Commercial Loan Processor

4 weeks ago


Chicago, Illinois, United States The Symicor Group Full time
Commercial Loan Processor Job Description

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.
Requirements:
  • 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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