial loan pipeline in the Chicago area.Key...

  • Senior Commercial Loan Officer

    3 weeks ago

    Chicago, Illinois, United States G-PAC Full time

    Commercial Loan Officer Job DescriptionWe are seeking a highly skilled Commercial Loan Officer to join our team at G-PAC. As a Commercial Loan Officer, you will be responsible for identifying and cross-selling a wide range of commercial banking services to our clients.Key Responsibilities:Develop new loans and manage the existing loan portfolio.Maintain an...

  • Senior Commercial Loan Officer

    7 days ago

    Chicago, Illinois, United States G-PAC Full time

    Commercial Loan Officer Job DescriptionGPAC is seeking a skilled Commercial Loan Officer to join its team. As a Commercial Loan Officer, you will be responsible for identifying and cross-selling a wide range of commercial banking services to clients. You will also develop new loans and manage the existing loan portfolio, maintaining an ongoing business...

  • Sr. Mortgage Processor

    2 months ago

    Chicago, United States Alliant Credit Union Full time

    Ensure accuracy of the loan application data for loans by clearing inconsistencies prior to and post submission to underwriting. Collect required documentation from borrowers and other third parties. Request valuation reports, title reports, fraud re Mortgage Processor, Processor, Mortgage, Loan Officer, Operations, Banking