Commercial Loan Processor
4 weeks ago
The 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 commercial loan requests for new and renewal loans using prescribed procedures and software.
- Review loan approval profiles, obtain required information for underwriting, and prepare loan closing documents.
- Prepare all necessary loan documents, including Promissory Notes, Business Loan Agreements, and Disbursement Requests.
- Confirm loan approval authority and review loan transactions from the Loan Profile.
- Determine initial underwriting documentation and review credit files for additional documentation needs.
- Order supporting documentation from approved vendors and work with loan officers or customers as needed.
- Renewal loan processing includes entering loans into loan software and working with servicing loan officers to move approved credits to close.
- Communicate results of documentation review and processing issues to loan officers in a timely manner.
- Balance transactions and prepare general ledger tickets and cashier's checks for disbursement.
- Prepare wire forms, wire tickets, and authorize wires for loan proceeds.
- Process loan file post-closing, including preparation and delivery of instruction letters and closing packets to title companies.
- 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 required documentation for commercial term loans and lines of credit and 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 strong level of skill working with PC and internet applications, including LaserPro, Excel, Word, and PowerPoint.
- 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.
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