Commercial Loan Processor

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.