Commercial Loan Processor

1 week ago


Baltimore, Maryland, United States Jobot Full time
Commercial Loan Processor Job Description

This role is responsible for managing the loan closing process from commitment letter to funding and booking of loan. The ideal candidate will have experience in loan processing and be able to work independently in a fast-paced environment.

Key Responsibilities:
  • Maintain the commercial backlog and funding report
  • Work with lenders, credit analysts, and borrowers to obtain documents required to underwrite and close loans
  • Organize loan files, prepare and maintain needs lists, and follow up to ensure receipt of all necessary documentation
  • Track receipt of commitment letters and loan conditions
  • Coordinate final preparation of loan documents and closing procedures with title officers and closing attorneys
  • Review residential appraisals for 1-4 family properties
  • Monitor and complete HMDA and CRA tracking sheets
  • Engage outside construction inspectors, set up construction files, title updates, and monitor advances
  • Maintain a high level of quality control and adhere to State, Federal, and Bank regulatory and Loan Policy requirements
Requirements:
  • High School diploma or GED required
  • Minimum of two years loan processing experience with demonstrated knowledge of products, policy, procedures, and regulations
  • Knowledge of loan origination systems
  • Understanding of and ability to apply Lean Management Principles

This is a great opportunity for a detail-oriented and organized individual to join our team and contribute to the success of our commercial lending company.


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