Commercial Loan Processor

3 days ago

South Bend, Indiana, United States Everwise Credit Union Full time $55,000 - $70,000 per year

Job Description
Position Summary:
The Commercial Loan Processor is responsible for processing commercial loans, ensuring compliance with regulatory standards. The incumbent is responsible for management of loan closings and post-closing process and the ongoing loan servicing responsibilities.

Primary Responsibilities And Duties

  • Order and review due diligence reports according to established guidelines and specific transaction approvals.
  • Review and process commercial loan applications. Ensure all applications are complete, accurate, and meet our lending criteria.
  • Prepare commercial loan document packages and submit to Sr. Commercial Loan Processor for review and approval prior to proceeding with closing.
  • Perfect the credit union's lien on various types of collateral, i.e. filing mortgage, placing lien on titled vehicles, recording UCC financing statements.
  • Review final closing documentation for accuracy, and regulatory and policy compliance.
  • Update commercial reporting systems with post-closing and on-going servicing information.
  • Review and process construction loan draws according to approved procedures.
  • Prepare commercial loan pay-off letters and collateral releases promptly and accurately.
  • Assists the Senior Commercial Loan Processors
  • Assume additional responsibilities as required for the growth and advancement of Everwise.

Knowledge/Skills

  • Foundation and understanding of commercial lending processes.
  • Experience in commercial lending regulations and legal requirements.
  • Experience managing documentation process for commercial loans.
  • Excellent communication skills and customer service skills.

Minimum Requirements

  • High School Diploma or GED
  • 1+ years' experience in commercial loan processing, mortgage loan servicing or processing, or title and escrow operations including property title research, documentation and closing coordination
  • Experience working in loan processing software
  • Proficient in Microsoft Office suite.

Everwise is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.

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